Sure, there is a balance to be struck between responding to every new shiny object that comes along and staying so welded to the old ways of doing things that you miss the market entirely.
Certainly, I too have seen the bright eyed bushy tailed bean counters come in and see the business entirely through the prism of financials without thinking about the value of market reputation, customer experience, employee retention and any number of other "soft" indicators that are very important.
As an aside, this started when the business schools started preaching the nonsense gospel that you didn't have to be an expert in product, customers, or industry to manage things, you just had to be a an expert manager. That meant all they taught was the one thing common to all businesses: Financials
Historically, the crown jewels of at least American business were run by people who had a passion for their business areas: Henry Ford, George Eastman, Andrew Carnegie, Thomas Watson, and more recently Bill Gates, Steve Jobs, and Elon Musk are all examples. The we're-smarter-than-everyone bunch in the universities decided that these people were all robber barons by various names, utterly ignored their tremendous contributions to US success. They proceeded to create a class of professional managers who couldn't pour piss out of a boot if the instructions were written on the heel.
Fortunately, this is starting to change. When businesses have to change at the speed of information, you have to be a domain expert to lead them. I think the pointy headed bunch in the schools are starting to get this.
Full disclosure, I have a Masters in a STEM field and the course work for a Ph.D. in a theoretical STEM area completed. So, I've seen the Academy up close for plenty of years. I thoroughly enjoyed graduate school and learned a bunch. But the folks in the business schools, law schools, and worse still, the fuzzy studies (things ending in "ology" or something "studies") never seemed to me to be learning all that much or demonstrating a lot of passion for the field. Hopefully, this too is changing.
P.S. If it were up to me, every single Bachelor's degree would have the usual 4 year requirement PLUS another 2 years of internship in the field of interest before the degree was granted. Apprenticing has a long and rewarding history in the trades and this should be carried into the university setting.