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For products/services tied to real engineering, that idea that you can maximize profits without leadership that understands it at a deep level is wrong. If you
by dv_dt 3y ago
For products/services tied to real engineering, that idea that you can maximize profits without leadership that understands it at a deep level is wrong. If you want to maximize profits in that kind of company, you'd better be able to build and sustain a culture to systematically knock out catastrophic risks stemming from real world physical constraints.
A management accounting guy is great at hedging financial risks, but that is what they'll always focus on, not the real world. What we are seeing with Boeing now is what happens if leadership is adrift without a good intuition about real world physical risks and what it takes to address them. You can't maximize profits while regularly causing catastrophic events.