×
INTELLIGENT WORK FORUMS
FOR ENGINEERING PROFESSIONALS

Contact US

Log In

Come Join Us!

Are you an
Engineering professional?
Join Eng-Tips Forums!
  • Talk With Other Members
  • Be Notified Of Responses
    To Your Posts
  • Keyword Search
  • One-Click Access To Your
    Favorite Forums
  • Automated Signatures
    On Your Posts
  • Best Of All, It's Free!

*Eng-Tips's functionality depends on members receiving e-mail. By joining you are opting in to receive e-mail.

Posting Guidelines

Promoting, selling, recruiting, coursework and thesis posting is forbidden.

Students Click Here

We're MBAs, we can fix anything
7

We're MBAs, we can fix anything

RE: We're MBAs, we can fix anything

All start-ups have to thread a lot of needles, on the first try, to be successful.
Attributing failure to specific mistakes or broad categories - either the ones the Harvard prof identified in the article or the ones that prof sneered at - is probably oversimplifying the situation. Note that the prof isn't quoting the entrepreneurs as primary sources, but making a lot of statements of his own, without demonstrating that he actually ASKED THEM. The entrepreneurs themselves should be given a way to speak for themselves.

RE: We're MBAs, we can fix anything

Quote:

The entrepreneurs themselves should be given a way to speak for themselves.

The problem with that, of course, is how many of them are self-delusional; some problems can only be clearly seen from the outside. Secondly, the same self-delusion is part of the winning formula, since it takes absolute faith in success to overcome all those obstacles to that success in the first place.

TTFN (ta ta for now)
I can do absolutely anything. I'm an expert! https://www.youtube.com/watch?v=BKorP55Aqvg
FAQ731-376: Eng-Tips.com Forum Policies forum1529: Translation Assistance for Engineers Entire Forum list http://www.eng-tips.com/forumlist.cfm

RE: We're MBAs, we can fix anything

GregLocock,

I have been through some lean manufacturing training, and I have problems with the concept of lean startup.

Ideally, my new product idea involves esoteric technology that only I understand. The next best thing is patent protection, followed by being first to market. I have some capability to be stupid, disorganised and inefficient. The best case is that my competitors will have to wait for my patents to expire. I have some, possibly not very much, breathing space before I have to compete on price and quality.

I started work with a bleeding edge technology company. I was there as the technology increasingly mainstream, and the company grew into a medium sized manufacturing entity.

To start up, you need to know your product and your customer. You need to quickly learn lean methods.

--
JHG

RE: We're MBAs, we can fix anything

(OP)
The 'custom fit' apparel business is interesting to me, because my wife is interested in clothes, and has trouble finding exactly what she wants, which leads to many jolly hours in the posh clothes shops. She tried one of these startups, where you wear a one piece suit covered with dots and take pictures of yourself. The way it was written they then cut the cloth to suit your measurements. What really happened was they sent you the stuff that had been made already that more or less approximated to your measurements. That failed.

Cheers

Greg Locock


New here? Try reading these, they might help FAQ731-376: Eng-Tips.com Forum Policies http://eng-tips.com/market.cfm?

RE: We're MBAs, we can fix anything

Quote:

"neither founder had experience with clothing design and manufacturing"

The article said both were consultants, and a lack of experience is rather stereotypical of both consultants and startups so that is not surprising. Given their background and entry into one of the most competitive industries, I'd have been pretty surprised to hear that they succeeded. JMO after working with many startups and small companies, but I don't judge anybody with money. Business isnt really about competence or experience but rather the ability to bring in profit.

RE: We're MBAs, we can fix anything

4
Can't spell "dumbass" without "MBA".

RE: We're MBAs, we can fix anything

"We're MBAs, we can fix anything." So can veterinarians. smile

============
"Is it the only lesson of history that mankind is unteachable?"
--Winston S. Churchill

RE: We're MBAs, we can fix anything

3
It takes a MBA to run a company.
It takes a MBA to ruin a company.

Only a single letter difference. Both are true. But in my 40+ years of experience I've the last line occur far more times than the first.

RE: We're MBAs, we can fix anything

I love this thread .....

MJCronin
Sr. Process Engineer

RE: We're MBAs, we can fix anything

All generalizations aren't worth a damn, including this one!

Mike McCann, PE, SE (WA, HI)


RE: We're MBAs, we can fix anything

Quote ("We're MBAs, we can fix anything." So can veterinarians.)


and taxidermists... either way you get 'Fluffy' back...

Quote (Only a single letter difference. Both are true.)


and a spell chucker misses them both...

Rather than think climate change and the corona virus as science, think of it as the wrath of God. Feel any better?

-Dik

RE: We're MBAs, we can fix anything

Hehehehe...

Rather than think climate change and the corona virus as science, think of it as the wrath of God. Feel any better?

-Dik

RE: We're MBAs, we can fix anything

dik...

Yes, but to a veterinarian, "fix" has a special meaning.

============
"Is it the only lesson of history that mankind is unteachable?"
--Winston S. Churchill

RE: We're MBAs, we can fix anything

Quote (Yes, but to a veterinarian, "fix" has a special meaning.)


I was aware of that distinction prior to posting... done in humour... that's all.

Rather than think climate change and the corona virus as science, think of it as the wrath of God. Feel any better?

-Dik

Red Flag This Post

Please let us know here why this post is inappropriate. Reasons such as off-topic, duplicates, flames, illegal, vulgar, or students posting their homework.

Red Flag Submitted

Thank you for helping keep Eng-Tips Forums free from inappropriate posts.
The Eng-Tips staff will check this out and take appropriate action.

Reply To This Thread

Posting in the Eng-Tips forums is a member-only feature.

Click Here to join Eng-Tips and talk with other members! Already a Member? Login


Resources

Low-Volume Rapid Injection Molding With 3D Printed Molds
Learn methods and guidelines for using stereolithography (SLA) 3D printed molds in the injection molding process to lower costs and lead time. Discover how this hybrid manufacturing process enables on-demand mold fabrication to quickly produce small batches of thermoplastic parts. Download Now
Design for Additive Manufacturing (DfAM)
Examine how the principles of DfAM upend many of the long-standing rules around manufacturability - allowing engineers and designers to place a part’s function at the center of their design considerations. Download Now
Taking Control of Engineering Documents
This ebook covers tips for creating and managing workflows, security best practices and protection of intellectual property, Cloud vs. on-premise software solutions, CAD file management, compliance, and more. Download Now

Close Box

Join Eng-Tips® Today!

Join your peers on the Internet's largest technical engineering professional community.
It's easy to join and it's free.

Here's Why Members Love Eng-Tips Forums:

Register now while it's still free!

Already a member? Close this window and log in.

Join Us             Close