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MBAs are misunderstood. These are business hackers. They may hack the signals that are being sent to the market quarterly, but they are also capable of hacking
by teyc 15y ago
MBAs are misunderstood. These are business hackers. They may hack the signals that are being sent to the market quarterly, but they are also capable of hacking other parts of the business for better long term outcomes if the market lets them. The problem is market analysts are like news reporters, always chasing after the next car crashes.
- mattgreenrocks 15y agoInteresting, can you elaborate more?
- teyc 15y agoThe basic thesis is this: What ever we can measure and whatever we pay attention to, we improve. It's just like Hacker News karma. A management that forms a tight feedback loop with market watchers and stock prices tend to learn very quickly what pleases the market, and optimize for it. MBAs learn about how to hack the balance sheet so that earnings per dollar capital rise, and the stats look good. However, there are alternative management score cards being developed to measure businesses better. Measuring willingness of customers to refer friends is one. Mining companies for example measure near misses and lost time injuries as a priority because the publicity of one bad accident can jeopardize new investments.
- deleted 15y ago[deleted]