According to leading economists the recession ended in June of 2009. Has your company noticed any improvement yet?
These are tough times, in particular here in the Midwest. To get your business back on track you can’t afford to sit back hoping for good old times to return. You have to take charge and develop a strategy that set the road map for your business. Expecting different results from the same old approach to business does not work. You have to embrace change, fundamentally rethink your business, and set a new course.
Too many companies dependent on the automotive industry failed to see the fundamental, structural changes taking place in their industry. GM’s market share has been declining for more than twenty years. Suppliers that are only now beginning to think about diversification and reducing their dependence on the automotive industry are far behind the curve. Why couldn’t they see the trend earlier? Why didn’t they change before it was too late?