Description
Charles McMillan’s incisive analysis reveals how Boeing transformed from an industry pioneer known for groundbreaking aerospace engineering into a corporation dominated by financial engineering and short-term profit maximization. This book documents the institutional and cultural shifts that undermined the company’s legendary commitment to innovation and quality.
McMillan examines the key decisions, leadership changes, and market pressures that gradually eroded Boeing’s technological dominance. Through case studies and historical analysis, he demonstrates how the prioritization of financial metrics over engineering excellence created systemic vulnerabilities. The book explores the consequences of this transformation, including safety concerns, regulatory challenges, and reputational damage.
Part of the Elements in Reinventing Capitalism series, this work offers crucial lessons about corporate governance, the dangers of financialization, and the long-term costs of abandoning core competencies for short-term gains.
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