How many millions were wasted instead of invested in developing new products? Why does management think company funds should be wasted so they all get a mini vacation in the sun?
8 replies (most recent on top)
Spending more on product development doesn’t mean you’ll sell that product. Product manager are incompetent and invent loads of cr-p.
We have all those fake fellows in Melville and GV and out west yet we have no real product that actually works… I must be in resideo !
Can those fake fellow and clean house
What we got for all our effort was $2 and a Starbucks coffee… and some promos off course!!!
Anyway, Resideo is not able to develop new produits, so there is no other option than selling existkng ones.
Not mutually exclusive. New product development was not sacrificed to fund Connect. Different functions. Different budgets. Different people.
Separate questions:
- Does Resideo spend too much on Connect?
- Should Resideo spend more on new product development?
Neither answer is a simple yes or no. Except #3...
- Does executive management waste resources?
$17.6 M
With executive costs included
We can spend more though….
We have loads of money
Great that’s worth a hatch at least like the one the fellow of Melville boasts about
I heard it’s at least $5 million if not a whole lot more