"You need to give people the freedom to spend and the freedom to make mistakes," says Takeo Fukui, Honda's 61-year-old president. "If management oversight is too strong, then it's difficult to innovate."
"There's not a company on earth that better understands the culture of engineering."
Very interesting article in Forbes about engineering-dominated Honda vs. marketing-dominated automakers in the US.
This is generally true beyond car manufacturing - at most US companies marketing and finance rules, technology and manufacturing get outsourced.
Even in hi-tech, there are fewer and fewer engineers at on near the top - the trend started during the .COM boom when the geekish software companies got "integrated" into society as a legitimate make money fast industry, and it never really ended.
How many VPs did you see that are "proud of the smart people who are making all these great products", but are decidedly (and pointedly) not one of them?
We're now reaping the "rewards" of the culture where it's not smart to be smart...