...MANAGEMENT IN ACTION CASE STUDY DON LYNN 1. In my opinion, the strategy type used by GM would fall under the reactors category. According to __ reactors make adjustments only when forced to by environmental pressures. In light of the recent economic downturn, GM was forced to make significant changes to avoiding being driven completely out of business. Because of significant sales losses and no doubt bad business practices, GM was forced to rely on the federal government for a bailout to keep from closing their doors. In an article in USA today, Sharon Carty wrote that there were systematic problems in GM for decades (may 13, 2009). In my opinion, the beginning of their downfall could have been following the 2001 terrorist attacks. At that time, GM was praised for responding quickly and precisely. They began offering many rebates with new car purchases and 0% financing on vehicles purchased. To compensate for the low interest rates and multiple rebate programs, GM was forced to raise its sticker prices. This rise in the sticker prices was occurring at a time when other vehicle companies were reducing prices. The end result was that their prices were much higher than the competition. Because of this, often shoppers wouldn’t even consider a GM vehicle. Because of the economic recession and the way they were conducting business, they were forced to consider bankruptcy. At this time, they became reactors to their current situation. This is a good example of the...
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...Contents Vision 5 Mission 5 Values 5 Objective 5 Leadership 7 Interviews 7 General Interview of the General Manager (Leader) 7 Views about Leadership 7 Emotional Intelligence Interview 8 Self-awareness 8 Self-Management 9 Building relationships 10 Social Awareness 11 Theory in Practice 12 Leadership Capabilities 12 Sensemaking 12 Relating 12 Visioning 12 Leadership style 12 Transactional Leaders 13 Transformational Leaders 13 Leadership Grid 13 Change 17 Change in last one year 17 Change in HR 17 Major Change 19 Driving forces of change 19 Manager A 19 Description 19 Change Factors (why to bring change) 19 Diagnosis 20 Causes 20 Effects 20 Intervention 20 Way of intervention 20 Institutionalization 20 Manager B 21 Description 21 Change Factors (why to bring change) 21 Diagnosis 21 Causes 21 Effects 21 Intervention 21 Way of intervention 21 Institutionalization 21 Manager C 22 Description 22 Change Factors (why to bring change) 22 Diagnosis 22 Causes 22 Effects 22 Intervention 22 Way of intervention 22 Institutionalization 23 Manager D 23 Description 23 Change Factors (why to bring change) 23 Diagnosis 23 Causes 23 Effects 24 Intervention 24 Way of intervention 24 Institutionalization 24 Manager E 25 Description 25 Change Factors (why to bring change) 25 Diagnosis 25 Causes 25 Effects 25 Intervention 25 Way of intervention 25 ...
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...GM Recalls GM has once again recalled vehicles, but this time for a different problem. 2.4 million vehicles have been recalled in four separate recalls. The first recall, deals with 1.3 million Buick Enclaves, Chevy Traverse, and GMC Arcadia from the 2009–14 model year (MY) and Saturn Outlooks from 2009–10 MY for a front safety belt problem were the belts can wear down and eventually break. Dealers were told to not sell new or used models of these cars until the problem was fixed. The second recall effected 1.1 million Chevy Malibu from 2004–08 MY and Pontiac G6 sedans from 2005–08 MY because a shift cable in the may wear out over time causing problems with the transmission. The third and fourth recalls were much smaller, with the third encompassing 1,402 Cadillac Escalades from the 2015 MY because a faulty weld could cause the partial deployment of the front passenger airbag in a crash. Owners were told not to have anyone sit in the passenger seat, and all sales of the vehicle have been stopped until the problem has been fixed. The final recall effects 58 Chevy Silverado HD and GMC Sierra HD 2015 MY pickups due to retention clips attached to the generator fuse blocks may come loose and cause a fire. Recalls from GM have risen 13.6 million vehicles since the February recall of 2.6 million cars for an ignition switch difficulty. The company has racked up $1.7 billion in repair costs for the vehicles it has recalled. This new set of recalls could affect GMs sales, among other...
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...protein per half cup of cooked beans * Soy beans, ½ cup cooked – 14 grams protein * Split peas, ½ cup cooked – 8 grams Nuts and Seeds * Peanut butter, 2 Tablespoons - 8 grams protein * Almonds, ¼ cup – 8 grams * Peanuts, ¼ cup – 9 grams * Cashews, ¼ cup – 5 grams * Pecans, ¼ cup – 2.5 grams * Sunflower seeds, ¼ cup – 6 grams * Pumpkin seeds, ¼ cup – 8 grams * Flax seeds – ¼ cup – 8 grams Daily requirements and good non-meat sources of specific amino acids The requirement for the non-essential amino acids has changed considerably over the last 20 years. The following table lists the recommended daily amounts for adults by the World Health Organization, along with the standard one-letter abbreviation. (Recommended daily intakes for children during their first year can be as much as 150% higher, and 10-20% higher for children three years and older.)...
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...further my knowledge about the car industry. The first prospect that came to mind was General Motors. I picked General Motors because of its popularity in the United States. I had some interesting general knowledge of the company like the dependability and quality of their cars. Some comments were, “I rather have a Chevy Truck than a Ford” and “The general motors cars are more dependable than Ford.” These comments made it clear that I liked the General Motors auto line of cars. Then, I asked myself what would be a cooperate company just as enormous. I came to a conclusion that Ford would be the other company. Though Ford has a nice line of cars, I had some negative thoughts about the company. Acronyms were said such as, “Found On Road Dead” or “Fix Or Repair Daily.” Each of those sayings had put a dent in my thoughts that I would not buy a Ford, not solely on those sayings, but also because of the influence of my parents and other such adverse publicity. These companies have a long-standing tradition in the U.S as manufacturing giants in the automobile industry, since they began here. With these two cooperategiants, I can evaluate and compare both companies financially. My over all preference. was to buy the General Motors line of cars; in doing this project I wanted to know if by researching each company if I would change my mind. Also, this will enable me to draw a conclusion on which company would be a better investment and which company is doing better as a whole. GM History: ...
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...Spring 2014 Principles of Finance Final Project General Motors Company vs Ford Motor Company Lauren Grippo GENERAL MOTORS CORPORATION (COMPANY) General Motors Corporation (General Motors or GM) was incorporated on August 11, 2009. Also known as GM, the company designs, builds and sells cars, trucks and automobiles parts globally and headquartered in Detroit, Michigan. The company also provides automotive financing services through General Motors Financial Company, Inc. (GM Financial). The company designs, manufactures and markets vehicles under the brands of Buick, Cadillac, Chevrolet and GMC. Along with our strategic partners, we produce cars and trucks, and sell and service our vehicles, through the following brands: Chevrolet, Buick, GMC, Cadillac, Baojun, Holden, Isuzu, Jiefang, Opel, Vauxhall and Wuling (GM.com). In addition to the products the company also sells to its dealers for consumer retail sales, to fleet customers, including daily rental car companies, commercial and leasing companies and governments. As of December 31, 2012, the Company offered 21 FlexFuel vehicles in the United States and offered 12 hybrid models and continues to develop plug-in hybrid electric vehicle technology. They are also subsidiary owners of the OnStar, LLC servicing the United States and Canada. OnStar is a provider of connected safety, security and mobility solutions and advanced information technology. FORD MOTOR COMPANY The Ford Motor Company (also known as Ford) is an...
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...Corporation was founded by William Durrant in 1902, since their conception they have produced nearly 450 million vehicles globally. The goliath corporation operates in virtually every country in the world. Up until the past decade GM was enjoying rapidly growing sales and revenues across the board. However, with the current economic meltdown the ability to capture and sustain marketshare while add to their bottom line has shown to be more than challenging. Through this global economic crisis business leaders are left no choice but to make critical decisions that will enable their corporations to survive. Change is prevalent and management has no choice but to face the fact that they have got to change in order to survive. I think changes will have to be made in all functions of business such as structure, wages, marketing, branding, logistics, management style, and technology. The auto industry today employs about ten percent of the workforce. This means that 1 out of every 10 Americans are tied to the auto industry in some function whether they are suppliers, dealers, consultants, accountants, auditors etc. GM is also one of the largest purchasers of U.S. steel, aluminum, iron, copper, plastics, rubber, electronics, and computer chips. The reality is that if GM can’t make a turn around and start posting profits the other businesses that thrive by supplying services to support GM’s operations or sell their products will also fail to survive, it’s like a domino effect, when one falls...
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...Corporation was founded by William Durrant in 1902, since their conception they have produced nearly 450 million vehicles globally. The goliath corporation operates in virtually every country in the world. Up until the past decade GM was enjoying rapidly growing sales and revenues across the board. However, with the current economic meltdown the ability to capture and sustain marketshare while add to their bottom line has shown to be more than challenging. Through this global economic crisis business leaders are left no choice but to make critical decisions that will enable their corporations to survive. Change is prevalent and management has no choice but to face the fact that they have got to change in order to survive. I think changes will have to be made in all functions of business such as structure, wages, marketing, branding, logistics, management style, and technology. The auto industry today employs about ten percent of the workforce. This means that 1 out of every 10 Americans are tied to the auto industry in some function whether they are suppliers, dealers, consultants, accountants, auditors etc. GM is also one of the largest purchasers of U.S. steel, aluminum, iron, copper, plastics, rubber, electronics, and computer chips. The reality is that if GM can’t make a turn around and start posting profits the other businesses that thrive by supplying services to support GM’s operations or sell their products will also fail to survive, it’s like a domino effect, when one falls...
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...Alfred P. Sloan, long-time president and chairman of General Motors (GM). He can be seen as a symbol of leadership during his time, not only because of his innovative marketing system, but also because of his contribution to the concept of corporate management. Sloan became the undisputed leader of the industry, displacing Henry Ford and, thanks to him; GM was the only American car company to be profitable in the great depression. The objective here is to understand how Sloan’s leadership style led him to obtain such positive results. ALFRED P. SLOAN: WHO IS HE? Sloan was born in 1875 in the USA and he studied electrical engineering, completing his graduation in 1892. During 1916 and 1918, GM acquired the two companies in which he was a principal, which led to his appointment as VicePresident and then President (1923). In 1937 he became Chairman of the Board, remaining as Chairman until 1956. GENERAL MOTORS: THE CHALLENGE FOR SLOAN GM was formed in 1908 by William C. Durant, being the first successful merger in the industry. Durant’s idea was to buy small auto companies in order to compete with Ford, through the consolidation of facilities, achieving this way a greater output. But his failure to integrate rationally the properties and to develop corporate capabilities, together with the economic conditions felt at that time, brought GM into financial difficulties. When Sloan was made VP of GM, the company was holding higher inventory and uncontrollable amount of...
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...exception in America. Since their introduction in the 1990’s, genetically modified (GM) products have conquered agriculture in the United States and hold a large share of the food on American’s plates. (Dupont) Everyone has been exposed to it whether they know it or not. According to the US Department of agriculture by 2012, 88 percent of corn and 94 percent of soy grown in the United States were genetically modified. The purpose of this essay is to explain what genetically modified crop plants are, to discuss the social and ethical implications and to provide my personal view point. Genetically modified organisms (GMOs) are defined as organisms whose genome has been modified as genetic engineering. Transferring a gene from one species to another to provide an organism that is transgenic or a gene that may be altered and reinserted into an individual of the same species are the results of a genetically modified organism. Genes can be introduced into plant cells by way of electric or chemical shocks, by blasting them. The most common GMOs are bacteria and yeast, which have been modified to produce medically important proteins which has benefitted people with diabetes. (Starr, Evers, & Starr, 2013) GMOs or GM is used to refer to crop plants that are created for animal or human consumption using the latest molecular biology techniques. According to the Food and Drug Administration (FDA), GM technology enables plant breeders to bring together in one plant useful genes from...
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...February 14th of this year. This problem hasn’t just sprung up in the last few months this problem has been going on since 2001, almost 15 years. To make this problem even worse GM was just bailed out by the Government of the United States of America in an attempt to save the economy from another economic decline. There have been several court cases brought against GM due to fatal crashes. According to The Wall Street Journal, the first fatal crash involving 2005 Cobalt whose airbags did not deploy in a frontal collision. (Wall Street Journal) That is nearly 10 years that GM has looked the other way while the problem with their vehicles killed people. This is a big problem. There are many customers that rely on GM to give them not only quality but safety and piece of mind. GM has failed their customers, the country, and to abide by the law. Something must change if GM wants to be around in the future. They will have to change everything about the way they run their business. As I discuss GM I will cover how human resources management will deal with the faulty parts, federal reporting compliance and law, future lawsuits, and public image. Human resources have many things to recover from. There have been many mistakes that have been made. As I was looking into the past of GM and who all might be responsible for this horrible mistake there is one lady that has popped up. According to workforce.com, Katy Barclay on Thursday, July 30 2009 stepped down from GM. She was the head of...
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...and the increase of cars being built which would lower cost making car ownership more widely available. The second was the establishment of General Motors (GM) by William Durant. The automotive industry would see increased growth over the years with GM acquiring 25 more companies to include Buick and Oldsmobile. Alfred Sloan worked for the Hyatt Roller Bearing Company, which was acquired by GM in 1916 and Sloan was promoted to Director of GM and Vice President to other accessory companies within the organization. Eventually, William Durant lost control of GM for a second time and was forced to sell his interest. A four person Board of Directors was established and Sloan was a residing member. Reengineering of GM Under the new leadership, GM was restructured. GM owned several small companies but Durant kept them all separate. The new leadership changed that type of management and brought all of the companies into GM and expanded the organization. A CEO who reported to the new executive committee managed each corporate division. The next restructuring was to define the production of automobiles by quality and price point. There were many brands owned by GM and the need to appeal to targeted customers with various demands was made a priority. Product policy was enacted with each brand targeting a different consumer and GM solidified its management policy. This transformation is indicative of reengineering as a new executive team took control of the organization and restructured...
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...| | | Chrysler and General Motors | | Chrysler and GM Chrysler is a car manufacture created by Walter Chrysler during June 6, 1925 when the Maxwell Motor Company was re-organized into the Chrysler Corporation. It happened because in the early 1920s the Maxwell Chalmers Company were having troubled with their operation which made the company to end in 1923 and one year later Chrysler had launched the eponymous automobile which was referred as the 70’s. This vehicle was a 6-cylinder, designed to provide customers with an advanced, which was also a well-engineered vehicle, at a more affordable price than they thought. In the summer of 2009 Chrysler has filled for bankruptcies. In 2011 Chrysler has a 10.5% in the market. It is in the fourth position while GM is first, Ford is Second, and Toyota is third. This company is doing badly because their new products are not to the customer satisfaction. (Chrysler) GM is another car manufacturer which was located at Flint, Michigan. It was created on September 16, 1908 by William C. Durant and the GM's co-founder Charles Stewart Mott but it was originally owned by Buick as a holding company. During 1909, Durant had brought Cadillac, Elmore, Oakland and several others vehicles cooperation. In 1910 Durant had lost control of his company GM to a banker trust because of all the large debt he had due to the collapse of the new vehicles sales. GM in 2009 had filled for Bankruptcies but since their stock has increased and...
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...Abstract This research looks at the General Motors Company and what led to company failure and filing of bankruptcy in 2009. The American automotive industry was poorly managed for years and was almost eliminated when the economy crashed in 2008. Without the help of the U.S. government, General Motors and Chrysler would not have been able to survive. How did GM, as the number one auto manufacturer and seller, go from being at the top to almost ceasing to exist? This kind of financial mess usually takes years of poor decisions and does not happen to a large company overnight. To come to my conclusion I analyzed four books written by people with inside knowledge of the company, as well as magazine articles and a couple of online websites. As a result of my research, I believe that the problems that GM faced stemmed from poor risk management. Rick Wagonner, former CEO, made several poor business decisions that did not take into account any future risks or market changes. A new management team and a fresh perspective were able to turn the company around and put them back at the top of the automotive industry. Risk Management within the General Motors Company General Motors has been in business since 1908 and currently employs 202,000 people in 157 countries world-wide. It is a well-known fact that GM took government bailout money and filed bankruptcy in 2009. How did one of the largest companies in the world fall to needing financial assistance and declaring bankruptcy? One of...
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...Fulfillment of the Requirements for the Award of Post Graduate Diploma in Management (Recognized by AICTE, Ministry of HRD, Govt. of India) By Mohd Zuvair PG- 120-30 INMANTEC Integrated Academy of Management and Technology Ghaziabad July, 2013 ACKNOWLEDGEMENT I owe a deep gratitude and heartfelt thanks to Dr Kamal K. Gupta, Associate Professor, Department of Marketing Research, INMANTEC B-School, Ghaziabad; who has encouraged and guided me throughout my research work. I also express my heartfelt gratitude to him for his unmitigated support, meticulous reviews, in depth inquiries and advice on work. It has added immense value to the report. I am extremely thankful to Mr. Mritunjay Sharma, General Manager Sales (North India), Anmol Bakers Pvt. Ltd; for giving me opportunity to associate myself with the organization. I am expressing heartfelt thanks to Miss Falguni Chakrabortys (HR) for giving me opportunity to work at Anmol Bakers Pvt. Ltd, as a MARKETING INTERN. Last but not the least, I express my deep sense of gratitude to all the retailers and wholesaler who participated in the survey of the study and...
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