Are you equivocating the management policies of a corporation to the regulation by bureaucracies?
If so, it doesn’t work on many levels at all. You cannot run a government institution like a business or vice versa. It’s been tried, and, as usual, the bureaucracies simply twisted the intent and applied business thinking to all the wrong parts.
Strangely though, they both respond well to losing income. What the FAA needs is to lose some parts of itself and a chunk of funding along with having a serious overhaul and house cleaning.
Just like most of our bureaucracies.