As well as the Green Blob there are the Harvard Business School alumni who maintain that they are just so damn smart that they can run any business. Thus banks are not run by bankers who care about banking, insurance companies are not run by people who care about risk, car companies are not run by engineers who care about cars. It’s all about the bottom line (for the next THREE MONTHS, of course), their performance-related or stock price related bonus, and their big, big pension (Roger Goodell anybody?)
“As well as the Green Blob there are the Harvard Business School alumni who maintain that they are just so damn smart that they can run any business. Thus banks are not run by bankers who care about banking, insurance companies are not run by people who care about risk, car companies are not run by engineers who care about cars. It’s all about the bottom line (for the next THREE MONTHS, of course), their performance-related or stock price related bonus, and their big, big pension (Roger Goodell anybody?)”
No truer words sir, no truer words.....
The amount of damage to American industry, caused by the sentiment above, would be difficult to quantify without deep study and grounding in grounding in the past successes of managers intimate with the processes they managed.
Not that the practices of the MBA types are bad, just that they are best incorporated with a detailed knowledge of and ‘skin in the game’ regarding the product or service.
.02
Happy New Year!
KYPD
The second group that got round filed was Lawyers.