We know the why
We do not yet know exactly the how and when
It is very interesting to watch and see what will be the trigger to the
Also to see how it will happen
It is very interesting to see the former arrogance slowly changing and
knowing it is already too late and every measure taken is wrong and
It is like watching a bullfight and the bull is running around wild
with anger and can no longer make any revolutionary moves to save it
It can move around looking for targets to hit but gets ever weaker
The once mighty bull is no longer very powerful nor seeing clearly
The big question is if the remains will be used or just thrown away
after the public leaves
Unfortunately the public has already started leaving
Compared to what IBM was it is pretty dead now
IBM has sold off most of its factories and changed into a service
I do not see GM being able to do anything like that
Nobody wants to buy their factories
GM has already sold its finance and service arm
There is not much for GM left than let us who are interested in the
lifes of companies watch how and when it will die
Mike Marlow wrote:
You are working too hard to justify a distinction that does not exist. The
fact of the matter is that IBM was very much like GM in their corporate
philosophy and along came David with sling shot. IBM was dealt a humbling
blow and had to reinvent itself into something that was a combination of
their former self and a new, in demand self. That owes to the fact that
they had outlived their reign as king of the mountain, and if they were to
survive, they had to embrace the new demands of the computer world instead
of continuing to define what those demands would be. That is indeed, very
similar to where GM is today.
Maybe, and maybe not. It all depends on whether the right management gets
in there. Your ability to see whether they turn around or not has nothing
to do with GM's ability to do so. I will agree if you say that they still
have not demonstrated enough awareness of the changes they have to make, but
that is far from a shovel of dirt on their casket.
Nobody wanted to buy IBM's or Carrier's or..., or..., or...
So? You are looking at this with too short sighted an eye.
I can see you don't find yourself often accused of optimism.
I have to agree with Gosi's later post.
IBM is but a shadow of its previous embodiment..
They were very similar to GM in arrogance and philosophy, and while they
didnt disappear, they have certainly been humbled with reference to their
I disagree. IBM is a very successful leader in the industry. They are not
what they were at one time, but the world has changed and no company is what
IBM was. They realized the world was changing (later than they should
have), they embraced the change and emerged as one of the most formidable
leaders in that industry today. What does it matter that they are not the
same company that they were 40 years ago? Isn't that exactly the point?
So? Isn't *that* the point? Those companies that realize the world is
changing around them survive. No matter that they aren't a mirror image of
what they were. The changing world demands that they don't remain the same.
Somehow this thread and the thoughts about GM have gone the direction of a
changed GM is somehow a lesser good. Bull. A changed GM is a mandate and a
good thing. The world is past the days of "what's good for GM is good for
America". So they get humbled. Isn't that what everyone is saying that
Basicaly, we agree, Mike...
Some industries have to make drastic changes to stay alive. GM may be at
that point, as IBM was.
AT&T was. They got their cashews crumbled too, but
I doubt that anyone wants to see GM disappear from the
face of the earth. I certainly dont.
My parallel comparison would be with PanAm (Pan American Airlines) Back in
the 50s and 60s PanAm ruled the skies of the world with the 707. They got
huge and then gambled mightily on the 747 to expand their dominance. To
survive for their last 2 decades they had to sell off valuable assets just
to stay alive. They sold the reall estate (PanAm building, Intercontinental
Hotels) Asian routes, key European routes etc...
Once all of the valuable stuff was gone they could not stay in business. The
rest is history.
Is GM going down that path ? Sell off what is valuable to bring in the most
money and cutting off your own legs slowly ?
Perhaps they are. Time will tell. My point is not that they are doing all
the right things, but that their situation is very survivable, in contrast
to the "GM is dead and doesn't know it" mentality of some here. The future
of GM lies in the senior management of the company. I have no confidence in
that senior management at present, but that can be changed. We'll just have
Mike and Everyone,
Take a look at this article from this week's Autoextremist:
G.M. is doing something they should have done 10 years ago, finally
reversing the Roger Smith "homogination" process from the late 70s~
early 80s. About bloody time.
Mike, I think you (and I'll plead guilty to it too) have
underestimated Rick Wagoner. Yeh, he's not a "car guy" in the mold of
Ed Cole, Bill Mitchell or John DeLorean, but for a bean counter he has
come a long way.
G.M. is far from dead - maybe a little bit "Rip Van Winkle", but I
think he (meaning G.M.) has awakened from its slumber.
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