In a world where size matters less and innovation and adaptability are 95 percent of business success, the company that succumbs to union demands for wages greater than the market will bear or for work rules that reduce agility and efficiency, will be vanquished by a swarm of competitors.
More Quotes from Peter Morici:
Don't look for big results. GM's current leadership is responsible for the woes at its North American operations. This is like moving around the chairs on the deck of the Titanic, ... bloated bureaucracy.Peter Morici
Higher oil prices and a strong dollar will push the trade deficit to new record highs, with the monthly trade deficit likely exceeding 75 billion by mid 2006.
Peter Morici
It means trouble for GM. They are going to have trouble moving as many vehicles as they did last year and their market share will continue to shrink.
Peter Morici
GM's 'employee discount' promotion established GM can sell vehicles if it sets prices at what consumers are willing to pay and makes those prices clear. Unfortunately, the public is not willing to pay what it costs to make GM cars and trucks.
Peter Morici
It's really the tale of two cities. For highly educated and highly skilled people, especially those who don't face competition from overseas, the job market is pretty good. For others, it's not so good.
Peter Morici
The AFL-CIO is an intellectual Jurassic Park.
Peter Morici
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Based on Topics: Business & Commerce Quotes, Success Quotes, World QuotesBased on Keywords: adaptability, succumbs, swarm
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