I read a book named: The Leadership Genius of Alfred P. Sloan by Allyn Freeman. This book is a classic modern management. It introduces how Sloan modernized General Motors’ management and how we can apply those techniques.
Many people talk about Sloan's ideas in terms of data-based, open discussion, talent-based, power-centralized, democratic decision-making, but what I am interested in is: what is the basis for Slan's success? That is, he helped GM defeated Ford during the year 1920-1936, raising GM's market share of 358%. Here is Sloan's way: he found Ford's flaw was no choices for colors, styles, and prices. Thus he encouraged multi-function and varied prices so that customers are willing to pay for their freedom to choose. Also, he optimized corporate structure with democracy, different with what it was at Ford. What is this history telling us? We need to analyze your rival's flaws, consider which as mirrors, and increase chances of success.
The second thing I find interesting is, he realized there are four things would change the way how people buy cars during the 1920's: credit, trade-ins, auto bodies and the annual introduction of new models. He found that the U.S. was becoming a consumer society at that time. What is this history telling us? Nowadays China is also at the transition point toward a consumer society, thus its local automakers could grip this chance.
We learn lessons from history, with purposes of avoiding mistakes and moving forward.