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"Dysfunctional", yes; "unrelated to the reality", no.
Of course there are good managers and marketers, the only problem is to find them among the mass.
The strips are fun because they express a reality, even if a bit dysfunctional and exaggerated, it is still the world were we live, and scarily true.
It's not like marketing magically removes soules, it's just that "flexible ethics" is what you learn on marketing school... so either you embrace it, or you leave it.
In the Dilbert world "everyone here" is "dysfunctional".
http://dilbert.com/strips/comic/1995-09-01
(Of course according to Dogbert, who laid out this fact, he himself is an exception to the universal dysfunctionality. But Dogbert's own dysfunction is his need to lord over others. If Dogbert is a really happy being then he must be a sociopath. He isn't though, which is why he continues to live with Dilbert...)
I have to say I have an in-law who liked business and art. So, she got a dual degree in business and art. And at first, it seemed natural that she would combine her interests in visual design and business, and go into marketing. Except that in her business curriculum she discovered marketing was basically highly competitive lying.
But I mean, this is mostly beside the point. Everyone comes off bad in Dilbert. E.g. not all manager/executives are clueless or evil. I haven't seen any posts wondering what the average manager thinks of this strip. I think some types of people may come off worse than others, but that could be attributed to the strip's perspective centered on that of engineers. If for example the main characters worked in marketing, there would probably be more strips about how clueless engineers are at communicating to non-technical people in the place of the strips about how technically illiterate marketeers are.
When I did my IT degree a friend working in consulting (this should have been my first clue) suggested I couple my degree with a business degree, majoring in marketing and international business.
Three of the courses provided conflicting facts which were to be taken as gospel (the only solution was to learn what the 'truth' was for each different subject. I guess an unintentional lesson on subjective reality and perspective), and the fresh-faced, preppy (and highly attractive) young business students were like... pod people.
Not exactly over-burdened by thoughts of ethics or morality. ...Or just thoughts in general, really.