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’d sure hope so, but I don’t know if they actually care about the long term effects.
Absolutely not.
If they learn anything from this, it will be to better find the boundaries of what kind of grift they can or can’t get away with. The criminals will get smarter and barely a slap on the wrist. Worst case scenario, an entirely new flock of shitbirds will replace them and keep doing the same or worse.
As long as no one at the top goes to jail or completely personally bankrupt, there is 0 incentive for the system to change in the slightest.
IMHO everyone is entirely missing the point pointing their finger at Boeing.
The main issue is the FAA and how it failed to control Boeing. It’s obvious a business will try to sacrifice safety for money. But there should be check and balances. Someone making sure a business doesn’t do that.
The FAA let Boeing supervise itself.
Just to be clear some of the higher up at Boeing are criminals but so is the cop that told him he could police himself.
Sadly you see this at all levels of companies.
I’ve seen it in IT for 30+ years (Google is a great example): new projects/changes make you visible to upper management, but if you prevent failures/outages no one cares.
Now, have an actual outage and fix it, you’re a hero.
So, don’t prevent outages, but note the issues privately, develop mitigation plans, so when the outage occurs you’re the hero. That’s the lesson anyway.
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. Boeing has been a powerhouse of profit for 50+ years before it crumbled, that is the entire adult life of a boomer. And we all know Boomers don’t give a shit about the next generation. So it served its purpose.
Disclaimer: I am in no way educated in business or have any experience. I am just stating my opinion. Back on the site we don’t speak of, usually a generic not relevant comment like this one just meant to join the conversation usually got buried with something relevant ending up at the top. Here it is one of a few comments so I feel obligated to point out that I am just talking out my ass. Remember, reddit went to shit when it became publicly traded and they began trying to maximize shareholder profit, unlike boeing who is propped up by the government, we just left.
Yes it will be a case study.
