A Modern Parable

"Somehow I don't think we will learn. We will continue to inflate CEO
salaries and golden parachutes, add high paid consultants and
lobbyists and whine about foreigners and foreign products."

Now here is a TON of wisdom....

A Modern Parable.

A Japanese company (Toyota ) and an American company (General Motors)
decided to have a canoe race on the Missouri River. Both teams
practiced long and hard to reach their peak performance before the
race.

On the big day, the Japanese won by a mile.

The Americans, very discouraged and depressed, decided to investigate
the reason for the crushing defeat. A management team made up of
senior management was formed to investigate and recommend appropriate
action. Their conclusion was the Japanese had 8 people rowing and 1
person steering, while the American team had 8 people steering and 1
person rowing.

Feeling a deeper study was in order, American management hired a
consulting company and paid them a large amount of money for a second
opinion. They advised, of course, that too many people were steering
the boat, while not enough people were rowing.

Not sure of how to utilize that information, but wanting to prevent
another loss to the Japanese, the rowing team's management structure
was totally reorganized to 4 steering supervisors, 3 area steering
superintendents and 1 assistant superintendent steering manager.

They also implemented a new performance system that would give the 1
person rowing the boat greater incentive to work harder. It was
called the "Rowing Team Quality First Program," with meetings, dinners
and free pens for the rower. There was discussion of getting new
paddles, canoes and other equipment, extra vacation days for practices
and bonuses.

The next year the Japanese won by two miles.

Humiliated, the American management laid off the rower for poor
performance, halted development of a new canoe, sold the paddles, and
canceled all capital investments for new equipment. The money saved
was distributed to the Senior Executives as bonuses and the next
year's racing team was out-sourced to India.

Sadly, the End.

Sad, but oh so true! Here's something else to think about: Ford has
spent the last thirty years moving all its factories out of the US,
claiming they can't make money paying American wages.

Toyota has spent the last thirty years building more than a dozen
plants inside the US. The last quarter's results: Toyota makes 4
billion in profits while Ford racked up 9 billion in losses. Ford
folks are still scratching their heads!

Life is really simple, but we insist on making it complicated. ---
Confucius