here i'm not having a go at accountancy firms, but at companies whose business is to produce a non-financial product that are being led and whose business plan is driven by the short-term financial vision of an accountant rather than the vision of someone who understands the business they're in and knows what it takes to be successful in it - imo you'll find that the latter type of management have a good understanding of both the manufacturing and the financial aspects of their trade
a case in point : about 20 years ago i used to work for a company called Allied Steel & Wire
which mainly produced re-bar and steel wire, and had as its ultimate strategy to be "the lowest cost producer of rebar in the UK" - well that's as may be, but good luck one market penetration from countries like Spain, and later on from the far east started to bite
instead of making sure that amongst their product range there were a few hard-to-make, high-earning products, they went to buy a set of french wire drawers, and in order to fund this sold off their share in Scunthorpe Rod Mill back to British Steel - the latter produced rod for drawing into high quality wire for tyres, a far harder market to penetrate than you run of the mill chicken wire
in the end the words of a recruiter i once talked to proved rather prophetic - he described AS&W as "a company run by accountants who wouldn't know what to do with a metallurgist if their life depended on it"
and so it proved to be
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