1. Diversify. Henry’s been doing this, but poorly. The future is in DJ, producing and electronic music. Go there.
2. Improve quality. Those top-line guitars must be flawless. LPs, 335s, 175s, SGs. Raise prices if need be to do it.
3. Fix engineering issues. The headstock joint for one. The headstock angle for another.
4. Create a modest-price Gibson line. The money is in the masses. Gibson needs market where here. Nope, not Epiphone, Gibson. Make them in Korea, Mexico or Indonesia. Fender, PRS and Ibanez do this well. That Gibson brand has value, more than Epiphone; milk it.
5. Create new guitars. Not the stupid designs they seem to come up with, but 7- and 8-string electric guitars. They’ve got nothing in this space. Maybe basses, too — maybe.
6. Streamline the brand. Clear out the redundant versions.
7. Let Epiphone be Epiphone. They’ve had success here — the Jack Cassidy bass, the Wilshire guitar. Pare down the Gibson copies, and move those sales to a higher-priced Gibson import. Similarly, recapture the heratige of Tobias and Kramer and make them compete in the market.
8. Create a guitar music association. With Fender, PRS, Music Man, Ibanez and others, promote live and recorded guitar music.
9. Film, TV and cable product placement. Sponsor cool characters that play the guitar.
10. Sell direct. Double the margins and stop financing Guitar Center’s debt. Maybe open Gibson stores (like the Apple Store and the Nike Store).