Why Are So Many "CEOs" Engineers?
Have you ever wondered why the CEOs of many large companies are engineers? Amazon and Blue Origin CEO Jeff Bezos, Apple's Tim Cook, Microsoft's Satya Nadella or Google's Sundar Pichai, AMD's Lisa Su, General Motors' Mary Barra and NVIDIA's Jensen Huang. All of these names I have listed have one thing in common. They are engineers. Normally, company CEOs are chosen among those studying business or doing an MBA. If you say what is this MBA, it stands for Master of Business Administration, that is, master of business administration. Recently, however, the world's largest companies seem to have changed their managerial preferences. There is now an important detail in the list of the world's 100 best CEOs published by Harvard. More CEOs with an engineering degree outnumber CEOs with a Business degree. Although they are a minority, some of these engineers have both engineering and MBA degrees. Elon Musk said in an interview with the Wall Street newspaper that CEOs should not be chosen from business studies. Because he thinks that executives with Business Administration degrees spend too much time in board meetings and focus on the process rather than the product. According to him, entrepreneurs like to think about finance issues rather than solution-oriented issues. The basic idea here is: It is easier to teach business to engineers than to teach engineering to businessmen. Businesses are good at selling the product, but not very good at making a good product. Engineers, on the other hand, are seen in a structure that can make good products but do not market it well. However, in today's technology age, if the product is good, it will create its own demand and will be easily sold. This will increase your profit. Autonomous life, artificial intelligence, metaverse, all these are future issues that require technical knowledge and competence. And in such an environment, it's no surprise that engineers have risen to the top of an explosive growth tech industry.
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00:00 Intro
01:09 Elon Musk
03:11 Satya Nadella
03:58 Steve Ballmer
04:13 Liberation of Microsoft
05:15 James Dyson
06:15 Jeff Bezos
07:05 Jeffrey Sprecher
07:53 Turkish CEOs
08:34 Outro