Tuesday, December 23, 2008

When Industry Bubbles Pop

We shouldn’t be surprised that the auto industry is in a crisis. Many industries have formed a bubble and the bubble popped. History repeats itself over and over.

So the leaders of this industry have some tough choices to make. And they don’t have to make them in a vacuum. They can look at events in other industries and find out what the surviving companies did. Can they do the same thing or something similar to remain viable? Or are they going to continue to try to do the same thing they are doing now and run their companies into the ground?

Have they really been paying attention to the market? With so many people in danger of losing their homes, are they going to be buying a new car this year?

Something to think about,

Laura
Primary Parenting On Purpose
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