The "MBA" reflects this, as though there were a generic managerial skill that, by running a spreadsheet, magically lets you run everything from a missile manufacturer, to a furniture maker to a restaurant chain. Which is to say, all these companies are run by financial wolves who know nothing about production or services but only know how to squeeze as much short term profit as possible by cutting costs and quality (safety or the law be damned), selling tech to Chinese competitors, until the empty husk goes bankrupt and, like locusts, they move on to loot another company.
Take a look at the "entshittification curve":
https://www.oreilly.com/radar/where-is-ai-on-the-enshittification-curve/
You have nailed the whole of MBAs precisely. I can’t add to it. Quarterly goals instead of legacy profits kill companies. They are simply a harvest process that goes until the company is too weak to recover. By then the guilty managers have moved on leaving the wreck to someone else.
Sounds a lot like politicians doesn’t it? Thune for example, does not give one whit about improvement or expedience. Time and timeliness do not matter to him, he gets the same result either way. He only cares about his power and money and Thune. Make no mistake, senior management is the same way and they are slick enough to keep their true agenda hidden for as long as they can. The board is clueless or in on the scam.