I am the next CEO of GM!
Submitted to TMF here...
1) Build cars that people want.
2) Become cost efficient without sacrificing quality.
3) Eliminate corporate and manufacturing redundancy.
How do I accomplish this? First, I sell everything GM owns that I can for a profit. Opel, Saab, Hummer, Saturn etc... I'll even sell the Chevy brand if I can profit from it. The only thing I won't sell is the Chevy Volt and I might cherry pick a few other models. Next I introduce the first commercial open source car, The Chevy Volt. I open up every piece of information that I have for the Volt. (Blueprints, computer software, part testing, etc) I negotiate with suppliers a royalty for every part that they sell independently and a higher royalty for every part I sell in one of my cars at a dealership. I invite anyone that wants to develop a part for the Volt to submit it for approval with the same conditions as my current suppliers. I've just taken the Google Android model and applied it to cars. A customer will be able to customize his car in infinite ways and control the price. My production costs are low because I only have to develop the initial platforms. Innovation is taken care of with the competition from suppliers. The key is to do it first, and be ready when others try to catch up. I will have much higher costs testing parts and software, but given the cost savings elsewhere and competitive advantage, it's worth it.
I had about 20 more ideas, but that was the best I could fit into 250 words.
Please give me feedback on my idea and try your own luck in the contest.