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The MBA-ization of America is a risk management strategy to avoid failure-by-bad-management among small companies that get big enough to receive outside investm
by xbar 6y ago
The MBA-ization of America is a risk management strategy to avoid failure-by-bad-management among small companies that get big enough to receive outside investment. It has probably saved a lot of companies from cratering early.
Musk is correct that it also vacuumed up creativity and reduced total entrepreneurship as a result, Stanford Business School professor opinions notwithstanding.
This is a big impact. It is much easier to get a highly technical job at one of dozens of entrepreneurial companies that are bouncing along. The appeal of those jobs makes it less urgent to go do your passion project and succeed.
Is this situation definitely bad today? Does it point to a bad future?