They also often believe that anything they can think of must be easy - just a matter of a worker spending a little time. Or maybe an AI can do it.
Management rarely learns from group failures, because they naturally assume that since the project was “easy”, it must be a problem with the workers.
CEOs routines run companies into the ground and the switch to a new company, fist full of cash on the way out. Once in a while, one of those repeat failures ascends into politics.