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“Ten years ago our automobile giants seemed invincible.”

In Search of Excellence ()

https://www.nycp.com/gallery/BTomPeters_2_18_2013.jpg

HarperCollins

Tatjana Kalamar M.

“Ten years ago our automobile giants seemed invincible.”

If companies do not stay fit and relevant, they do not survive. In the broadest sense (albeit a very disconcerting one for most managements), that theory works all too well. Most of today‘s Fortune 500 were not there fifty years ago. All of the private sector‘s net new jobs in the United States during the past twenty years were added by companies not on the Fortune 1000 twenty years ago; but two thirds of the net new jobs came from companies with fewer than twenty employees twenty years ago. Ten years ago our automobile giants seemed invincible. Today we wonder whether more than one will survive.”

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