A while back, I (with a few others) built and sold an innovative tech company to a large “enterprise”. What you’re describing is exactly why they bought us and how things played out post acquisition. I’ve since left, but the thing we built is now in shambles, buried and suffocated by bureaucracy and institutional ineptitude. The parent company has learned nothing, continues to keep buying smaller tech companies, and can’t seem to figure out why things always turn to shit.
Large organizations (no matter the sector) are almost always just coasting on momentum, there’s no innovation possible.
Even fairly small companies quickly develop such a gigantic administration overhead, that they quickly turn to stone.
This is the other side of the bullshit jobs book.
