Something I said on another forum... if the current CEO kicked the bucket tomorrow and I were named his replacement, here's my playbook for improving the company's position:
1. Get the hell out of Damnyankeestan. Offer relocation assistance for employees, but shut down Hartford aside from whatever required for military contracts--turn much of it into a museum/"Gun Disneyland," maybe if a legal way can be found offer a "make YOUR own Single Action Army or 1911 on the historic Colt tooling" premium "experience" activity. Even then, automate as much as possible.
2. No more union shop--instead make shares a part of the compensation package so every employee is a part owner, and run things more like Toyota/Nissan/etc's auto plants in the South where everybody has a voice. Be visible on the floor occasionally running a machine myself, otherwise directly engage with employees as Alan Mulally did running Boeing Everett when his people worked like slaves for him because they knew he had their backs to the point that he would sacrifice his own bonuses to save as many of them as he could when Condit and Stonecipher wanted to fire everybody they could and then fire some more. (Traditionally BA rollouts have been insider-only events, but A.M. announced to everyone in the company that "if you get yourself and your family to Everett, we will make sure there is room for you to join the celebration and a hot lunch for everyone." Heck of a party, but I assisted with volunteer checkin and the vegetarian-option Boca Brats on the grill next tent still linger in my snotlocker all these decades later... but he went the extra mile trying to accommodate
3. Reduce outsourcing to only those things it makes sense to outsource. Things like inviting John Thomas's Retro Arms Works to spearhead the "Retro AR" line, finding someone similar to do the Retro 1911's.
4. Streamline the catalog--focus each line on a handful of core models to be offered every year, and have another handful of slots for things to be rotated in and out of production every year. (Using 1911s for example, the "core line" would be one each Blued and Stainless in Government, Commander and Officers sizes, the Combat Commander and a "basic plain-jane milspec" Government. WWI Repro, WWII Repro, nickeled .38 Super would be among the "rotators.")
5. Engage with the customer base at NRAAM, SHOT, etc for Market Research. Focus the "rotating production slots" on most demanded models, with the understanding that after one year in production every "rotator" model will be taking at least a year off.
6. Now that the AR is "open source," work with SAAMI, other manufacturers and the suppliers to establish a "TDP Compliance" working group governing industry standards to help weed out the Fly By Night garbage-builders--loudly add "Meets or Exceeds TDP Standards" on participants' certified models, and run an ad campaign stressing "if it's not good enough for us to put in our servicemembers' rifles, it's not good enough for us to put in YOURS." Same with the 1911.
After that, adjust and fine tune as needed.