Some days, I honestly think the MBA must have been a Soviet plot to destroy the West.
Amen. I have been thinking something like that for years. MBA programs are like pernicious cults. So many failures and yet MBA's just keep on hiring clones of themselves.
The idea that a company can be run by someone who knows nothing about what the company does is a prime example of MBA delusion. I know of a food manufacturing plant who hired an MBA whose previous experience was in running a train assembly plant. All he could do was to sit upstairs and stair at graphs. Meanwhile the plant function decayed and profitability disappeared. The person he replaced had started his career from the plant floor, and had run the plant profitably for many years. Bring in an MBA and within two years, the damage was done. He was fired.
The other obvious examples: Apple - started by Steve Jobs (not an MBA). Makes Schully (an MBA) CEO. Almost goes bankrupt. Rehires Steve Jobs and becomes one of the world's most successful companies.
Space X, Solar City, Tesla, Paypal started by Elon Musk (not an MBA). All four are remarkably successful and disruptive businesses.
The lesson: People who actually understand the nuts and bolts of the businesses they run make far better leaders than those who don't have a clue what their businesses do. Surprise, surprise.