Occasional commenter ChETHB raised another interesting point in the discussion about the trouble with GM:
I have been thinking more about the decline of the American automobile industry and have come up with one more tidbit to throw out - the rise of MBA's in American industry. This started in the mid-60's and it has been my personal observation that decision-making in technically oriented businesses has suffered as managers/executives with technical degrees have been replaced by executives holding MBA degrees. Could something this simple have started the downfall of GM?
I found this statement provocative. My own corporate experience suggested that the really valuable people are those who know how to do things. Meanwhile, there were a lot of MBA's (and in my case, an MPA) running around not adding a lot of value. If I had been in charge, I would have fired me, a bunch of MBA types, and all of the Andersen "change" consultants.
What thinkest thou, fair readers and fellow contributors? Is the rise of the MBA a good thing?