tag:blogger.com,1999:blog-8358039.post3118644339981320816..comments2024-03-25T15:17:04.488-07:00Comments on Captain Capitalism: An MBA Gets His Head Out of His AssCaptain Capitalismhttp://www.blogger.com/profile/05620212946121617985noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-8358039.post-57848592770012416762013-09-16T13:57:09.988-07:002013-09-16T13:57:09.988-07:00Thanks for sharing, I liked your article.
If you h...Thanks for sharing, I liked your article.<br />If you had taken BlackBerry instead of BlueBerry, that would have been a big company...Cavegirl MBAhttps://www.blogger.com/profile/06700169252334893791noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-70720377114914636602013-09-16T04:43:13.116-07:002013-09-16T04:43:13.116-07:00He is probably one of the more aware MBA's, bu...He is probably one of the more aware MBA's, but the average MBA is pretty darn stupid.<br /><br />They believe in debt to grow a business, hostile to a free market in money, and think 'inflation is good'. <br /><br />Yes, this is what is churned out of every MBA school from allegedly great like the Chicago School to your lowest tier university.sth_txsnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-23728819559222279472013-09-15T21:08:34.163-07:002013-09-15T21:08:34.163-07:00Thanks for linking, Cappy. I think.
That MBA prog...Thanks for linking, Cappy. I think.<br /><br />That MBA program had a lot of small business owners as well as some corporate types. No preppies. Not much emphasis on case studies. A real emphasis on coherence - alignment of culture, business model, compensation, marketing - basically helping you think about how everything should fit together and operate with minimum heat loss.<br /><br />I grew up in a small town and my Dad was a public accountant. I watched businesses survive for years and had always thought it had to do mostly with frugality because the market size was limited, but when I started to write about the hardware store realized what a genius the 1954 owner was in developing customer loyalty and adding value while keeping costs low.<br /><br />Started that MBA program while employed and fifty years old. Managed to muddle my way to the highest GPA of a cohort of 180 so the profs must not have minded my eccentric thoughts.Paul Altonhttp://www.paulalton.comnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-56075497078056974512013-09-15T16:20:10.319-07:002013-09-15T16:20:10.319-07:00Huh, did we read the same article or did I just no...Huh, did we read the same article or did I just not understand your comment about it? <br /><br />The MBA who's site the article is on seems to get it. Don't spend money you don't have, don't run on credit. Obviously credit isn't always a bad thing but you have to know you can make enough margin to cover the cost of the credit and still have enough to live on. I see no indication he ever had his head up his ass. <br /> <br />Unless the 'preppy, brown-nosing, cookie-cutter MBA moron' talking about is the guy who took over the hardware store. <br /><br />I didn't see any indication that the various business owners were MBA's. - Actually the one who bought the wrecking yard when back to logging so - pretty much not MBA. <br /><br />Those were hardly glamor high power positions and that's what today's MBA is all about.<br /><br />color me confused.<br /><br /><br />Good article on how to not ruin a small business. Anonymoushttps://www.blogger.com/profile/00391535113209714025noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-85399047448418519252013-09-15T14:52:17.263-07:002013-09-15T14:52:17.263-07:00Very good piece and in small-town MN, I've see...Very good piece and in small-town MN, I've seen it happen - multiple times.<br /><br />Frugally keeping costs down, offering superior customer service and value, and staying out of debt are crucial in starting and keeping a business viable.<br /><br />I wonder how the MBA-program reacted to his report. Did his professors "get it"?<br /><br />My wife started a business, fortunately her business required no capital to start and has no plans to expand. She wanted to get into the conservator business - managing estates and court appointed administrator of trusts, but hasn't been able to break into that yet. <br /><br />She is now essentially a non-live in nanny for a mother-less family of 5 whose father works 6 days out of town and then 6 days off. It's terrible money, but because she has no capital investment, she's able to make some money.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-77109033984173284212013-09-15T13:41:47.993-07:002013-09-15T13:41:47.993-07:00Reminds me of that classic bit from Back to School...Reminds me of that classic bit from <i>Back to School</i> with the Economics professor:<br /><br /><a href="http://www.youtube.com/watch?v=YlVDGmjz7eM" rel="nofollow">http://www.youtube.com/watch?v=YlVDGmjz7eM</a>Amethystnoreply@blogger.com