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Re:Tesla Passes Ford by Market Value by mikeash on Monday April 03, 2017 @11:55AM (#14023795)
Individuals within a company seek to be viable in the future, which often leads them to reject innovation that might endanger their role.

History is littered with companies that refused to pivot into new technology until far later than they should have, because they were too heavily invested in the old way. American car companies suffered from this in the 70s, where they got thrashed by competition from small imports for quite a while before they could be convinced to stop concentrating on land yachts.

Re:Tesla Passes Ford by Market Value by John23832 on Monday April 03, 2017 @12:22PM (#14024131)
Bureaucracy goes out the window when you have an activist investor asking you why you're ignoring clear market trends.
Re:Tesla Passes Ford by Market Value by mikeash on Monday April 03, 2017 @12:37PM (#14024306)
By the time the trends become that clear, you're often years behind.
Re:Tesla Passes Ford by Market Value by John23832 on Monday April 03, 2017 @12:44PM (#14024403)
We are behind, but a competent investor isn't.
Re:Tesla Passes Ford by Market Value by mikeash on Monday April 03, 2017 @12:47PM (#14024441)
Then how did all these companies end up in this position in the past?