Thursday, March 5, 2009

Lead Change or Fail to Survive

GM announced today it has real concerns about its going-concern. In other words, they don’t think they going to make it.

Imagine, a mainstay of the American economy, gone. Seemingly just like that. If we were investors, we would take about how smart it is to buy big, strong blue chip stock and forget about it. That is the smart way to invest. Well, if you bought GM back in the 70s and held until today, you made no money. In fact, you lost plenty.

It is appropriate for a manager to reflect in Peter Drucker’s advice on leading change. He tells us that those who manage change will not survive; that once we release our products they begin to die; that the only way to survive is to lead change and create the future we want.

Perhaps GM did not read Drucker.

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