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Re:How Boeing Lost Its Way [video] by cpursley on Sunday February 11, 2024 @04:13PM (#39338765)
MBA-thinking
Re:How Boeing Lost Its Way [video] by wqtz on Sunday February 11, 2024 @04:41PM (#39339047)
Is it possible for a hundred billion dollar company to hold constant stream of innovation that is not in big tech?

From what I understand MBA-fication of innovation is inevitable. Innovation is funded by revenue and revenue is backed by sales. Sales is driven by "who you know" aka networking.

Technical prowess will convince someone to buy your product, but networking gets you through the doors in the first. Inevitably you need MBAs to generate revenue. After a certain points MBA-fication creeps in to engineering decisions and innovation.

From what I understand, innovation is largely fueled by chaos and risk. MBA fundamentally is about risk minimization and certainty. So, I can't blame Boeing, like I can't blame Intel, IBM, Ford, GM, General Electric, Phillips etc.

Re:How Boeing Lost Its Way [video] by detourdog on Sunday February 11, 2024 @05:45PM (#39339551)
A big difference I see is that Boeing is the consolidation of many different going entities. Each entity likely had subtley different goals.
Re:How Boeing Lost Its Way [video] by a_paddy on Sunday February 11, 2024 @05:10PM (#39339259)
Surely sales is driven by producing the best product
Re:How Boeing Lost Its Way [video] by klodolph on Sunday February 11, 2024 @05:23PM (#39339361)
There are too many counterexamples.

Normally I’ll deep into the apologia and explain stuff like “why VHS is actually better than Beta”, which, yes, is something I believe. But I only have a limited stockpile of apologia for why the market chose correctly and gave us the better product. There is an unlimited supply of counterexamples, where an inferior product won out, even when you consider things like manufacturing cost.

Re:How Boeing Lost Its Way [video] by Jtsummers on Sunday February 11, 2024 @05:15PM (#39339290)
Sales are driven by convincing the most people (or the deepest pockets) to buy your product. It doesn't have to be the best, it has to be the best marketed.
Re:How Boeing Lost Its Way [video] by TaylorAlexander on Sunday February 11, 2024 @05:29PM (#39339414)
I can't tell if this is sarcasm.
Re:How Boeing Lost Its Way [video] by russellbeattie on Sunday February 11, 2024 @05:32PM (#39339436)
"Fiduciary duty to maximize shareholder value."

The most mendacious and destructive idea to have ever been been conceived. Customers, employees and governments can screw themselves, only the wealthy matter. Propped up by the concept of a corporation as a legal entity with the same rights as a person, who happens to be a sociopath.

Re:How Boeing Lost Its Way [video] by skissane on Monday February 12, 2024 @08:28AM (#39344500)
If the board is solely elected by shareholders, whose interests do you expect them to prioritise?

In some EU countries, they put union/employee reps on corporate boards. Generally done by having two boards - a supervisory board containing union/employee reps, which in turn appoints a management board without them. The CEO reports to the management board which in turn reports to the supervisory board

But it doesn’t necessarily stop scandals/mismanagement/corruption - Volkswagen has a supervisory board with employer/union reps, but that didn’t stop Dieselgate. Would employee/union reps on Boeing’s board have stopped the 737 MAX debacle? Hard to know