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A modern parable and some facts that speak against an auto bailout...

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A modern parable and some facts that speak against an auto bailout...

Old 11-26-2008, 06:19 AM
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CMP
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Default A modern parable and some facts that speak against an auto bailout...

A Japanese company ( Toyota ) and an American company (Ford Motors) decided
to have a canoe race on the Missouri River. Both teams practiced long and
hard to reach their peak performance before the race.

On the big day, the Japanese won by a mile.

The Americans, very discouraged and depressed, decided to investigate the
reason for the crushing defeat. A management team made up of senior
management was formed to investigate and recommend a ppropriate action.

Their conclusion was the Japanese had 8 people rowing and 1 person steering,
while the American team had 7 people steering and 2 people rowing.

Feeling a deeper study was in order; American management hired a consulting
company and paid them a large amount of money for a second opinion.

They advised, of course, that too many people were steering the boat, while
not enough people were rowing.

Not sure of how to utilize that information, but wanting to prevent another
loss to the Japanese, the rowing team's management structure was totally
reorganized to 4 steering supervisors, 2 area steering superintendents and
1 assistant superintendent steering manager.

They also implemented a new performance system that would give the 2 people
rowing the boat greater incentive to work harder. It was called the 'Rowing
Team Quality First Program,' with meetings, dinners and free pens for the
rowers. There was discussion of getting new paddles, canoes and other
equipment, extra vacation days for practices and bonuses. The pension
program was trimmed to 'equal the competition' and some of the resultant
savings were channeled into morale boosting programs and teamwork posters.

The next year the Japanese won by two miles.

Humiliated, the American management laid-o ff one rower, halted development
of a new canoe, sold all t! he paddl es, and canceled all capital
investments for new equipment. The money saved was distributed to the
Senior Executives as bonuses.

The next year, try as he might, the lone designated rower was unable to even
finish the race (having no paddles,) so he was laid off for unacceptable
performance, all canoe equipment was sold and the next year's racing team
was out-sourced to India.

Sadly, the End.

Here's something else to think about: Ford has spent the last thirty years
moving all its factories out of the US , claiming they can't make money
paying American wages.

TOYOTA has spent the last thirty years building more than a dozen plants
inside the US The last quarter's results:

TOYOTA makes 4 billion in profits while Ford racked up 9 billion in losses.

Ford folks are still scratching their heads, and collecting bonuses...

IF THIS WEREN'T SO TRUE IT MIGHT BE FUNNY
Old 11-26-2008, 12:22 PM
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Default Re: A modern parable and some facts that speak against an auto bailout...

The sky -has- fallen. The sky -has- fallen.
Old 11-26-2008, 04:59 PM
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Default Re: A modern parable and some facts that speak against an auto bailout...

That's perfect!
Old 11-26-2008, 05:08 PM
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Default Re: A modern parable and some facts that speak against an auto bailout...

Great post CMP!
Old 11-26-2008, 10:55 PM
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Default RE: A modern parable and some facts that speak against an auto bailout...

It is also a great description of our aircraft companies..................
Old 11-27-2008, 04:54 AM
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Default Re: A modern parable and some facts that speak against an auto bailout...

It's cycle, now I hope it starts getting better.
Old 11-27-2008, 09:52 AM
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Default Re: A modern parable and some facts that speak against an auto bailout...

C Dave - 11/27/2008 4:54 AM

It's cycle, now I hope it starts getting better.
Actually, its not a cycle for the Big 3.....they struggle to make a small amount of $$ when the economy is good, and teeter on the brink when things turn down. The root is a completely F-ed up business strategy, execution, and cost structure. Until they fix the problem, no economic rebound will help
Old 11-28-2008, 01:24 AM
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Default Re: A modern parable and some facts that speak against an auto bailout...

It appears that our business school grads are not as good as they think they are. Someone find a few 2 X 4s, please, and beat some sense into them - social responsibility IS a part of our capitalist system, and that's NOT something to scoff at.

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