It's a paradox: on one hand, there's outstanding research and patent achievements, yet on the other, a struggle to remain contemporary and impactful. After spending years in Silicon Valley, I joined this company, anticipating insights into the management of worldwide projects. However, I discovered it was all disarray, with the strategy seemingly to allocate more personnel whenever problems arose. A glaring warning sign emerged when they exited the competitive x86 server market by selling this segment to Lenovo, which quickly turned it into their most lucrative venture. IBM's cumbersome cost structure and inefficiency rendered them uncompetitive in most areas except the highly profitable ones. This was followed by financial maneuvers, such as rebranding their software sales as Cloud revenue.
This is the gist of the IBM story.
Source: @stb+1r4AtNlb.