Bidness

[Tee Birdy Tim]

 

[Bamboo]

I also have a business degree...which I rarely mention.
We need people with good contracts and finance management skills and I respect those who do that well.
But some are just about the bottom line for that quarter.
No long term vision or goodwill building.
BTW did you know goodwill has a measurable value in accounting?


Greed is good was a slogan for a while...Greed is not good.
Some things are just the right thing to do and let the profits fall where they will.

 

[Tee Birdy Tim]

To me this is mainly about US bidness culture. If you can call it that.

I don't understand how the Boeing management can be so brain dead. If it ain't broke...

 

[3rdworldlover]

Capitalism fails because the banker wankers end up hoarding it all and buying out the government and the media

 

[Bamboo]

You mean the dumbing down of management?
It used to be in the engineering biz that sr management had a strong tech background, possibly engineers themselves...and at LEAST 15+ years of real engineering/development/manufacturing/test work.
Not so much anymore.

 

[Tee Birdy Tim]

You mean the dumbing down of management?
It used to be in the engineering biz that sr management had a strong tech background, possibly engineers themselves...and at LEAST 15+ years of real engineering/development/manufacturing/test work.
Not so much anymore.

I mean it should be obvious to that CEO that his actions would not benefit the company. When you go by the bottom line, cutting pay and outsourcing seem like great ideas.

But who in their right mind thinks the bottom line is the only good metric? Don't they know how to measure anything? Don't they understand systems? Causality? Feedback? There have got to be plenty of studies out there showing the indirect effects of business decisions.

It's just pure, abject stupidity. Willful ignorance. Delusions. Ideology against reality. Very frustrating.

 

[Bamboo]

Thanks for the clarification.
Yep....all of that.

 

[Tee Birdy Tim]

I kinda wonder if there is some current, popular notion about being paralyzed as a decision maker if you think deeply.

My answer to that is Dwight D. Eisenhower. Or, just as well, Chester Nimitz.

Or maybe they are just corrupt ransacking sociopaths.

 

[Bamboo]

As you know there is analysis paralysis.
Sometimes a decision needs to be made in the face of incomplete or inconsistent data.
This is where experience comes in. It is possible to make good, but maybe not perfect, decisions based on the info you have so you can move forward.
Sometimes that decision sucks and you have to own that...been there, and got the deserved ass chewing...but not being a fking toddler about it and course correcting openly is important.
Intentionally making no decision is a decision also...
Avoiding any decision making is the sign of a weak leader.

 

[Cole]

I worked for a mega corp years ago and brought in about a thousand dollars a day servicing a government maintenance contract. My laptop kicked the bucket and I needed a replacement. Approval for a new machine was signed off on by my boss, then it went to his boss who was the head of our branch. The approval process then left our office and went to corporate headquarters where it was signed off on by four additional managers. The final approval was made by the CFO. The machine was purchased, then it went to the IT specialist for the instillation of the programs. Once the setup was completed, it was sent to our branch and not my home. I had to drive three hours each direction to pick it up. The process took five weeks. The laptop cost roughly $3,000.

I spent the five weeks looking busy but did nothing. This cost saving measure cost the company $20,000 in lost revenue, not including my paycheck.

They were the picture of inefficiency and yet their stock value remain high to this day.