Iām in engineering and I see management and business personnel create systemic failure too often.
MBAs only looking at the current fiscal quarter, with no long term sight, is mind boggling. By the time the failure occurs, the managers and MBAs have played corporate musical chairs.
Thanks for the link.
That's what the shareholders want, quick profits, then they'll simply dump the stock when things go south, or their computer trading programs will do it for them.
No prob.
Reviewing internal defect data for just a quarter would be considered insanity at the aviation maintenance facility I was at.
Our belief was that “trending over time” (week, month, year and multiple years) was just too valuable, and that was proven out over and over.....and yet, even with that level of granular analysis the swiss cheese model would STILL rear its ugly head occasionally.
The idea was to achieve zero defects through continuous process improvement......although obviously never achievable, striving for that target helped keep failures under control as much as possible.....at least that was the idea.
The most obvious weak link was that government employees are doing the maintenance. š