Forbes Columnist Jerry Flint outlines the reasons, and the solutions but the ultimate blame for the almost assured fall is:
But the blame has to fall on Detroit's executives. They didn't know enough about their own business to build better cars than the foreigners did, and they were unprepared for a change that was sure to come, sooner or later.
I blame the MBA-ization of American industry. Together with the education degree the MBA is a going to be the downfall of the USA. Both degrees are superficial treatments purporting to teach pupils 'how to' rather than a basal knowledge required to properly navigate their endeavors. Hence we have k-12 math teachers that know no math, industry managers that don't have the vision of their foreign counterparts. Outside of one year in the early 90's GM has never had a CEO that had experience in engineering, design, R&D, or manufacturing. They've all been bean counters, no car guys. GM is losing $1 billion a month with no end in sight. They just bean counted themselves to death. GM isn't the only American corporation that fits this mold, most do.
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