Precisely this. This is, in my view, the biggest lie American MBA schools forced down to the society: the notion that, if you can’t quantify the value of support and engineering then it does not matter. That is just a side effect of how limited accounting is as a tool to measure value and of how unimaginative accountants are, as a class of professionals.
Then MBA schools don’t directly say it but do condone the notion that one can always squeeze more profit from less cost, which works in the beginning but at the end throws the company into a potentially unrecoverable corner (Boeing), damaging people’s lives, suppliers’ businesses, and the community at large.
Precisely this. This is, in my view, the biggest lie American MBA schools forced down to the society: the notion that, if you can’t quantify the value of support and engineering then it does not matter. That is just a side effect of how limited accounting is as a tool to measure value and of how unimaginative accountants are, as a class of professionals.
Then MBA schools don’t directly say it but do condone the notion that one can always squeeze more profit from less cost, which works in the beginning but at the end throws the company into a potentially unrecoverable corner (Boeing), damaging people’s lives, suppliers’ businesses, and the community at large.