Auto industry Quote by Simon Mainwaring
“Often motivated by a desire to maintain the existing status quo, sloth almost cost the U.S. its auto industry, as it refused for decades to build fuel-efficient cars to compete with Japanese, Korean and European imports.”
About This Quote
Source Article: “The Cost of Sloth in the U.S. Auto Industry,” 2019
Complacency and resistance to change nearly caused the U.S. auto sector to fall behind global competitors.
In simple terms: Stubbornness hurt U.S. auto industry.
Key Takeaway
Embrace innovation and efficiency.
Themes
industry
innovation
competition
Mood
critical
analytical
Type
historical
strategic
When to use this quote
- automotive design
- policy making
- business strategy
Key Concepts
strategic inertia
global market
technology adoption
Questions to Reflect On
- What barriers prevent adopting new tech?
- How can accountability balance tradition and innovation?
A Different Perspective
Change can be costly and risky.
![“Look at what I am proposing, and we [wih Bernie Sanders] have a vigorous agreement here. We both want to reign in the excesses of Wall Street. I also want to reign in the excesses of Johnson Controls that we bailed out when they were an autoparts company, and we saved the auto industry, and now…” quote by Hillary Clinton](https://sms4smile.com/quotes/img-quotes/ea8/hillary-clinton-51_agreement_look-at-what-i-am-proposing-and-we-wih-b_49820.jpg)
