General Motors is on the verge of bankruptcy, and its’ executives are currently in the center of the current bailout controversy. In an examination of why GM finds itself in this predicament, consider assumptions that GM may have been making about their business environment that failed. In what ways were these assumptions load bearing and/or vulnerable? What, if anything did GM do to mitigate the risks associated with assumption failure? Were these hedging strategies, shaping strategies or both? If you believe that GM did nothing to mitigate risks what would you have done differently?