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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

#161
post #70

Earlier quoted context omitted.

The years before covid, unemployment was at historic lows.

The way unemployment is measured both practically and in the abstract (a PhD working as a cleaner is still employed) too subtle for a blanket dismissal like that.

No doubt it is complicated. Yet I was replying to a claim that there is not enough work, presented with no evidence or argument, that contradicts the most basic employment statistic. I think the burden is on the original claim.

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

#162
post #46

Earlier quoted context omitted.

Our society has plenty of Elon Musks. Their being snuffed out by a academic system designed to churn out people can repeat "the correct answer". Heterodox thinking is a liability not an asset in Academia now. Along with the fact that most people don't even have the option to take risk with the massive increase of cost of housing. Our society has been designed to squeeze out cash flow and it's smothering our creatives…

Academia isn’t snuffing anything out. 1) American school education, and college education is amazing. ( if you can afford it). Talk to immigrant parents From other countries for a contra point. Crushing the soul of students isn’t fully installed in America, yet (which brings us to point 2) 2) It’s the economy. At some point, the American economy stopped working as well for blue collar roles as paths to middle class i…

1. American education isn't 'amazing' by default just because other countries do things differently 2. The article is about the interrelationship between high-level education and the economy. There is cause and effect at play here, you can't just say 'at some point this happened, move on and don't ask why' 3. Just because something worked in the past does not imply it will continue that way

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

#163

Earlier quoted context omitted.

Musk climbed the ladder several rungs. If musk isn't self made then neither is the guy who was born into welfare and dies the owner of a successful independent used car lot. Climbing the ladder is climbing the ladder regardless of where you start.

One way to "climb the rungs" is education. This is an article/thread discussing his anti-education take, when he himself (in spite of having a first class education) doesn't feel like he gained from it, and suggesting others don't either (or even that education is harmful). His wealth and privilege is absolutely topical because he was able to bypass certain checks due to his family is.

elon grew up not rich at all and his mother and his father had an abusive relationship, difference is elon at 13 sold a video game(https://blastar-1984.appspot.com/) to get pubished by atari...at 13.

with a mediocre education, you aint competing with that.

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

#164

What’s the point of an MBA? Asking anyone this question who pursues the degree or has pursued the degree or insists on its value, often gives a non-answer. Like the following: * it helps with networking. * it helps with promotion. * it helps with advancement in career. * it helps with your resume. Boiling it down, “I can show off better and tout an imaginary quality”. If I was a person who was self employed or runnin…

> As an engineer, I think we need something else. Masters in engineering administration. Teaching engineers how to deal with bs that takes 5 years of career to figure out

The "Executive MBA" is trying to fill this void, I believe.

I'm a mid-career corp finance exec that has painstakingly resisted the inertial forces that want me to obtain an MBA. I do not see the value from an investment or knowledge perspective (I went to bschool for undergrad). At this point, my experience and existing network far outweighs what a MBA on my resume would provide however I am intrigued by the EMBA. My hesitation is pulling focus away from what's working for me.

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

#165
post #51

It’s a matter of phase of company. MBAs are better at measuring and capturing value. Weaker at creating it. Therefore the non-MBA expert outperforms in the growth phase, though it takes a different mindset for mature companies.

Spot on. MBA's aren't meant for 0 to 1. They're meant to optimize and sustain business models with the foundation of innovation and revolutionary ideas. Companies that only stick to one or the other are doomed, or require their industry to be that much more technical or business focused.

Worth looking at it from the viewpoint of the Multi-Armed Bandit problem as well, or in other words, companies sometimes shift their focus from "exploration" to "exploitation," and it can be a challenge for the company to learn to shift back to "exploration."

https://en.wikipedia.org/wiki/Multi-armed_bandit

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

#166
Back in 2012, I attended an event with Microsoft Venture sponsored for alumni by both the engineering and business schools at my University. I went hoping to meet cool technology people and exchange ideas. When I arrived and started talking to people it became clear that I was the only alum from the engineering school.

At that point, I had worked in Silicon Valley for 12 years and had several successful product developments under my belt. Yet I couldn’t understand a word of what the MBAs were saying. Their words would stream out and there was no content or substance whatsoever to anything they were saying. I left with the impression that very few had any idea what technology development was or how to bring a technology product to market.

When I mentioned that I was from the engineering school, few wanted to continue the conversation.

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

#167
post #140
post #93

Earlier quoted context omitted.

Elon isn't taking their market share. He's banking on the future and stealing their market cap. What people are missing is that every car company is a fast follower and Elon's head start and subsequent lead is disappearing as Porsche (VW) and others are stealing the limelight and performance ranks. Similar to Apple, Elon is thinking in terms of profitability and long-term strategy and wants to focus on taking that ov…

How is Porsche stealing the limelight? With the Taycan? Which starts at >$100k, with half the range and slower 0-60 numbers than a lumbering $70k base model Model S? (I know they're not direct competitors, I expect the Porsche to have significantly better fit/finish and handling, and the Taycan doesn't really sit 5 comfortably). At the top end, it looks a bit better, but then it's priced in the range of the 2021 Road…

The allure of Tesla is that their DNA and proposed vision is all-electric performance without compromise. They've forgone the luxury market and gone all-in with performance. The 3, Y, and even X rely on the nostalgia of the Roadster and soon the S. Despite the fanfare of the S, Tesla hasn't been able to convince the average consumer with multiple cars to own multiple Teslas nor the PR firm that their other models deserve to be on the Top 10s, etc. I'm never going to bet against Tesla. I've seen my $500 TSLA purchase go up 15,000% to $75k in just a few years. That being said there's a lot more work to be done for Elon to get to the top and stay there.

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

#169
I started doing an MBA at a top Australian university. I won the top student award in digital marketing.

I found that I was spending most of my time carrying other students rather than actually learning something beyond what I could read in a book or already knew, at least at the conceptual level.

And believe me when I say I’m not smart in an academic sense.

Family issues came up and with a waning interest I dropped out while getting enough points for a Grad Cert.

Fast forward a decade later and I’ve filed a patent pending in AI and another one in video messaging.

The MBA was for the most part a waste of time, money and energy.

I really didn’t learn much, except to recognise getting an MBA is more to do with ones ability to persevere through an incredibly dry and uninteresting range of subjects for many years at a time.

Save your money, and spend it on something more useful. $40k gets you a lot of azure/aws/gcp credits plus lifetime accounts of Lynda.com training and pretty much any other online course aggregator you care to imagine.

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

#170
post #140

Earlier quoted context omitted.

How is Porsche stealing the limelight? With the Taycan? Which starts at >$100k, with half the range and slower 0-60 numbers than a lumbering $70k base model Model S? (I know they're not direct competitors, I expect the Porsche to have significantly better fit/finish and handling, and the Taycan doesn't really sit 5 comfortably). At the top end, it looks a bit better, but then it's priced in the range of the 2021 Road…

> How is Porsche stealing the limelight? With consistently better performance. The Taycan is a sports car: https://www.youtube.com/watch?v=vcKz1OGZ7_I > but they don't seem to offer the same range per buck that Tesla does? The VW ID.3 has similar WLTP range figures to the Tesla Model 3 and the ID.3 is cheaper.

Yep, the Model S is a large family sedan, that's why it's a bit absurd for it to win. My point was that a sports car from Porsche should be winning, and not by a little.

That video is comparing the Turbo S (the $185k version of the Taycan) to the $92k version of the Model S. The $140k version is significantly faster, let alone the 2021 Roadster.

The ID.3 seems to have a stated range of ~200 miles?

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