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Precision Castparts – “Senior management very inexperienced and their unwillingness to admit their lack of knowledge.”
Pros
One can learn What NOT to do to be a successful company.
Cons
Complete lack of REAL experience and industry knowledge on the part of senior management.
Advice to Senior Management
I would say get rid of the inexperienced senior managers, but that would mean most of the senior management in some divisions would be gone.