The AI team takes a deep dive into an unpublished manuscript, written by an anonymous engineer, which presents a critical analysis of the "Formal Systems Engineering Process" (FSEP) prevalent in the older, large-scale aerospace and defense contracting industries. The author argues that FSEP, combined with an ideology called "Managerialism," fosters an inefficient, top-down bureaucratic culture that stifles innovation and leads to high costs and reduced reliability. This system, characterized by excessive reliance on formal requirements, spreadsheets, micromanagement, and favoritism, is contrasted with the more effective, meritocratic, and flexible "Agile" methodologies used by Silicon Valley and "NewSpace" companies, which empower design specialists. The source concludes with extensive recommendations for both companies and government agencies to abandon FSEP in favor of decentralized, expertise-driven approaches to improve performance and competitiveness.