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Elon Musk Decries ‘M.B.A.-ization’ of America

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Re: Elon Musk Decries ‘M.B.A.-ization’ of America

#21
post #13

I, for one, sometimes miss the knowledge that an MBA might give me. I'm a technical CTO and I have some trouble with long term planning, budget, managing people, etc.

You really don't need to do an MBA to learn those things. Of the 3, two can be learnt in a week. Managing people is a lot harder!

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Re: Elon Musk Decries ‘M.B.A.-ization’ of America

#23
post #6

Finally, he says something I can agree with. MBAs are for optimizing stable firms. They're walking death for startups, I personally have seen it happen.

I mean, Doordash just IPOed this week, and that come out of Stanford GSB. If you want something with an arguably more innovative product, Stitch Fix also came out of Stanford GSB, and it was a pretty unique business model at the time.

Some MBAs are pretty good, although I suspect it’s mostly selection bias (the people would’ve been great even without attending b school).

Re: Elon Musk Decries ‘M.B.A.-ization’ of America

#24

While I'm not certain, I have a feeling the new GSuite logos and the release of Web Stories were decisions made by MBA's and not engineers.

Looks more like design-by-committee to me e.g. committee decided "we need more uniformity across our logos" and then some poor designer gets landed with the task of making that happen.

Re: Elon Musk Decries ‘M.B.A.-ization’ of America

#26

He is onto something there. Bean counting is useful and companies cannot survive without good cashflow, but it should not become Mission A of the company, or engineering (and other) talent will look elsewhere. If one company's de facto mission statement is "We want to grow our market by 8.2 per cent and give our bosses higher Christmas bonuses" and another one comes and says "Guys, we want to fly to fscking Mars!", c…

> but it should not become Mission A of the company, or engineering (and other) talent will look elsewhere.

There's 3 things that I judge an employer by

1) Sector the company is in (Space, electric cars - Yay)

2) Revenue/Growth of the company (pie grows, does your share?)

3) Company culture (that's catch-all, but if you want a negative see that "don't hire the hot girl" guy)

A lot of ways I care more about the sector, because that's the thing I cannot hope to influence, but the rest is actually open to improvement if you're high enough on the ladder.

I think the "bean counting led" is a failure on #3, but might be a win on #2.

Re: Elon Musk Decries ‘M.B.A.-ization’ of America

#28
post #6

Finally, he says something I can agree with. MBAs are for optimizing stable firms. They're walking death for startups, I personally have seen it happen.

Even for stable firms they can be death. "Lights Out: Pride, Delusion, and the Fall of General Electric" makes the case that the MBA mindset (exemplified by Jeff Immelt) of focusing on finances and acquisitions while ignoring the actual products has been leading to the downfall of GE.

Re: Elon Musk Decries ‘M.B.A.-ization’ of America

#30
post #13

I, for one, sometimes miss the knowledge that an MBA might give me. I'm a technical CTO and I have some trouble with long term planning, budget, managing people, etc.

If MBAs taught how to manage people then they might be worth it but alas, this is far from the case.
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