...Assignment 4: Automotive Production Levels General Motors Shelia Lott Eco 550 - Managerial Economics and Globalization Dr. John Ilokwu Ph.D. September 5, 2012 General Motors Company General Motors Corporation (GM) is the largest company in an industry that has a major impact on the American economy and in the world. GM has led the auto industry in innovation and for most of the 20th century. From 1931 to 2008 GM led in the industry only to be surpassed by Toyota in 2008. After major cutbacks for over two years, GM found itself at the brink of bankruptcy and accepted government financial assistance and plan for debt reconstruction and recovery. Under this plan, brands Chevrolet, Cadillac, and GMC became the base brands for General Motors Company. General Motors sales cars in 31 countries, these brands also include Opel, Holden, and Vauxhall. The law of demand states that the higher the price of a good or service, the less likely will people have a demand for that good or service with all other factors being constant. As a result the higher priced a GM product the less quantity demand by the consumer. A picture of this would indicate a downward slope in the demand curve. The law of supply states that quantities sold at a higher price will cause an upward slope in the curve and unlike the demand curve the price will remain high because this will increase revenue. In the example to the Chevrolet Camaro a slack in production may increase the price even...
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...General Motors Sample Case Study Next Generation C hevrolet Instructions You have 1 hour and 30 minutes to complete the case below, which involves building an Excel model and preparing a written memo. You will walk through your analysis as part of the interview process. The GM team will ensure your case material makes its way to the proper interview room. By the end of the allotted time, you should: Write a memo in Word no longer than one page outlining your analysis of the case problem and your recommendation Be prepared to walk your interviewers through your Excel model and present your recommendation (you can use either the Excel or the Word document as back up for your discussion; no need to prepare a Powerpoint presentation).The discussion of the case with Q &A will take approxi mately 30 minutes. Type your name in top left corner of both the E xcel and Word document Save the E xcel and Word document on your desktop with the following name: C ase Background It is January 2010 and General Motors is considering the development of the next generation full-size family sedan. ,a Full-size sedans are a mainstay in the American market. According to the US government classification, a fullAdoption of the term necessitated by an increasingly larger variability of car sizes and body styles. Full-size sedan segment size fluctuated significantly over the last 50 years. sales negatively, and so did the introduction of many other family, such...
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...Competitive Strategies Case Study Assignment 2 STUDENT NAME: Professor: Dr. Wright BUS 508: Contemporary Business Raleigh, NC May 5, 2013 Determine how each corporate differs from the other The corporate cultures of the two companies are very different. One example. GM pulled its ads from Face book. Ford is doing more with Facebook. Another, GM bailed out by the government, Ford weathered the storm. The social media strategy of each company is extremely interesting. GM is going to go the traditional route. Ford has embraced the tools of social media to connect with its customers. I think that gives Ford a competitive edge. General Motors Company is an American multinational automotive corporation headquartered in Detroit, Michigan, and among the world's largest automakers by vehicle unit sales, employing 202,000 people and doing business in some 157 countries. They also have five different business segments. They also provide on star vehicles safety, security and information system. As the second-largest automobile company in the world, Ford Motor Company represents a $164 billion multinational business empire. Known primarily as a manufacturer of automobiles, Ford also operates Ford Credit, which generates more than $3 billion in income, and owns The Hertz Corporation, the largest automobile rental company...
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...quickest path to becoming the company outcast. Witnessing misconduct or alleged illegal or dishonest activity within an organization and exposing it, e.g. advising your superior, is known as whistleblowing. Even though these employees are usually doing it out of the best interest of their company, they can often face ostracization and retaliation as a result of them exposing the truth. The question is, however, should companies promote whistleblowing? They absolutely should. Furthermore, what should companies do to allow whistleblowing? They should establish concrete programs that facilitate and encourage employees to whistleblow. Why GM Fails at Whistleblowing In a BusinessWeek article, GM Recalls: How General Motors Silenced a Whistle-Blower, a report blames General Motors with a culture of complacency for the more than decade-long delay before the company recalled millions of faulty vehicles. It described employees as passing the buck and committees falling back on the “GM nod” – the gesture given by members of a large, corporate meeting after the meeting ends where all in the room believe that the “other guy” plans to put whatever was discussed and agreed in place. An example of the effects of whistleblowing is described in the article written by Tim Higgins and Nick Summers. Steven...
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...the Italian automaker. Skip to next paragraph [pic] William Thomas Cain/Getty Images A General Motors shareholders’ meeting in June 2008 in Wilmington, Del. History shows that outsiders have repeatedly failed to get the Detroit car company to make major changes. Related Adviser Defends U.S. Role in Aiding Automakers (June 11, 2009) Times Topics: Automotive Industry Crisis | General Motors Corporation | Chrysler LLC | Fiat S.p.A. [pic] Left: Associated Press; Right: Craig Ruttle/Bloomberg News Ross Perot, left, and Jerome York, an adviser to the billionaire Kirk Kerkorian, tried to force change at G.M. [pic] Left: Jay Mallin/Bloomberg News; Right: John Marshall Mantel for The New York Times Steven Rattner, left, the White House’s lead auto adviser, and Fritz Henderson, the chief executive of General Motors. At Ford, a chief executive brought in from the aircraft industry is helping to shake up the company. But it will be up to the federal government, which will own a majority of General Motors when it emerges from bankruptcy, to tackle what is perhaps the most difficult challenge in Detroit: transforming G.M.’s insular culture — at times as bureaucratic as the government’s — to make the company more competitive. If the effort fails, the Treasury may never recoup the $50 billion it has provided G.M. “Addressing cultural issues is just as fundamental to our assignment as addressing the balance sheet or financing,” said Steven Rattner, the lead adviser to the...
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...General Motors SWOT analysis MGT 521 March 31, 2014 Overview of SWOT matrix “The SWOT matrix is an important matching tool that helps managers develop four strategies.” (David, 2011) This matrix is important to any business because it will show the organizations strengths and weaknesses as well as any opportunities and threats that arise. The SWOT analysis is a great tool for strategic planning, however, it is not as useful for showing how to achieve a competitive advantage. The matrix is divided by SO (strengths –opportunities), WO (weaknesses-opportunities), ST (strengths-threats) and WT (weaknesses-threats). Each type gives a different focus for the organization. Internal Weaknesses and Strengths After the recall of April 2012, and the continuous recalls thereafter, there was a negative impact on the company sales. When looking at the Internals of General Motors, leadership plays a role in the weaknesses that it is having today. The internal strengths of General Motors are a strong market position and brand portfolio. General Motors is brand that people know and respect and many are very loyal to the brand. While using this as a factor, General Motors stated to focus on new research and developments that would give them an advantage over their competition. While they were behind Toyota in the energy efficient car, they are making strides to make their bigger vehicles bore fuel efficient. General Motors is also becoming diversified globally. External...
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...RESEARCH PAPER ON GM Introduction "General Motors has no bad years, only good years and better years" (Sloan, 1972). This mantra established in 1950 by former GM president Harlow H. Curtice may have been true at one point, but is called into question today by many, including Wall Street. General Motors Corporation, also known, as GM or GMC is the world’s 2nd largest auto company in sales revenue behind Toyota which took the lead in 2006. General Motors reigned as the global leader in the automobile industry for the last 76 years, which was longer than any other automaker. Today, Richard Wagoner, Jr., GM Chairman and CEO currently runs GM, which was founded in 1908. GM today employs approximately 324,000 people around the world, with their global headquarters in Detroit Michigan. Their European headquarters is based in Zurich, Switzerland. In 2006, 9.1 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM, Daewoo, Holden, Hummer, Opel, Pontiac, Saab, Saturn, and Vauxhall. General Motors has a superb relationship with international connection. GM takes pride in fostering global partnerships and consumer relationships. GM is majority shareholder in GM Daewoo auto & Technology Co. of South Korea and has had collaborative ventures in technology and manufacturing with several other automakers. It also has ventures with Shanghai Automotive Industry Corporation of China. GM’s largest national market is the United...
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...Assignment 2: Diversification Strategy The purpose of this paper is to compare and contrast two companies; One successful and one unsuccessful. The two companies chosen for this purpose is General Motors (unsuccessful) and Toyota Motor Corporation (successful). The content of this paper will analyze, compare and contrast the outcomes, and recommend actions that General Motors could have made to make their diversification venture more successful. The analysis will include the company’s core business, the size of the companies, and the 2009 financial statements of the companies, the company’s global presence, and their use of e-business. The analysis will also contain the primary reason for the different outcomes. History of General Motors General Motors was founded by William Durant on September 16, 1908, in Flint Michigan. GM’s core business is making and selling automobiles. At the beginning, General Motors designed automobiles for the Buick Motor Company, but in a short amount of time General Motors acquired more than 20 companies. These companies include Oldsmobile, Cadillac, and Pontiac, to name a few. General Motors went through many phases of development from 1910-1929. General Motors new design over Ford’s Model T design set the pace for production, design, and the marketing innovation of vehicles. General Motor’s first diversification took place when it added Chevrolet, Vauxhall, and Opel. General Motors used its philosophy and strategy for marketing by...
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...Topic Proposal (Week 1 Assignment) For my course project I have chosen to compare and contrast the organizational changes in the two publically traded companies of General Motors (GM) and Ford. The North American companies were both founded in the state of Michigan. General Motors Corporation (now known as General Motors Company) was founded in the year 1908 by William C. Durant in Michigan. Ford Motor Company was founded in June of 1903 by Henry Ford. Only GM received federal assistance from the US government’s treasury department (Klier & Rubenstien, 2012). The program that provided this assistance is called TARP: The Trouble Asset Relief Program. TARP contributed to saving millions of American jobs in the auto industry; and also preventing the complete collapse of the American auto industry itself. During the US economic crisis in the early 2000’s both GM and Ford faced major pressures to change in order to survive. Both companies suffered losses of millions of dollars and were left with making major decisions to restructure, rebuild, and re-organize their companies if they wanted to stay in business. Similar changes that both companies made were in leadership, manufacturing, and employee relations. Ford has made a comeback by adding new products and redesigning older models (Tepper, 2014). GM made changes by cutting its least profiting products and improving its higher selling cars. I am interested in this topic because although this was a major story almost a decade...
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...are provided in the Portfolio Assignment Details Word Document ANSWER: General Motors Company is an American multinational company with headquarters in Detroit, Michigan, United States of America. Founded at Flint in 1908 by William C. Durant and Charles Stewart Mott. The company designs, manufactures, markets and distribute vehicles and vehicle parts. Their brands include Chevrolet, Buick, GMC, Cadillac, Baojun, Holden, Isuzu, Jiefang, Opel, Vauxhall and Wulling. General Motors Company is a big organization that has a very large market share in so many countries around the globe. It operates in 26 countries spread across 6 continents, namely: North America, South America, Asia/ Middle East, Europe, Africa and Australia/ Oceania and trades on New York Stock Exchange. Their mission and vision statements are: General Motors Mission Statement: "G.M. is a multinational corporation engaged in socially responsible operations, worldwide. It is dedicated to provide products and services of such quality that our customers will receive superior value while our employees and business partners will share in our success and our stock-holders will receive a sustained superior return on their investment." General Motors Vision Statement: "Over the past 100 years, GM has been a leader in the global automotive industry. And the next 100 years will be no different. GM is committed to leading the industry in alternative fuel propulsion." General Motors Company has been in the news...
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...Assignment for Course: | ACT5060 | Submitted to: | | Submitted by: | | | | | | Date of Submission: 2014 Title of Assignment: Semester Project: Balanced Scorecard CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledged and disclosed in the paper. I have also cited any sources from which I used data, ideas or words, either quoted directly or paraphrased. I also certify that this paper was prepared by me specifically for this course. Student's Signature ***************************************************************** Instructor's Grade on Assignment: Instructor's Comments: Ford Motor Company Balanced Scorecard and Strategy Map Contents Executive Summary: 3 Background: 4 Financial Strategy: 7 Customer Strategy: 8 Internal Processes Strategy: 9 Learning and Growth Strategy: 10 Conclusion: 11 References 12 Ford Motor Company Balanced Scorecard and Strategy Map Executive Summary: Ford Motor Company was incorporated June 16, 1903 by Mr. Henry Ford with only $28,000 in capital. Ford Motor Company drew quick success and gained a clear advantage over future competitors with the ability to produce an affordable, efficient and reliable automobile for everyone (scope). In pursuit of efficiency and lowering costs, Ford in 1913 introduced the moving assembly line into his plants, a revolutionary idea that would change the automobile...
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...Assignment: Business Environment Table of Contents: Executive Summary...................................................................................................................3 Assignment I- Task 1 P1. Type of business, purpose and ownership...........................................................................3 P2, M1. Different stakeholders that influence the purpose of the business...............................3 D1.Influence of stakeholders…………...………………………………………………..…...5 Assignment I- Task 2 P3, P4. Describe how two businesses are organized, and how the structure helps the businesses in fulfilling their purpose……………………………………………………….....5 Assignment II- Task 1 P5, M2. Two contrasting environments influence on business, and their challenges................8 P6, M3. Political, Legal, Social factors and challenges that affect the two businesses ...….....8 D2 Changes in political, legal, social, and economic factors may impact on organization strategy……………………………………………………………………………………......9 Bibliography............................................................................................................................11 Executive Summary: The business environment is a mix of all the internal and external factors that have influence on the business. All the factors that are under the control of the business do not form part of business environment. Some of the examples of these factors affecting...
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...Week 4- Assignment Required Tweets for BA 3102 Tweet Topic No. 1: incorporate learning from an assigned getAbstract summary. Be sure to include reference to the author’s name and the word getAbstract. Several of the readings had outlined how big corporations are destroying our environment and in which ways they are taking advantage of some people. For example, the articles about Wal-Mart’s and Target’s outline the low working conditions, its effects on communities and international labor standards that this corporations are providing to its employees. I believe that these company should treat its employees with some degree of respect and dignity. They should realize that part of their success is due to its employees’ work. Tweet Topic No. 2: discuss/comment WSJ, CSRwire readings. Be sure to include reference to the either WSJ or CSRwire (as appropriate). The article “GM Boosts Volt Defense as Sales Falter” by Sharon Terlep outlines General Motors Co. chief Executive Dan Akerson’s defense against the allegation that the Chevrolet Volt’s battery-powered was could cause potential fire. Mr. Akerson states that the Volt was failing to meet sales expectation and sales were declining significantly. In addition, he states that the car was declared safe by the National Highway Traffic Safety Administration. “For the sake of the Volt and electric vehicles in general it is important we close the door on this issue “ said a GM spokesman. Moreover, the NHTSA decided to wait...
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...pertinent to the case study issues. • You must use at least two additional resources (your text and two others for a total of three) to support your thoughts. Be sure to properly cite your references. • All papers must be submitted as a document through the Assignment Dropbox. Assignments must be prepared in .doc, .docx, or .rtf format. APA Guidelines For the purpose of written case study assignments – all papers must be in proper APA format which includes at least the following: • A properly formatted header on the upper right corner that includes your name and page number. • All papers must be double-spaced, with a Times New Roman, Courier New, or Arial size 12 font. • All paragraphs must be indented 5 spaces. • References must be properly formatted, double-spaced, with the first line of the entry left justified, and following lines of the entry a hanging indent. • Always use the text as a reference – that is where the case study information originates. Be sure to properly cite your reference(s) within the body of the paper. TO PAY OR NOT TO PAY? Toyota used to sit on top of the world. It basked in the reputation of building high-quality cars efficiently. It enjoyed unprecedented growth, even surpassing General Motors as the...
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...ACTIVITY BASED COSTING ASSIGNMENT - LEARNING EXERCISE Students will select a company or firm or business unit in any one of the following industries: 1) Manufacturing 2) Insurance 3) Bank 4) Health care 5) Hospitality 6) Government 7) Service Each student should explore the internet for an example of a company that had implemented Activity Based Costing (ABC) and Activity Based Management (ABM) with a focus on determining customer profitability. Prepare a report (suggested length – not more than 10 pages) covering the following and give a briefing in the class: 1) Describe, in brief, the company and its business. 2) What was the problem faced by the business or company? 3) What was the scope of ABC / ABM project? 4) What were the goals for the ABC / ABM project? 5) How ABC/ABM was implemented? 6) Summarize the results achieved after implementation of the project. Financial evaluation of results by quantification expected. 7) Your observations, comments, criticism and suggestions, if any. 8) Legend, bibliography, references etc. Submit assignment to Exam Section. Print-out of PPTs (handout mode – 4 or 6 slides per page) can be submitted later, but before presentation in the class. Important: This is an individual assignment and each student should select different company from the sector selected for study and complete the assignment. Please inform other...
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