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How MBAs failed Boeing ? : Business Case study
If you fly by Akasa, spice jet or Air India express, you need to watch this episode very very carefully because Boeing aircrafts are in trouble!!! 5 years back if you remember, 2 boeing aircrafts crashed out of nowhere and sparked the biggest controversy of the decade!!! Both these aircrafts were Boeing 737 max and both of them crashed due to the manufacturing defect of boeing!!! And while most of us thought this to be yet another tragic incident and we let it go, what we dont realise is that, BOEING aircrafts are still experiencing disastrous incidents that will traumatise you forever!! Look at this, In January, their door plug blew off,then they found loose bolts on door plugs, then a month later, an aircraft tyre fell off and a boeing aircraft even reported a fuel leak!!! And imagine you being mid air, and your pilot tells you that your fuel is leaking, imagine your flight just about to land, you see your tyre just fall off!! Scary as hell right???Well unfortunately this is what is happening to boeing!!! In the past 10 years Boeing has seen 970 cases which has now put one of the greatest companies in human history at the verge of bankruptcy!!! But you know what is the most shocking fact all guys!! Once upon a time, Boeing was by far by far the most reliable, trusted and innovative brand for 80 long years!!! Infact, boeing was so trusted that, people used to say, if aint boeing i aint going!!! But After doing so well for 80 years, the business leaders of boeing made 1 big big mistake and that changed the fortunes of the company from a dreamrun to a nightmare!!! And as entrepreneurs, this is by far the biggest and the most common mistake that we all must avoid!!! The question is, How did boeing become the most successful company on earth only to become the biggest failure of the century?? What did the leaders of boeing do wrong, because of which they lost their reputation of 80 years with this one mistake? And most importantly, what are the lessons that we need to learn from the disastrous fall of boeing!!! Guys, to understand the fall of boeing, we first need to understand that there are 2 philosophies of running a business!!! And this is one of the most important thing that even my billionaire guests have told me at the podcast!! So listen to these wise lines very very carefully!!!