Re: Re: IH Failure - tractor building business in

Posted by Steve - IN on November 02, 2003 at 11:08:59 from (12.222.30.13):

In Reply to: Re: IH Failure - tractor building business in gene posted by Hugh MacKay on November 02, 2003 at 05:07:50:

Hugh,

So maybe the point is why does any outfit try to reinvent the wheel with 2 point hitches. Even managers totally removed could see there was already a standard in 3pts. My point was that 1. they were arrogant because they worked on Michigan Avenue instead of a small town. 2. They had sold their soul to money lenders in the temples on Wall Street - so they were pushed hard to squeeze out every bit of extra profit by trying a "lock in your customers' add on buys" strategy like the 2pt system just to service the huge debt loan the company was under.

Still, they could have done it had they been aggressive and truly owned the company. The obvious contrary example is "crazy (like a fox)" ol' Henry Ford who knew that to set a standard (like 3pt on N's) you needed huge economies of scale that gave you the ability to undercut the market and do huge unit sales volumes. The family at IH didn't own the outfit like Ford or Deere - so they ended up doing half baked short term sniping tactics.

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• Re: Re: Re: IH Failure - tractor building business Hugh MacKay 15:06:47 11/02/03 (0)

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