Reply to: 2 Minute MBA!

[Mich the Tester]

But I am a shareholder NOW, not in many years' time.

So I want the profits NOW, not in many years' time.

How do we overcome that?

Then perhaps the shareholder needs a little education about his own financial needs. Do you need a speedboat now or a solid pension fund when you’re 60/65? Do you need a SUV now or do you make do with a normal car and have food to eat when you’re a pensioner? You may have got to the heart of the problem; lack of long term judgement on the part of shareholders, leading to the appointment of short term oriented managers in positions where they should really be looking after the long term needs of a business.

[MPwannadecentincome]

But I am a shareholder NOW, not in many years' time.

So I want the profits NOW, not in many years' time.

How do we overcome that?

You must be in a hedge fund?

[Gonzo]

..... but making money continually over a period of many years involves a more developed way of thinking, involving an understanding of technology, the outside world, human relationships, social expectations and norms, political developments and so on and so on. A business which loses the goodwill of society is on the wrong course......

But I am a shareholder NOW, not in many years' time.

So I want the profits NOW, not in many years' time.

How do we overcome that?

[PM-Junkie]

Depends on who you are quoting, doesn't it

All of mine are the top few hits from a Google search for profit and vanity...

Mine is attributed to Baruch, who is generally accepted as being the originator of that little gem. I'm not entirely convinced though...

[TheFaQQer]

The actual quote is "market share is vanity, profit is sanity, cash flow is reality"

Sorry to be boring.

Depends on who you are quoting, doesn't it

All of mine are the top few hits from a Google search for profit and vanity...

[PM-Junkie]

Sales is vanity, profit is sanity and cash is reality?

Turnover is vanity, profit is sanity but cash is king?

Volume is vanity, profit is sanity?

Production is vanity, profit is sanity?

Any one of those, I guess.

The actual quote is "market share is vanity, profit is sanity, cash flow is reality"

Sorry to be boring.

[TheFaQQer]

There's a very good quote about profit and sanity or vanity that would be good to expound right now. I can't remember what it was though.

Sales is vanity, profit is sanity and cash is reality?

Turnover is vanity, profit is sanity but cash is king?

Volume is vanity, profit is sanity?

Production is vanity, profit is sanity?

Any one of those, I guess.

[Board Game Geek]

There's a very good quote about profit and sanity or vanity that would be good to expound right now. I can't remember what it was though.

[TheFaQQer]

better put, a company is in business to make a profit

I beg to differ.

"A company exists solely to make money for its shareholders".

is much better put that your attempt, milan.

[Mich the Tester]

I got me an MSc. They ain't all that...

Mine woz reelly 'ard, innit.

[ratewhore]

It's simply that when I look at the people I meet who have MBA's I struggle to believe that they have had to apply the same academic rigour as I apply to getting an MSc.

I got me an MSc. They ain't all that...

[Ruprect]

...I expect Daddy did his thesis for him

marked

[PM-Junkie]

I did a PGDip in Management of Manufacturing and Technology. It was mostly exam based with several hefty essays that I had to send in on pretty tough deadlines. One of the subjects I had to do was ‘Industrial History’. I was sceptical at first, but it turned out to provide perhaps the most useful lessons of all. Particulary the bit about the rise of Taylorism and the ‘ blue collar blues’ of the 70’s. I recently suggested to an MBA that his rigid application of process discipline to developers and testers was reminiscent of Taylorism and was part of a rising problem of ‘white collar blues’. Expecting an angry but educated answer, I was rather disappointed when he said ‘what’s Taylorism?’ He gets an MBA without knowing that?

...I expect Daddy did his thesis for him

[Mich the Tester]

you could change your forum name to "Mich the educated Tester"!

No, that would be immodest.

[MPwannadecentincome]

I’m a tester with an education instead of an MBA.

you could change your forum name to "Mich the educated Tester"!