Are Toyota and GE going through a cultural crisis?

The need for Collins' book became even more obvious this week as two of these "giants of performance" publicly faced scrutiny.  This week's Economist's front page shows a picture of a "Banana on wheels" with the title "Toyota slips up".  The Globe - one of Canada's top papers - provided coverage of GE's cultural crisis, quoting Immelt's new practices for getting a better pulse on the market.

What's your view on the change in fate of such admired companies?  Are there key business performance principles they missed?  Which ones do you think they should implement to turn it around?

Join the discussion on the Culture of Performance LinkedIn group @ http://tinyurl.com/o89vep

Best,

Bruno Aziza

Co-author, Drive Business Performance

Follow @ http://twitter.com/brunoaziza

Join on Facebook @ http://tinyurl.com/ykcwkap

References:

Economist leader's article @ http://www.economist.com/printedition/displayStory.cfm?Story_ID=15065913

Globe's article on GE @ http://www.theglobeandmail.com/report-on-business/jeffrey-immelt-cites-era-of-meanness-greed/article1394949/