I think this is a recommendation worth considering. The key insight comes from Professor Clayton Christensen’s disruptive innovation theory. When a product’s key performance does not yet meet the consumers’ standard, the best company is likely to be integrated because improving that product performance is the key factor to win customers. When that product performance of most companies largely meets consumer standard, the most competitive company is likely to be disintegrated, to compete rather on speed, design diversity, etc.
I would think the auto industry is in the latter stage, despite all the talks regarding big 3’s quality issues, etc. Then, Michael is right. There may be some quality issues, but I wonder whether that is the defining characteristic of the industry.
Or think about it by division, if you are worried about an overall change.
3 years ago