Finance, accounting etc. are also considered technical skills within the industry - they are not technology-related, but they are hard skills.
And I'm not objecting these. As said before, they are vital *especially* for techies who often enough make bad businessmen, either due to a lack of interest or just a wrong perspective. And even if not, they do need accounting and finance to properly rate how their company is doing and see where things are possibly going wrong.
However, this can be also been overdone -- like unfortunately it is today where hardly any long-term perspective counts but just quarterly numbers and how much the shareholder value can be risen. In more sane times it counted that the company had a long-term perspective and was profitable. There was not this mathematically nonsensical idea that a company could increase sales by n% per year. Even less there was this idea that the quarterly numbers could be boosted by just firing a bunch of people which looked good in the books (saved money), but in the end kills the company. Once you start playing that game, it's definitely not the best and brightest who stay til the end.
A recent example of this game is Agere Systems. Spun off from Bell Labs with about 18.500 employees in 2001. In 2003 the numbers were cut down drastically for "concentrating on the core business". Just 6 months after that nonsense started, even the internal research dept was nixed. By 8/2003 there were only 5500 people left, another 4 months later 3500.
What remained (IIRC about 1500 people) was later acquired by LSI Logic.
Quite some fate for originally one of the finest research labs.
But, then, research labs have awful quarterly numbers. All these costs, costs, costs and no revenue... Cause of course the commercialization of eventual findings is done by a different company division. And look how great *they* perform. Hardly any cost, but so much revenue!
a lot of the best people in a lot of these professions act by feel,
Which is completely fine! Another word for this would be "talent". And no matter how hard and long John Dow works, how many hours per week he robots, he will *never* match someone truly talented.
And I have no idea what business studies you are talking about, unless you are equating every non-technical class to be a business studies class (whatever that may entail).
Might be a language clash here as I'm no native speaker and had to look up proper translations for "Betriebswirtschaftslehre (BWL)" (which according to dict.leo.org is "business studies") and "Volkswirtschaftslehre (VWL)" (translated as "economics").
Anyone?