Someone suggested that we all pitch in and buy Gibson. After all we're done giving ourselves guitars, what would we do? how would you run the company?
I'd leave Nasville alone, tweak Epiphone, and start a 3rd division if it doesn't exist already.
The Gibsons should always be the top-of-the-line, made in the USA guitars. Period. I wouldn't touch their regular production line, or their prices. (Sorry folks, but that's my opinion on it.) In fact, I'd probably do away with a lot of the studio and faded models and the base, low-end guitar would be a regular SG, Explorer, or Flying V. The Standard would be the base model Les Paul. I'd also ditch the 10,000 flavors as well. And instead of this, I'd open it up for custom paint jobs and designs. I suspect overall Gibson sales would drop, but between keeping them occupied with Epiphone QC issues, I think it would be a step in the right direction.
I'd massively overhaul Epiphone though, and try to make it more of a marquee brand while putting the prices slightly under those of Gibson. I'd readjust their primary focus on archtops and top of the line Gibson clones. For those I would copy what Prestige guitars is doing now....wood selected and cut in the USA, then they would be shipped over to Korea or yes, even Qingdao for assembly, then they would come back to the US for final inspection and QC. The prices for the gear would remain relatively the same, but I'd also reduce the amount of models made and steamline choices as well with more LE runs with special graphics or color designs. Furthermore, I'd really go after the aftermarket modding crowd and ensure that Gibson/Pure parts fit directly into Epiphones with minimal effort by the customer (no hole drilling, and the rings, bridges, pickguards, and all components would be interchangeable between Gibson and Epiphone.)
And, for the cheap stuff (everything up to a glue-through Studio model), I'd start a third division that specialized in cheap guitars with a direct order online option. In this instance I would hope to compete with outfits like Rondo music in terms of prices...these guitars would be made exclusively overseas, and although some models would be available in stores, I would also allow mom and pop stores to carrry these and in return ask for a minimal return rate, and I would open up the aftermarket parts section.
In fact...that is where I would seek to expand business the most...aftermarket parts. I also know that there are a LOT of used Gibsons out there as well as Epiphones, and I would push for every opportunity to undercut all other aftermarket parts makers with Gibson/Pure parts if possible.
So, long and short...
1. Raise the marquee status of Gibson even higher....(bottom line: Gibson is the best electric guitar you can buy....)
2. Dramatically increase the quality of Epiphones...
3. Create a third division to sell student and budget guitars...
4. Make dramatic improvements towards sales and marketing with aftermarket parts and accessories.