4 Dec, 2008
5 Lessons IT Can Learn From Detroit
Having grown up around the automotive industry, I can’t help but shake my head in disbelief to see the Big Three CEOs begging Congress for cash to save GM, Ford, and Chrysler. From the headlines, it appears the American car companies are suffering from the recession and recent high gas prices. But America’s automotive industry has been in decline for decades, and we’ve bailed them out before, only to see them build bigger, gas guzzling trucks and cars and ignore the global economic and consumer trends that the Japanese, Koreans and Germans embraced.
I clearly remember when Lee Iacocca was in Washington in the late 1970’s with bowl in hand, arguing why the US could not let Chrysler fail. So, more than a billion dollars was poured into the company then and more over the years. And here we are again.
While Silicon Valley is much younger than Motorcity, a similar fate could befall any industry, and we should take note and learn from Detroit. Here are five lessons the IT industry can learn from the Detroit debacle:

