Well after a well deserved break for the holidays Developing Leaders returns with a new angle on leadership and an opportunity for you to get into the game.
Let’s talk about business leadership. Recently I was asked my opinion of General Motors and what I would do about their current challenges. I read on MSN today that they are evaluating their brands, Hummer in particular. Good thing I would say perhaps three years too late though. About four years ago I started to notice a lot of these aluminum bodied symbols of high end SUV. I am not sure I can properly describe my opinion of the brand so I will say no more on that. Around that time though I approached an H2 owner in a parking lot and asked in a friendly way, “how many miles per gallon does one of those get?” His answer: 6. “SIX man I thought it got at least ten.”
As I said in light of recent developments in oil cost you can understand why GM might be looking at options for this brand of vehicle.
Did you know that it the late 90’s GM stock traded as high as 89$ per share? I am no expert on things financial and I have no idea if they split the stock or not but seeing today’s value at $10.72 really speaks volumes to the challenge they face.
What is this institution to do? How do they reclaim their leadership role in the world of automotive manufacturers? If you were the CEO what would you do? What steps would you take?
I would love to hear your opinion…
In the coming days I will post my opinion on what can be done in answer to this question. In the meantime what is your opinion.