Yesterday, GM made official what what had been a reality for quite some time. It no longer was viable and could not remain counted among the successful auto manufacturing companies. With its heralded bankruptcy action came claims that "nothing would change" for the consumers - apparently to reassure a public who already has lost confidence in the once manufacturing giant.
Saying that nothing would change is to admit defeat. Everything had better change in that company. Nothing should be off-limits. Otherwise, there is no chance of recovery.
When you're on the ropes, it's sometimes convenient to talk big. However, there has to be something there to back it up.
All we have to back up a company that used to garner half of the auto business in this country is an infusion of taxpayer money - with promises of more to come - and a the assurance from our government that they will not let the company fail.
How can you force a company to succeed? How can you prevent failure? In a free market, you can't. You can only point the way. Clearly this is not a free market situation. This is not business as usual.
In the 101 years of its existence, don't we think that there were times when it had to reinvent itself, retool, revamp, hunker down, get tough, rebrand, reimerge, and refuse to give up? They lost their way. Clearly, their management failed them - and all those who invested in their company, relied upon it for employment, and trusted it for reliable transportantion.
Saying that nothing would change is to admit defeat. Everything had better change in that company. Nothing should be off-limits. Otherwise, there is no chance of recovery.
When you're on the ropes, it's sometimes convenient to talk big. However, there has to be something there to back it up.
All we have to back up a company that used to garner half of the auto business in this country is an infusion of taxpayer money - with promises of more to come - and a the assurance from our government that they will not let the company fail.
How can you force a company to succeed? How can you prevent failure? In a free market, you can't. You can only point the way. Clearly this is not a free market situation. This is not business as usual.
In the 101 years of its existence, don't we think that there were times when it had to reinvent itself, retool, revamp, hunker down, get tough, rebrand, reimerge, and refuse to give up? They lost their way. Clearly, their management failed them - and all those who invested in their company, relied upon it for employment, and trusted it for reliable transportantion.
For more information about my consulting, teaching, and coaching services visit my website at stevehoffacker.com. I also maintain a blog (Sales Quips) on the real estate network Active Rain, and you can begin participating in this great forum by visiting here. I also write and maintain blogs for Gold Coast SMC and Florida SMC. © 2009, Steve Hoffacker. All Rights Reserved.
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