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This is a big part of why I suggest not hiring MBAs in a startup. They have typically been indoctrinated into the shortsighted modes of thinking described in th
by resters 6y ago
This is a big part of why I suggest not hiring MBAs in a startup. They have typically been indoctrinated into the shortsighted modes of thinking described in the article, yet because they are MBAs they consider themselves adept with the financial decision making aspects of business.
- clairity 6y agoif you don't want shortsighted managers, then screen for that directly, rather than trying to rely on a wildly imperfect proxy like which degree they hold. that's a good way to get mostly false negatives and false positives, rather than true positives only.
- resters 6y agoOf course. I suppose the same caveat applies to hiring anyone who has significantly more education than experience, particularly when that person is hired into a management role, as new MBAs often are. Also, very few have familiarity with management accounting or are versed in thinking about incentives, two traits that help prevent against the biases highlighted in the article.