Posted on 02/26/2014 6:31:13 AM PST by SeekAndFind
U.S. business schools are failing to provide students the skills to succeed in today's business environment. The textbooks, case studies and even the experience of entrepreneurs-turned-professors are proving irrelevant in the current marketplace.
Today it is increasingly politicians who pick the winners in the businesses world — not creativity, grit, determination and a little elbow grease. So while my suggestion that business schools should update their curriculums is tongue-in-cheek, the reality is that knowing how to lobby politicians, procure economic incentive packages, secure bailouts in the event of temporary setbacks and use taxes and regulations to undercut competitors are, unfortunately, critical to succeed in today's environment.
This crony economy — when politicians choose which businesses get special breaks and benefits — is a tragedy for economic freedom and the well-being of businesses and consumers alike. Not only does this system create an unfair playing field, but it also erodes the quality and choice of products and services available to consumers. Consider the food truck industry that has sprouted up and thrived in many U.S. cities.
Culinary entrepreneurs have recognized food trucks as a way to test their ideas among the public without the high cost and risk that come with running a brick-and-mortar restaurant. From burritos and kabobs to cupcakes and doughnuts, the public welcomes the opportunity to try new foods at affordable prices from these mobile kitchens.
But not everyone welcomes choice into their neighborhoods. Threatened by the competition, restaurants have worked successfully with many local governments to regulate food trucks out of business.
In our nation's capital, Washington, D.C., regulations were proposed earlier this year to limit food trucks' ability to operate and serve customers.
(Excerpt) Read more at news.investors.com ...
Every company needs a Wesley Mouch. Of course, he stabs them in the back, but they get a chance to make a few bucks before he does.
Yep. Business began to figure out in the 70’s that the ROI on tossing around $100K on Capitol Hill for campaign donations, hookers and booze is infinitely greater than investing millions in physical plant or new employees.
Rodney Dangerfield's First Economics Class
First of all, you have to grease the local politicians for the sudden zoning problems that always come up.
...
Don't forget a little something for the building inspectors.
There's the long-term costs, such as waste disposal. I don't know if you're familiar with who runs that business... but I assure you it's not the boy scouts.
Can’t even open a lemonade stand today without a lobbiest
and a team of lawyers.
The is all over.
While earning a Teaching Masters, a friend’s (soon to be ex-)wife literally majored in “Grant Writing.”
Okay. That was good!
Truth be told, a lot of this is coming from people who don’t want to be independent, but want to be taken care of.
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