My path. Seriously? I don't think anybody is confused by my use of my actual name here in the forums.
I wonder (though don't pretend to know best) if GB would have been in a better place today if they had just continued improving & selling the G1 & G2 boats, which, though they have their faults (doesn't every yacht?) have mostly been well received and well-proven. Perhaps the somewhat radical G3 & G4 series was too much expense & risk too early? And without a completely solid financial foundation behind them?
I think innovation is a better path than flogging an outdated design. I think Gunboat was doing all of the above, with an emphasis on the future.
For the record, I did not see Peter point to the development costs of G4 specifically as a reason. The "improvement" (here meaning point 1, the effort to lower costs, only followed by higher rework costs) of G2 (the 60's) was cited as a reason. I've seen the boats in question. Plenty to put right. I think Chris's comments above go a long way to describing the attitude and effort by the Gunboat team to fix issues with their products.
I am "affected" by this filing - having worked on the G3 improvements, the G4 engineering and G5 innovation. I could be bitter but I am more disappointed and to a degree hopeful.
Sales did not match expectations/needs, which is half of what Peter points to - see points 2 and 3. But, in summary, the path of innovation was correct.
If your path of innovation was correct there would be sales. That's a flawed business model.
Innovation has many forms. From pneumatic tires, to MP3 players, to hybrid cars, to gaming energy markets. Not heard many advocating for just selling what you always have, in a market that is moving forward.
Saying "flawed business model" on the back of a bankruptcy filing is not really taking a risk, is it? What would you have done with the Gunboat product line to steer a course for the period 2010 to 2020, Terrorvision?
Doug- it was a generic 'your' and in no way intended to reflect anything you have done. No offense intended in any way, shape or form.