From what I understand, a big part of what’s happening with Boeing, is that Boeing is run by Business person who want to maximize return of stock-owner rather than by people wanting to make a good product. The gained flexibility/nicer budget from massive sub-contracting led to “loss of knowledge”, and cutting-down quality control steps which “never catch anything” led to issue being missed-out.
Do you think that MBA program will take this reality into account ? or would they keep focusing on maximizing short-term profit even if it jeopardize the company’s future ?
I feel like it is a story as old as time and not isolated to Boeing. I am pretty sure all companies that are publicly traded have a legal obligation to maximize stockholder return, it’s why most companies go to shit eventually. They may be able to frame making better decisions as an investment into future returns, but they are legally obligated to maximize returns. Boeing just did it while also being propped up by federal contracts where holding them accountable for the decline in quality and changing vendors was above everyone’s pay grade. End stage capitalism combined with good old boy government contracts = astronauts stuck on the space station.