GM Is it too late to turn the drums and save the brakes?

What were they thinking in the Mahogany Row executive Board Rooms of General Motors in Detroit? What went wrong? Did their executive staff miss a turn signal or proceed through a red light that warned them of a changing marketplace?

Having just received my latest copy of Imprimis from Hillsdale College in Michigan let me share some of the featured content with Juice readers. The front page title reads “How Detroit ‘s Automakers Went from Kings of the Road to Roadkill.”  Some heavy words.

The article reads in part that “GM is an institution that survived in its early years the kind of management turbulence we’ve come to associate with particularly chaotic Internet startups. But with Alfred P. Sloan in charge, GM settled down to become the very model of the modern corporation. It navigated through the Great Depression, and negotiated the transition from producing tanks and other military material during World War II to peacetime production of cars and trucks. It was global before global was cool, as its current chairman used to say. By the mid-1950s the company was the symbol of American industrial power—the largest industrial corporation in the world.”

The article goes on to ask the $64,000 question. “How does a juggernaut like this become the basket case that we see before us today?”
Now for a twist. Rather than provide the author’s “five factors that contributed to the current crisis” I challenge each of you to provide your own reasons. You can surely read the entire report as provided in the following link to see if you agree with the guest speaker. Let’s see what feedback we get.

To read the entire speech simply go to the following link:

http://www.hillsdale.edu/news/imprimis.asp

FYI. The school web site is hillsdale.edu

About Larry Gilbert