...Strategic Initiative: General Motors Company FIN/370 1/26/2015 David Tucker The General Motors Company (GMC) made history in 2013. This reflected a major advancement on every part of the vehicle that was intended to make them more durable while still reflecting the goal to earn a reasonable profit. The goal was to work on the balance sheets, have solid earnings, and make huge investments. The company focused on the customer’s needs, demands, and desires, this increased focus will have an impact over years to come. The world is changing on a daily basis and GM is striving to meet the needs of the consumers. The goal for the future is to keep making improvements on things such as design and innovation. Annual Report These initiatives are explained further in the company’s annual report. The annual report is a way for shareholders to receive important documents and information about the business. This report includes research and development, marketing information, financial reports, and subsidiary activity for all new future plans. Each company is required to send an annual report to the shareholders to keep them abreast of the company’s current status and future goals. The most important rule is the proxy, which companies post to their homepage and the regular annual report. This report is on the Form 10-k that contains all of the company’s financial information and statements and provide the shareholders with most accurate details for...
Words: 1164 - Pages: 5
...employment continuing. While the Ford Motor Company choose to restructure its own operations without accepting government assistance, General Motors Company had accepted the government funded bailout. This bailout encompassed numerous stipulations including changes in financial structure of operation and management. The end goal to stabilize the company, return from bankruptcy and back to providing affordable and dependable vehicles to its consumers. Reviewing past reports from various financial institutions, union employees and GMC’s annual reports I will discuss the change strategies since filing of bankruptcy and the government bailout. The second corporation I would like to research, for personal as well as scholastic purposes, is KIA Motors. During the time just prior to GMC’s financial crisis, KIA also had a change of management. This was working towards expansion, increase in profits, sales and producing award winning vehicles for the market. With the restructure of GMC and the difficulty of market finance, KIA had the opportunity to take market shares in America and further boost its standing as a solid competitor in the automotive market. KIA, being a new investment of ours, and GMC one of the alternatives to purchase, the vehicle was not the only factor regarding this recent purchase. History of financial difficulty, and changes made to overcome these difficulties will be discussed for GMC. Changes made to solidify the company and grow its product and shares in...
Words: 403 - Pages: 2
...General Motors Company (GM), the American multinational corporation, is one of the world’s largest car and truck manufactures. Founded in Michigan as a holding company for McLaughlin Car Company of Canada Limited and Buick, and then controlled by William C. Durant. GM has been in business since 1908. The company designs, builds, markets, distributes vehicles, vehicle parts, and sells financial services. From 1931 through 2007, it has been the global industry leader in sales. With its international headquarters in Detroit, GM employs about 212,000 people around the world. In 2011, General Motors sold 9.025 million cars and trucks globally with a global market share of 11.9%. Vision of General Motors Company is to be the world leader in vehicle market and related services and a brand that represent quality and innovative design. The company offers a largely range of vehicles, from electric and mini-cars to full-size trucks, monocabs and convertibles. It does business in most countries in the world, about 120 countries and produces vehicles in 37 countries. The other brand that the company owns are thirteen: Alpheon, Chevrolet, Buick, GMC, Cadillac, Baojun, Holden, Isuzu, Jiefang, Opel, Vauxhall, HSV, UzDaewoo and Wuling. The largest national market of GM is the United States, followed by China, Brazil, the United Kingdom, Canada, Russia and Germany. In the United States, the company is very strong and has lasted over a century, representing one of the biggest American multinational...
Words: 750 - Pages: 3
...of their four-point business plan for achieving success globally. The four-point business plan first consists of aggressively restructuring to operate profitably at the current demand and changing model mix, and then to accelerate development of new products their customers want and value. The last two points include financing their plan and improving their balance sheet and finally to work together effectively as one team. Being a global company, it is important for Ford to be able to predict the percent of international sales from their total sales. In 2000, 72% of Ford’s total sales came from the U.S. and the other 28% came from Europe, Asia Pacific and Africa. They have predicted in 2020 that only 43 % of their sales will come from the U.S. with 25% from Europe and 32% from the Asia Pacific and Asia. They are not predicting this on the assumption that sales in the U.S. are going to decrease they just believe that the sale in the Asia Pacific and Africa are just going to increase dramatically. Since Ford is a major multinational company, their activities have far reached environmental, social and economic impacts. The first part of their value chain analysis is Product Planning and Design. This is where they decide what products that are going to make, what technology they will develop and implement and finally how and where they are going to make these products. In 2013, Ford spent $6.4 billion dollars on engineering, research and development. This resulted in Ford receiving...
Words: 4572 - Pages: 19
...Hamilton 24 October 2012 GM SWOT Analysis As one of the world’s largest automobile manufacturers, General Motors (GM) was found in 1910. Today, GM has become an essential organization in the US that has a significant impact on the overall economy. GM markets its products under these well-known automobile brands: Buick, Chevrolet, GMC, FAW, Daewoo, Cadillac, Holden, Jiefang, Vauxhall, Opel, and Wuling. Followed by the US, Brazil, UK, Canada, Italy, and Germany, now China has become the largest market for automobile industry. SWOT analysis stands for the analysis on strengths, weaknesses, opportunities, and threats. Strengths: The first strength GM has is its brand value and image. Since 1910, General Motors has established a stable market share along with Chevrolet, Cadillac, and Buick and become a household name. Moreover, GM brand is rooted not only in the US but also throughout the whole world. Second, General Motors has a large global presence as well. GM truly has a big worldwide presence that it has manufacturing, assembly, and warehouse operation in 55 countries. Third, high quality products and services have always been the center for the company for achieving success. Finally, GM has a significantly high market share that it runs the business in 157 countries. Weaknesses: First, GM has complied more than 1000 dealerships for closure. At the end of 2008, General Motors had 715 dealerships in Canada, but a year later, GM has called for nearly 200 closures. The organization...
Words: 828 - Pages: 4
...General Motors Corporation Table of Content Introduction ………………………………………………………………....................................2 Problem Statement……..………………………………………………………………………4 Organizational Capacity Planning …………………………………………………………………..3 Project Portfolio Management (PPM) Process ……………………………………………………4 Project Selection…...…………………………………………………………………….……………..6 Program Management Plan ……………………….………………………………………………….7 Conflict Management …………………………….…………………………………………….…….8 Change Management ...………………………………………………………………………….……9 Resource Utilization …………………………………………………………………………….……10 Conclusion ……………………………………………………………………………………………..11 Works Cited …………………………………………………………………………………………….12 Introduction GMC (General Motors Corporation) was founded at the turn of the century in the year 1908 by William Billy Durant. Mr. Durant was a manufacturer of horse-drawn vehicles in Flint Michigan before he began his venture in automobile production. In the beginning GMC was comprised of only the Buick Motor Company, but in the matter of a few years GMC would acquire Oldsmobile, Cadillac, and Pontiac. In those early years GMC’s philosophy was based around the strategy of “a car for every purse and purpose” (GM, 2012). GM dedicated itself to building quality products for every budget. During the 1920’s GMC experienced high volume growth, were they expanded to the point where more than a dozen new plants were opened outside of the United States. During this time GMC’s Cadillac would change...
Words: 3722 - Pages: 15
...Ford Motor Company Ford Motor Company In 2008, three major U.S. automakers asked the government for a bailout. Ford, along with GMC, was two of those companies. Ford was able to mortgage enough assets and avoid for a bailout to avoid bankruptcy. Since that time, Ford has made strides toward increasing their annual income, providing more fuel efficient cars, and becoming known in the global world market. After reviewing the 2010 income statement, Ford reported a full net income of $6.6 billion. It competitors, Honda reported a full net income of $6.88 billion and GMC a full net income of $6.17 billion. Even though GMC shares are higher, Ford showed higher earnings than GM. According to Ford’s 2010 annual report, the earnings per share increased by 80 cents a share from 2009 and that the net income is Ford’s highest in more than ten years (annual report). It would be beneficial for Ford management to investigate a variety of ways to increase interest among its internal and external stakeholders to purchase stocks which in turn will help to increase the overall net profit of the company. In looking at the balance sheet, Ford reported the most in liabilities and long term debt. However, Ford showed greater earnings assets than both Honda and GMC (Appendix B). Honda reported the lowest amount in liabilities and a significantly lower long term debt than Ford (Appendix B). Overall, GMC fared better than Ford on the balance sheet with the lowest long term debt and decreased...
Words: 3407 - Pages: 14
...General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. General Motors, the world's largest auto manufacturer, makes cars and trucks, with brands such as Buick, Cadillac, Chevrolet, and GMC. GM also builds cars through its GM Daewoo, Opel, Vauxhall, and Holden units. Financing and insurance activities are conducted by Ally Financial (formerly known as GMAC), of which GM owns about a 10% stake. Throughout its financial woes, GM has received billions of dollars in loans from the Canadian and US governments, negotiated concessions with labor unions, and jettisoned brands. The auto giant went through a six-week bankruptcy protection in 2009; it issued an initial public offering and returned to the stock market in 2010. General Motors was founded on September 16, 1908, in Flint, Michigan, as a holding company for Buick, then controlled by William C. Durant. At the turn of the 20th century there were fewer than 8,000 automobiles in America and Durant had become a leading manufacturer of horse-drawn vehicles in Flint, MI, before making his foray into the automotive industry. GM's co-founder was Charles Stewart Mott, whose carriage company was merged into Buick prior to GM's creation. Over the years Mott became the largest single stockholder in GM and spent his life with his Mott Foundation which has benefited the city of Flint, his adopted home...
Words: 1426 - Pages: 6
...Introduction General Motors Corporation (GM), incorporated in 1916, has two core businesses: Automotive and Other Operations and Financing and Insurance Operations. GM participates in the automotive industry through the activities of its automotive business operating segment, General Motors Automotive (GMA), which consists of four regions: GM North America (GMNA), GM Europe (GME), GM Latin America/Africa/Mid-East (GMLAAM) and GM Asia Pacific (GMAP). GMNA designs, manufactures and/or markets vehicles, primarily in North America under the following nameplates: Chevrolet, Pontiac, GMC, Oldsmobile, Buick, Cadillac, Saturn and Hummer. GME, GMLAAM and GMAP primarily meet the demands of customers outside North America with vehicles designed, manufactured and/or marketed under the following nameplates: Opel, Vauxhall, Holden, Saab, Buick, Chevrolet, GMC and Cadillac. GM's automotive regions also have equity ownership in Fiat Auto Holdings, Fuji Heavy Industries Ltd., Suzuki Motor Corporation, Isuzu Motors Ltd., Shanghai General Motors Corporation, SAIC-GM-Wuling Automobile Company Ltd. and GM Daewoo Auto & Technology Company. These investees design, manufacture and market vehicles under the following nameplates: Fiat, Lancia, Alfa Romeo, Subaru, Suzuki, Isuzu, Buick, Wuling, Daewoo and Chevrolet. GM's other operations include the design, manufacturing and marketing of locomotives. Substantially all of the Company's automotive-related products are marketed through retail dealers...
Words: 588 - Pages: 3
...Talon Lewis Professor Marc Hamilton MGMT 56030 21 Jan 2015 General Motors SWOT Analysis General Motors Company (GM) is a corporation that designs, constructs, and sells automobiles. GM own nearly 18 different brands which includes Cadillac, GMC, Buick, Chevrolet and many others (General Motors). The enterprise operates globally and is the largest automobile manufacturer in the world. Some of GM’s main competitors are Ford, Tata, Nissan, Toyota, Volkswagen AG, and Honda. Looking at its competitors GM performs above par compared to its competition. As many automobile manufacturers, GM faces strong challenges, threats, and weaknesses, but also has many strengths and opportunities open to it. First, we must look at the strengths of the company, which play a key role in the company’s success. Furthermore, General Motors has a strong global presence in the marketplace. GM was the leading auto manufacturer regarding sales for 77 years until 2007(General Motors). While the business continues to grow and expand its presence on the global scale, they are already operating in 157 countries. Chevrolet, one of eighteen brands GM holds, reached world record sales with 4.95 million units in recent years. After the 2008 bailout, GM has needed to revise and establish new visions and strategies for the company. With the reorganization of tactics and employees, this leads to the next strength of GM. New management, appointed and lead by Daniel Akerson as CEO, he wiped the bureaucratic organizational...
Words: 1394 - Pages: 6
...The Pricing and Retail Strategy of General Motors One of the main goals of General Motors (GM) is to establish sustainability in the market place by creating long-term value. This approach is executed at every level of the company. Sustainability is a value proposition that takes into consideration environmental, social, and economic opportunities and supports the long-term success of the company. Value is created through top-line growth opportunities, bottom-line improvements, and risk mitigation. At this point, the response of the customers will determine the amount of value created. Strategy The sustainability strategy of GM aims to create long-term stakeholder value; align corporate policies, positions, and sustainability initiatives; focus efforts on areas of significant impact; and to be executed within every function by every employee. The strategic pillars are focused on four specific areas: 1) Innovation that grow business through new products and services that customers desire while addressing environmental issues and social concerns. 2) Integration that ensures sustainability is embraced throughout GM. 3) Transparency that builds trust and accountability. 4) Employee engagement that encourages a sustainable mindset at GM. Tollin and Jesper cited that in the area of sustainability as a marketing implement, Lozano and Huisingh (2011) reported that “In the sustainability literature it is pointed out that the evolving view on sustainability...
Words: 701 - Pages: 3
...Toyota Motor Corporation: A brief history The Toyota Motor Corporation was founded in 1937 by Kiichiro Toyoda. It originally started as a subsidiary of his father’s company Toyoda Industries. The first vehicle, the Toyota AA, was produced in 1936 even the company was still associated with Toyoda. The brand was established as an independent company in 1937 and changed their name to Toyota. The change of its name was implemented to signify a separation of work and home, to simplify the pronunciation and because it only took 8 brush strokes (which is considered lucky) to write in Japanese. Toyota opened their first factory in 1938 but it had to be cease production during World War II. In 1950 the Toyota Motor Sales Company was established and the company began production on the BJ Toyota Jeep, the BX truck and the SG small truck. In 1956 the Toyopet chain was established. The first vehicle to be sold under this name was the Toyopet SA. The product line was discontinued in the 1960s due to negative connotations with the words toy and pet. During the 1960s Toyota opened a new research and development facility as well as establishing a prominent presence in Thailand. During this time Toyota also celebrated the production of its 10 millionth model. In 1982 the Toyota Motor Sales and Toyota Motor Company formed a merger to become one company, the Toyota Motor Corporation. Following this the company entered into a joint venture with General Motors called the New United Motor Manufacturing...
Words: 2837 - Pages: 12
...FIM ASSIGNMENT General Motors Prepared by: CharuSingla, CFM Roll #07 AnkitSrivastava, IM Roll #05 Aniket Singh, CFM Roll #04 RakeshJha, CFM Roll #14 Vishal Suri, CFM Roll #22 AbhishekGoel, CFM Roll #02 General Motors 2013 Acknowledgment The project would not have been possible without the kind support and help of many individuals. We would like to extend my sincere thanks to all of them. We are highly indebted to Mr. D.C.Singhal for his guidance and constant supervision as well as for providing necessary information regarding the project & also for their support in completing the project. We would like to express my special gratitude and thanks to industry persons for giving us valuable information and insight. Our thanks and appreciations also go to our colleague in developing the project and people who have willingly helped us out with their abilities. IIFT 2015 Page 2 General Motors 2013 Table of Contents Acknowledgment........................................................................................................................... 2 Introduction .................................................................................................................................. 4 Products or Services delivered and annual output ......................................................................... 6 Countries the company is present in ............................................................................................ 10 Problems...
Words: 9412 - Pages: 38
...General Motors was founded on Wednesday, September 16, 1908, in Flint, Michigan, as a holding company for Buick (then controlled by William C. Durant). Durant's company, the Durant-Dort Carriage Company, had been in business in Flint since 1886, and by 1900, was producing over 100,000 carriages a year in factories located in Michigan and Canada. Prior to his acquisition of Buick, Durant had several Ford dealerships. With springs, axles and other key components being provided to the early automotive industry by Durant-Dort, it can be reasoned that GM actually began with the founding of Durant-Dort.[3] Durant acquired Oldsmobile later in 1908. The next year, he brought in Cadillac, Cartercar, Elmore, Ewing, and Oakland (later known as Pontiac). In 1909, General Motors also acquired the Reliance Motor Truck Company of Owosso, Michigan, and the Rapid Motor Vehicle Company of Pontiac, Michigan, the predecessors of GMC Truck. A Rapid became the first truck to conquer Pikes Peak in 1909. In 1910, Welch and Rainier were added to the ever-growing list of companies controlled by GM. Durant lost control of GM in 1910 to a bankers trust, due to the large amount of debt (around $1 million) taken on in its acquisitions. Durant left the firm and co-founded the Chevrolet Motor Company in 1911 with Louis Chevrolet. After a brilliant stock buy back campaign, he returned to head GM in 1916, with the backing of Pierre S. du Pont. On October 13 of the same year, GM Company became incorporated as...
Words: 1995 - Pages: 8
...ANSWER TO QUESTIONS: 1. How would a consumer’s level of involvement, need for cognition, and level of information search affect the purchase of a new car? THEORY: The consumer buying decision process is a five-stage purchase decision process which includes problem recognition, information search, evaluation of alternatives, purchase, and post-purchase evaluation. The problem recognition occurs when a buyer becomes aware of a difference between a desired state and an actual condition.After the consumer becomes aware of the problem or need, he or she searches for information about products that will help resolve the problem or satisfy the need. Repetition, a technique well known to advertisers, increases consumers’ learning. Repetition eventually may cause wear-out, meaning consumers pay less attention to the commercial and respond to it lessfavourably than they did at first. A successful information search within a product category yields a consideration set (aka evoked set), which is a group of brands that the buyer views as possible alternatives.Purchase selection is based on the outcome of the evaluation stage and other dimensions.After purchase, the buyer begins to evaluate the product to ascertain if the actual performance meets expected levels. Cognitive dissonance is a buyer’s doubts that arise shortly after a purchase about whether it was the right decision. REALISTIC: During the daily using a car or a public transportation, he will realize if he need to buy a new...
Words: 3561 - Pages: 15
