> no matter how many smart people you hire, and how many nice frameworks are used - if the organization and processes are not in order, you will keep losing time and money.

I disagree.

In my experience hiring the right people limits the need for organization and process. Obviously you can't eliminate those completely but if you hire the right people your org will generally succeed in spite of a lack of organization and process.

I find the larger problem is how most engineers define "smart people" - they typically only mean someone with a high technical aptitude when really things like communication skills, collaboration, motivation, etc. are better indicators success on a software team.