You’re most probably aware that on June 1, General Motors filed for Chapter 11 protection from creditors, triggering “the biggest industrial bankruptcy in history”.
(There’s a good briefing in “The Economist” – “The Bankruptcy Of General Motors”.)
Hard to believe now, but GM was once seen as a paragon of managerial and business excellence.
Alfred Sloan’s “My Years With General Motors” is rightly seen a classic business book.
The marketing lessons it contains were reviewed by Jack Trout in chapter 2 of his book “Big Brands, Big Trouble”…
…and many of GM’s problems were the result of forgetting what had made them successful in the first place.
It’s a fascinating story…