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Re: The High Price of Precision Scheduled Railroading
Author: jack welch
Date: 10-17-2023 - 09:14
Guest Wrote:
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> When companies went from a mix of college grads &
> people rising through the ranks, things ran better
> simply because the two sides had people with a
> large range of knowledge to play off each other.
> Then the rising through the ranks folks were
> considered dinosaurs and pushed out. Time for the
> MBA's & diversity hires who didn't know @#$%&
> about anything.
>
> Boeing is a perfect example. Once one of the best
> aircraft companies on the world, they were
> primarily run by engineers. Then the MBA types
> took over. How far behind is their latest NASA
> contract? It's amazing them haven't declared
> bankruptcy yet.
>
> The Class 1's are headed down the same path.
Remember Jack Welch nearly destroyed General Electric. His proteges continued his business style of outsourcing ,layoffs and MBA's making business decisions over the objections of engineers.One Welch protege became CEO of Boeing around the time the 777 was experiencing failures. The railroads want high short term profits over long steady lower return profits. A MBA probably came up with the term credited to Hunter Harrison "Precision Scheduled Railroading."
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> When companies went from a mix of college grads &
> people rising through the ranks, things ran better
> simply because the two sides had people with a
> large range of knowledge to play off each other.
> Then the rising through the ranks folks were
> considered dinosaurs and pushed out. Time for the
> MBA's & diversity hires who didn't know @#$%&
> about anything.
>
> Boeing is a perfect example. Once one of the best
> aircraft companies on the world, they were
> primarily run by engineers. Then the MBA types
> took over. How far behind is their latest NASA
> contract? It's amazing them haven't declared
> bankruptcy yet.
>
> The Class 1's are headed down the same path.
Remember Jack Welch nearly destroyed General Electric. His proteges continued his business style of outsourcing ,layoffs and MBA's making business decisions over the objections of engineers.One Welch protege became CEO of Boeing around the time the 777 was experiencing failures. The railroads want high short term profits over long steady lower return profits. A MBA probably came up with the term credited to Hunter Harrison "Precision Scheduled Railroading."
