The earnings at the New York Times fall by 82%. Ford posts a $8.7 billion dollar loss - the message is clear - that the old way of doing business is broken.
Many senior folks at Ford keep telling Alan Mulally, CEO of Ford, to keep the focus on SUV's and Trucks. He keeps telling them that only 15% of the world market is there. They retort that there is no money in small vehicles. He reminds them that the rest of the industry and the clients are there and that they have to find a way. They resist. Now Armageddon.
Large farmers on PEI say there is no money in small local farms and that they only need a bailout to get back to making money.
News directors in Public Radio tell Jeff Jarvis and Terry Heaton that the web is a sideshow.
BIg Oil tell America that all they need is to drill more in Alaska.
Many think that they can cut there way to profit:
“Everybody says cut and cut some more, but how are we going to sustain this company?” Mr. Mulally said in one meeting in his office on the 12th floor of Ford headquarters, according to people in attendance. “What does a sustainable Ford look like, gentlemen?”
Enough already! Wil E is over the cliff edge and now gravity is pulling him down. The Tipping Point has arrived.
Isn't our attachment to the old our worst attribute. It seems to take a heroic effort by a few leaders like Mulally to wrench an organization into reality. No wonder most fail.
This is no time now accept half measures. You are on firm groind to you are falling to the canyon below.
