GeneralHr Library

How Google became the most valuable business in the world

Source | Mashable India 

By the middle of 2010, it was clear that something was broken at Google.

Investors, analysts and members of the media who once touted the company’s fast growth started to wonder if Google was just a “one-trick pony” that cleaned up Internet searches and made a nice advertising business out of it.

Inside Google, teams had begun moving forward with a wide range of groundbreaking and potentially lucrative projects to dominate the smartphone market, scan millions of print books, map every street in the world and even build cars that would drive themselves. 

Google’s problem wasn’t a lack of ambition, but rather a fundamentally flawed decision-making process at the very top of the company that kept slowing things down, according those in the C-suite at the time. 

For nearly a decade, Google’s two brilliant youthful founders, Larry Page and Sergey Brin, made all major business decisions together with the seasoned executive they had selected as CEO, Eric Schmidt.

“They were so close at the beginning of the company and they made so many great decisions together. It was very powerful,” Patrick Pichette, Google’s former chief financial officer, said in an interview this week with Mashable. “But as the company grew and grew in complexity and momentum, that became an issue.”

The vexing issue, and Google’s eventual fix for it, set in motion a more “mature” management strategy that helped it move faster, eventually influenced its move to create a new holding company called Alphabet and arguably propelled it (however briefly) to overtake Apple this year as the most valuable business in the world. 

Looking back, Google’s flaw was obvious, but serves as a case study for the need to consistently re-think the leadership structure of businesses as they grow and adjust their goals.

Read On…

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button