If my business was failing, the first thing I would review is the management, second would be if my product is competitive. General Motors is a good example of what a couple of changes can do for a company, change sometimes has to be embarrassing.
This morning via The Newark Advocate, an editorial outlined GM's success of a profitable quarter. GM is starting to pay back the government loans, no one has talked about all the funds given to GM that do not need to be paid back. I hope the celebration lasted a day and everyone is back to work making sure this quarter is just as successful.
"... One quarter does not, of course, a recovery make. It still is far from clear how long it will take to get to the point where the company is stable and profitable enough for the government to issue shares, sell it back to investors and recover as much as possible of taxpayers' huge involuntary investment in GM."
No comments:
Post a Comment