My father (economics professor) said you can date the start of a company's demise from when they build a palace for a headquarters.
For one thing, the design of the palace becomes a huge distraction for top management. Once they move in, they start to believe they are the godlike businessman the palace suggests they are.
Is there a name for the phenomenon of companies building themselves a headquarters right as they begin to fail? I've heard that idea before, but haven't been able to find either a name for it, or any data on it.
The urbandictionary link refers specifically to college presidents & universities, but there've been a few articles about how it applies to corporations as well.
For one thing, the design of the palace becomes a huge distraction for top management. Once they move in, they start to believe they are the godlike businessman the palace suggests they are.
Yeah, the Apple saucer is a big risk.