WEEKEND READING

Posted in Quick Hits on January 31st, 2009 by Ed

This is extremely long but well worth the hour it will take you to read. It explains in painstaking detail exactly what brought GM, America's industrial titan, to its knees. I'll give you a hint: it doesn't involve the phrase "labor costs." The questions at the end emphasize the value of the GM story as a cautionary tale in business schools.