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Even though General Motors had been experiencing some difficult times during the last few years, including mismanagement with regards to executives, the recent announcement of bankruptcy still sent shock waves through the country. After all, General Motors had been a symbol of American innovation for decades.
In March of this year, shortly after the U.S. president ordered CEO Rick Wagoner to be fired from his position in General Motors, GM Fritz Henderson assumed his position at the helm. Unfortunately for Wagoner, his attempts at restructuring the company after receiving numerous loans and bailouts didn't work, and as a result, the task was handed over to GM Fritz Henderson, not to mention that he was also unable to save the company from collapse. Quite understandably, many people are wondering why the task was handed to Henderson in the first place, considering he had been vice president at that time when General Motors applied for bankruptcy.
Why Did General Motors End Up Going Bankrupt? To a great extent, one can say that "planned obsolescence" played a major role in General Motors losing a substantial amount of money during the past ten years. In an attempt to stimulate the market for new you vehicles, General Motors came up with a concept known as, "planned obsolescence". Essentially, this was a design concept to insure that a vehicle would only last for a limited amount of time or miles before needing to be replaced. Considering that imported vehicles were known to last beyond 200,000 miles, building a car not to last was by all accounts a poor concept.
Failure to recognize market trends regarding fuel consumption was another leading factor with regards to GM's bankruptcy. Practically all GM's cars were heavy on gas , essentially because General Motors produced mainly large cars or sports models, and while many people favored these cars in the past, the ever increasing price of oil soon resulted in a different trend where people were opting for cars which use less gas. Before long, General Motors found themselves in a position when they simply couldn't move enough cars.
There were additional problems GM faced and GM Fritz Henderson, Wagoner, and other executives were simply ineffectual in terms of their ability to handle these problems. The company was losing money from collapsing sales. Losses started to rise into the double digit billions. The company was quickly heading to insolvency.
These problems were compounded by various poor managerial decisions. Namely, a joint venture with Nissan and Renault proved disastrous. General Motors also poorly negotiated union contracts it was not able to afford. These problems further drained the company making a turnaround far too difficult.
While many people still wonder what GM Fritz Henderson, Wagoner and the others did in order to cope with the problems, an answer remains elusive because the truth is, no fixed plan was ever implemented. Even attempts to sell the European wing were a failure which resulted in further losses. In the end the company arrived at a decision to accept a Federal government bailout in order to avoid the bankruptcy court. However, this also failed to work and General Motors simply couldn't avoid filing for bankruptcy. In essence, this spelt the end for General Motors and ironically, it ties in perfectly with the start of GM Fritz Henderson as CEO.
To a great extent, the end of General Motors was a bittersweet event, considering that the bankruptcy still allows the company to exist, even though it's a far cry of its former self. Funnily enough, instead of General Motors, it has now been dubbed "Government Motors" instead, thus officially putting an end to any era.
About the Author:
Do you think the bankruptcy may have been avoided had different steps been taken? Tell me your opinions by just visiting here. You may access my Facebook or blog at the bottom of the website. For those wanting to work at home legitimately earning six and seven figures you must see this amazing opportunity!
Before you can have a successful home based business, you must first possess 3
"intangibles." These are things that must come from WITHIN you.
===> Intangible 1 <===
First, you must have a strong WHY.
Why MUST you have a successful home business? What is driving you? What is it that you CAN'T have in your life anymore and/or what is it that you absolutely MUST HAVE now?
For me, I couldn't stand working 12+ hours a day anymore and missing the experience of my children growing up. I also absolutely HAD TO HAVE the freedom of being able to control my life and finances through a little box (laptop computer) that I could carry with me anywhere in the world and not be tied to anyone's time pressures or demands but my own. That was my carrot and my stick. I felt a great pain deep in my gut of missing out on my children's lives and the incredible freedom that succeeding in a home based business would provide for me. I found my why. You MUST find yours.
===> Intangible 2 <===
You must BELIEVE that it is possible.
If you don't believe that it's POSSIBLE for you to have a successful home based business or make your living from home, you won't. It's that simple.
For me, figuring out that it was possible was just a matter of realizing that many other people were ALREADY making great money working from home. If they could do it, I could too. It would just be a matter of figuring out what those people were doing and then adapting it to my situation.
There is no shortage of undeniable PROOF that people (millions of them) are making money working from home. Just get online
and do some research and you'll find countless testimonials and stories of REAL PEOPLE making real money on the Internet. Or head to your local bookstore and you'll find the same documented evidence of this fact. Truth is, it's getting easier and easier to make money with your own home based business.
I've always said that "affiliate marketing" (a simple way to make money from home) is the job of the future. In the
"old" days, you had to go to a potential employer, apply for the position and hope for the best. Now you can simply go to any company
you want, fill out their affiliate application and start work immediately. Affiliates are the new working class. In fact, making
money with affiliate programs or making your living on the Internet is WAY MORE than possible. It is pretty much (or will be soon enough) unavoidable now. Affiliate marketing is the "job" of the future that's already here TODAY.
===> Intangible 3 <===
You must be willing to MAKE THE LEAP.
Ready, FIRE, then aim... This is the operating philosophy you MUST adopt to succeed with a home based business.
That's backwards for most people who like to aim before they fire. The fact is that home based business success is a moving target... The only thing constant about it is change. You need to stop analyzing the game and simply jump into it. You can't learn from the outside... You have to be IN THE RING to truly understand it.
The lesson here is that you will never really be READY to start a home based business. You simply have to start one. It's like having children... You're never really ready, but when it happens you adapt and grow. This is what I call "Making the Leap."
The good news is that the cost of failure with having your own home based business is very small. In the "brick and mortar"
world you need to evaluate things very carefully before you decide to open up a business. It's almost always necessary to invest thousands of dollars to get an offline business off the ground. However, on the Internet you can often start a successful business for less than $100. The Plug-In Profit Site is a great example of this:
http://www.PlugInProfitSite.com/main-21753
You simply need to get IN THE GAME... Each moment that you stay "out there," you're wasting valuable time that you could be learning and skills necessary to build a successful home based business. In fact, if you're not in the game yet, you're ALREADY behind the times. Make the leap to creating a successful home based business today!
About the Author:
Stone Evans, The Home Biz Guy has helped thousands of people in over 200 countries around the world start and run a successful home business. Discover 3 easy steps to start your own home business and subscribe to The Home Biz Guy'sFREE Home Business Secrets Mini-Course at: http://www.PlugInProfitSite.com/main-21753
Tested & Proven Home Based Business Opportunities
Plug-In Profit Site
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Host4Profit
"Sooner or later everyone realizes that they must have their own domain name. However, who you get to host that domain makes all the difference in the world. Most hosts simply provide you with space and that's that. You're on your own when it comes to making your new site profitable. Host4Profit.com has changed all that. We turn a necessity into a profit machine." [visit site!]
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