Acme National is the world's largest machine tool equipment manufacture. Its success is based on the experience of its personnel. The majority of its department managers are 45 to 55 year old, non-degreed people who have come up through the ranks. Acme has just hire several engineers with bachelors' and masters' degrees to control the project management functions. Can this pose a problem. Are advanced-degreed people required because of the rapid rate of change of technology?