Quote:
Originally Posted by xoxoxoBruce
No matter how good or bad it's intentions, without profit, it's gone.
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Which is why both GM and Chrysler went down. Both were only concerned with profits. Therefore they had none.
Meanwhile, William Clay Ford changed Ford's objectives. The product was more important. Therefore 10 years later, Ford has profits, an expectable of even better profits, and a management that continues to worry about the products - not the profit.
Management must choose which is important. When the product is always more important than the profits, then record profits result many years later.
What causes a company to lose money? Crap products. Losses always occur when a company does not worry first and foremost about its products. Not immediately. Both AT&T and GM were playing spread sheet games for 30 years. Making crappy products while constantly worrying about profits. Sometimes it takes that long for the spread sheets to report reality - when management uses lies and money games to cash in capital -to create mythical profits.