Nope, MBAs have to learn exponential growth is impossible to accomplish forever.
Companies should be managed to be profitable, while paying employees and business expenses.
Anything other is a pipe dream that eventually blows up, but since only employees suffer while the MBA guys go to become CEO of yet another adventure, who cares. /s
The myth of exponential growth is not that companies can't grow exponentially forever (since that's the case for most companies) but rather that the valuation of these companies depends on exponential growth (it does not). Most public companies in the United states do not experience the exponential growth many tech startups do, but do perfectly well for themselves, their customers, and their employees.
No one is pushing for exponential growth. If a company wants to stop, declare a dividend, and be done with it, and let investors choose a new rodeo.
Except that isn't what happens, instead every year a new goal that has to be X % higher is set, and when expectations are not met, the employees are the ones landing on the street for stupid values of X%.
The one signing off on X% might even get a bonus for doing that, and enjoy some Bahamas vacations.
In tech sure, but in the market, many companies simply return dividends. Lots of mining stocks, retailers, commodity producers, etc don't experience exponential growth
indeed. but tech gets some new boom every 3 years and that's why no company worth their salt is going to settle on dividends. It's still growing fast, so companies expect fast growth. Even in the recession they don't want to pretend exists but knows exists.
I have an MBA and am not a CEO. I'm probably better at developing software than you, too.
But, I do get a chuckle out of what you believe is a "diss," when you're actually stating that MBA holders will not only do better in life, but they'll also control your fate.
"But, I do get a chuckle out of what you believe is a "diss," when you're actually stating that MBA holders will not only do better in life, but they'll also control your fate."
This doesn't mean it is not a diss - most parasites fare quite well, and definitely determine fates of their hosts.
Like all rules there are exceptions, and I am old enough to remember when management was battled earned from the trenches, not people thinking they could manage any random company.
It is like assuming generals can win wars straight into the battlefield after graduation from military school.
Some get lucky, most of them do not, then again the little soldiers are the ones thar have to worry with the actual outcome.
>when you're actually stating that MBA holders will not only do better in life, but they'll also control your fate.
Not if I can help it. America is doomed but I can scavenge out my own little hole to settle in and see if that survives the fallout.
If there's one thing I learned, it's that tech has an amazing ability of scale that can even topple titans if you strike at the right time and place. You won't make trillions, but you can live very comfortably. And that's all I want; I don't need infinite money and exponential growth. And if I do get a company that achieves that I will keep it that way. a proper business, not a speculative stock to gamble with.
It means absolutely nothing to you, but you're the exact kind of person I'd avoid in my company at all costs. Our goals diverge too much, and that's not a bad thing. Comapnies need to have proper alignment to succeed.
Companies should be managed to be profitable, while paying employees and business expenses.
Anything other is a pipe dream that eventually blows up, but since only employees suffer while the MBA guys go to become CEO of yet another adventure, who cares. /s