Swapping out products for an almost identical-looking Chinese copy made to order by some outsourcing factory. They think they'll be able to super-size their profit margins and people will keep buying their stuff. What they don't realise is that any old fool can order generic tools from China for pennies and their hollowed-out "design"-only office-based tool manufacturing company won't serve a purpose any longer.
Some years ago, the president of the company I worked for wrote a book on his management philosophy. In it, he noted that you should always be using your current job to leverage yourself into a better job and that if you were in the same position for more than 2 or 3 years, your career was stagnating. If that's a typical attitude for upper management (and I suspect it is), these folks are not making foolish mistakes. They are maximizing profit to leverage themselves into a better job somewhere else. If, after they move on, their former company craters, it's simply proof of how good they were.
This is the Locust Theory of Management (I just made that up). Eat out all the resources until they are gone, then move on to another company and plunder again. Also known as Other People's Money.
No wonder this mindset has become known as an empty fraud upon the nation, something appealing to the self-centered, psychopaths, and empty suits with MBAs. It's nothing more than legalized stealing in a rigged game. "There is no company without me, and life is a zero-sum game of winners and losers."
Big corp. execs think they're clever (Score:4, Interesting)
Re:Big corp. execs think they're clever (Score:5, Informative)
Re: (Score:1)
This is the Locust Theory of Management (I just made that up). Eat out all the resources until they are gone, then move on to another company and plunder again. Also known as Other People's Money.
No wonder this mindset has become known as an empty fraud upon the nation, something appealing to the self-centered, psychopaths, and empty suits with MBAs. It's nothing more than legalized stealing in a rigged game. "There is no company without me, and life is a zero-sum game of winners and losers."
It's an emp