...How General Motors Poor Enterprise Risk Management & Managerial Decisions in the 21st Century has Effected Where They Stand Today Brittany M. Mendez North Greenville University Abstract This paper discusses the rise and fall of General Motors during the 21st century and documents many different managerial decisions that led to where the company is today. It also analyzes the enterprise risk management plan that General Motors was famous for. They were known for being a company that successfully implemented an ERM that was linked to its success after many failures. I will examine how an ERM was the framework to coming up with a plan of action to identify and mitigate risks, but ultimately it was up to supervisors to make the managerial decisions that now General Motors must face the consequences for. Keywords: General Motors, Enterprise Risk Management How General Motors Poor Enterprise Risk Management & Managerial Decisions in the 21st Century has Effected Where They Stand Today General Motors was once regarded as one of the best managed and most successful firms in the world, but between 1980 and 2009 its share of the U.S. market fell from 62.6% to 19.8%, and in 2009 the firm went bankrupt (Helper & Henderson, 2014). In this paper I will examine the decisions that General Motors made in regards to their Enterprise Risk Management Plan and how management decisions determined the fate of where General Motors is today. We all know General Motors has...
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...6437876 Gabriel Dumulon 7517564 RongningHu 7546890 Question 1: I) General Motors faced the major issue of having an enormous company that was splintered apart. They need these divisions to be brought together. The goal for General Motors was to have an information system that brought all the divisions together under one system. However this was not achieved by EDS. By 1995, just before the split off, GM had over 7000 information systems. These systems although more efficient than the previous methods GM had been using was not as effective, and not what GM had been looking for. II). Lack of Communication between divisions. With GM’s vast network of departments, and being a global company, communication is a key to success. The company needed for separate departments such as, accounting, supply chain management and sales to be able to communicate with one another fast and efficiently. EDS was not able to address this issue after the acquisition. III) Mainframe issues were preventing GM from being as effective as it could be. EDS was able to fix many of these issues after the acquisition. This help GM reduce cost and gain some competitive advantage. IV) Organizational issues within the company. This was such a grave concern of the company the management had decided that they would need to partner with another company to maintain their competitive edge. Once EDS was acquired by GM, the company was able to regain much control over its systems. These systems however were...
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...Action Recommendations Brian Medina Kristin Pyka Jennifer Smith Ashley Tolzmann Benedictine University Author Note This paper is being submitted on August 21, 2011 for Michael Hammoud’s MBA 683-D6B1 Project Management course at Benedictine University by team Cabbage and Co. Action Recommendations GM Automotive Primary Problem: The primary problem facing the automotive group of GM is that there is an ever increasing demand for fuel efficient vehicles due to a global awareness of energy conservation. This has driven GM to redesign their current line of vehicles to be more fuel efficient and explore the possibilities for alternative fuel-burning vehicles. Short-term Action recommendation: The automotive business unit of GM should implement a “hold” strategy and maintain the middle ground between “build” and “harvest”. The trade-off involves sacrificing short-term profits for long-term growth and market share. However, with the current race to establish the dominant American, fuel-efficient option, GM’s strategy should be to redesign and expand on their current product offering. The opportunities for expansion and to increase market share are prevalent with the success of the Chevrolet Volt and the recent spike in international sales. Instead of cutting costs and expenditures in a struggling economy, GM should increase resources to R&D in order to stay on the leading edge of the industry and remain competitive with other vehicle manufacturers with the same...
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...MOTOR VEHICLE DRIVERS POLICY MANUAL TABLE OF CONTENTS ARTICLE 1.0 Introductory Information 1.01 General Applicability 1.02 Department of Transportation Regulations 1.03 Nondiscrimination ARTICLE 2.0 Driver Qualifications 2.01 General 2.02 CDL Drivers 2.03 New Hires 2.04 Employees - Driving Is Essential 2.05 Employees - Driving Is Non-essential 2.06 Reinstatement 2.07 Notification of Violations 2.08 MVR Review 2.09 Driver's Licenses ARTICLE 3.0 Vehicle Maintenance 3.01 General 3.02 Vehicle Files 3.03 Daily Pre-Drive Inspection 3.04 Daily Post-Drive Inspection DOT Regulated Vehicles 3.05 Periodic Maintenance 3.06 DOT Inspection 3.07 Mechanical Facilities 3.08 Expense Records 3.09 Cleaning 3.10 Signs ARTICLE 4.0 Vehicle Operating Rules 4.01 Seat Belts 4.02 Passengers 4.03 Fines and Tickets 4.04 Company Use 4.05 Alcoholic Beverages/Drugs 4.06 Laws, Rules and Regulations 4.07 Personal Vehicles 4.08 Locking of Vehicles 4.09 New Drivers ARTICLE 5.0 Accident Reporting 5.01 Accident Reporting 5.02 Accident Kits Dale Williams Trucking, Inc. Motor Vehicle Policy Manual ARTICLE 1.0 -- Introductory Information 1.01 General Applicability. This manual sets forth the policies of Dale Williams Trucking, Inc. and each of its subsidiaries (each such company is hereinafter referred to as "Company") as to the use and maintenance of Company owned and leased vehicles. It is not an employment...
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...Global Issues of General Motors Company (GM) Full Name Institution Global Issues of General Motors Company (GM) Introduction General Motors is a multinational company holding various subsidiaries and interests in many countries across the world. Although this company has been holding a recommendable reputation in motor vehicle industry, there are numerous challenges and opportunities that this company has been facing in the global market. In the global market, there are many challenges and opportunities that are not available in the mother country hence subjecting general motors to a challenging business world (Sperling, 2010). Business environment changes with the change of location holding the fact that there are many factors that the company ought to streamline before making a relevant market entry in a given market segment. General motors has therefore many subjects to handle in a global market, some being of advantage to the company while others challenge company viability in the global platform. Some of these issues are globalization, finance, management, political business interference, competition and Social challenges. These subjects affect the company directly or indirectly hence being reflected in the company performance at the end of every financial year (Sperling, 2010). General Motors is a Multi national and is therefore subject to the influence of several global factors among...
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...University | General Motors Report | Joel Adu | | P11260353 | Word Count: 4303 | [Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] | Contents Executive Summary – Page 3 Introduction – Page 4 – 5 Critical Literature Review – Page 6 – 7 Methodology – Page 8 – 9 Data Analysis – Page 10 – 11 Conclusion – Page 11 Bibliography – Page 12 Appendices – Page 13 - 13 Executive Summary The aim of this report is to discover whether General Motors have improved since their bankruptcy in June 2009 and how? With the aid of primary research appearing in the form of questionnaires and secondary research deriving from articles and other various published documents which discuss the topic of General Motors and their bankruptcy. The result of the research finds us with the findings that General Motors have not only upheld their infamous reputation which they once possessed but they also have increased it by recording their highest profits in their history three years after filing for bankruptcy. Overall this led to the conclusion that it was the transformation of management which assisted General Motors on their route back to the glory days of the company – ‘As late as the 1990s, it was the leading company in the US light vehicle market’ (Maction, 2013) Introduction General Motors, commonly...
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...Supervisor Jukka Paldanius The purpose of the thesis was to evaluate and compare the financial statements of different companies to rate their performances. The emphasis was to be able to choose among several companies the best one to invest in. The aim of the study was met by comparing the risk of different companies, their rate of return, future trends and their strengths and weaknesses. In the theoretical section of the thesis different factors affecting the capital market were discussed, with the focus being on the risks of an investment. Basic financial statements and ratios were discussed briefly. Next cross sectional and time series techniques to compare the financial statements and ratios were revealed. Most of the information from the theories was later on used in the empirical part of the thesis. In the empirical study, initially the financial statements of different companies were taken to compute the ratios, risk, average return, to make trends and common size statements. Then a quantitative interpretation of the risk and return charts, common size statements, trend statements was executed alongside the qualitative discussion of individual figures and tables. General Motors, Ford, Nissan and Toyota are the four automotive company used for the purpose. Finally a clear picture of the performance of these companies from 2008 to 2011 was available. A very high risk but lower rate of return...
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...Strategic Report for Ford Motor Company Rhett Dornbach-Bender Bill Slade Joe Thorpe April 20, 2009 Ford Motor Company (NYSE: F) Table of Contents Executive Summary .......................................................................................................................... 3 Company Overview........................................................................................................................... 4 History ............................................................................................................................................... 4 Business Model and Market Overview......................................................................................... 5 Competitive Analysis ........................................................................................................................ 7 Internal Rivalry................................................................................................................................. 7 Supplier Power ................................................................................................................................. 9 Buyer Power ..................................................................................................................................... 9 Entry and Exit................................................................................................................................ 10 Substitutes ....................................
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...Street Lafayette, La. 70501 Telephone: 337 261-0263 Email: OBABINEAUX@capellauniversity.edu Instructor: Michael Blagg ARTICLE REVIEW FOR UNIT ONE 1 In this article, the author is letting the reader know that as a company grows globally the responsibilities and roles increase. The leaders of growing organizations have more planning and decision-making to do. These organizations that are global put an effect on those with financial opportunities in three principal areas: financing, risk management, and capital budget. CFO’s of organizations can reduce the overall financing caused by mixing the internal and external debt of affiliates in several countries. There’s an example of how money can be borrowed from one subsidiary with increased tax rates and loaned to subsidiaries with decreased tax rates. The author’s argument here is that global organizations have a tendency to use parent debt as a substitute for external debt and raise debt where it is cheapest. Exploitation of internal capital markets is also used to the company’s advantage when financing becomes over the top. In other words, they put the pressure on its subsidiary to pay more when the parent is going through a struggle. This act gives the company a false image of exactly how will it is doing....
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...Strategic Management Process Audree Luevano MGT/498 Strategic Management October 31, 2013 Mario Ducret Strategic Management Process The strategic management process is a valuable process to any organization wanting to remain competitive, profitable, and remain in business. General Motors is such an organization that has used the strategic management process to turn itself around from failing in the automobile industry to being back on top of its game. Primary Components The primary four components of strategic management process are environmental scanning or analysis, strategy formulation, strategy formulation, strategy implementation, and evaluation and control. According to Wheelen and Hunger (2010), “Strategic management is a set of managerial decisions and actions that determines the long-run performance of a corporation” (p. 5). The first component of environmental scanning or analysis which simply put is looking at the organization as a whole and identifying what the organizations strategic factors are both in externally and internally. The best way to do this is a SWOT analysis. The SWOT analysis will identify the opportunities and threats that are external to an organization and in addition will identify the strengths and weaknesses that are internal to an organization. After identifying the organizations strengths, weaknesses, opportunities, and threats, the next component in the strategic management, the strategy...
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...Memo To: Senior Management From: Portfolio Management Team Date: September 27, 2011 Re: SBU Proposal Industry Background Ford Motors Corporation was started by Henry Ford. Born in Wayne County, Michigan, in an area that later became Dearborn, on July 30, 1863, Henry Ford was the oldest of six children. In April 1888, Ford married Clara Bryant, a local girl and the foster child of—like Henry—Irish immigrant farmers. In 1893, his only child, Edsel, was born. Success soon came to him as he took a position in 1891 as an engineer at the Edison Illuminating Company and fairly quickly climbed the ranks. With his love for the outdoors and rural values, Ford might have easily remained in agriculture but something even stronger pulled at Ford’s imagination: mechanics, machinery, and understanding how things worked and what new possibilities lay in store. In the 1980’s, he focused particularly on internal combustion engines. Henry Ford called his first vehicle the Quadricycle. It attracted enough financial backing for Ford to leave his engineer position at Edison Illuminating and helped found the Detroit Automobile Company in 1899. The company faltered for a variety of reasons, and in 1901 Ford left to pursue his own work again. Later that year, the Henry Ford Company was born, but Henry Ford himself stayed with it only a few months. He left in early 1902 to devote more time to refining his vehicles. Ford recognized that with the right techniques, cars could be made affordable...
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...ideal of this project proposal is to compare and contrast General Motors and Ford which have undergone fairly substantial change in the recent past; and how they handled the pressure of change. Lapratt04@yahoo.com HRM-587-12043 Managing Organizational Change Professor Joseph Phillips Due September 7, 2014 Abstract Ford and GM experienced serious issues during the pre and post TARP causing them to restructure and change how they do business. Each of them reacted to these pressure differently. Ford Motor Company as one of the greatest automobile manufacturers of all time started under the leadership of Henry Ford in Detroit, Michigan. His first production was in 1903, the Model A, with an under the floor engine selling for $850. In the first season it sold 1,708 cars (HISTORY of Ford Motor Company, 2014). Whereas General Motors was founded in 1902 by William Durant, who saw that the automobile would one day replace the horse-drawn carriage. The company did not really catch on until 1908, and at first, it was just a Buick holding company. At the end of 1908, however, GM had acquired Oldsmobile, and in 1909, they bought Cadillac, Elmore, and Oakland. The early 1900s were a difficult time for auto manufacturers; the market crash of 1907 adversely affected a lot of small companies, which relied on the banks for credit. Durant saw the economic downturn as an opportunity; he bought smaller car makers, as well as companies that built auto accessories and parts. In 1908, these were...
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...41 st Annual General Meeting of TAN CHONG MOTOR HOLDINGS BERHAD will be held at Pacific Ballroom, Level 2, Seri Pacific Hotel Kuala Lumpur, Jalan Putra, 50350 Kuala Lumpur, Malaysia on Wednesday, 22 May 2013 at 3:00 p.m. N I S S A N E L G R A N D I N F I N I T I F X 3 7 R E N A U L T M E G A N E R S CONTENTS 02 03 05 09 10 14 17 25 27 28 31 Corporate Information Business Divisions Report of the Board of Directors 8 Years Financial Highlights Profile of Directors Corporate Social Responsibility Report Corporate Governance Statement Internal Control Statement Other Statements and Disclosures Audit Committee Report Daily Share Price & Volume Traded on Bursa Malaysia Securities Berhad 33 Financial Statements 133 Ten Largest Properties of the Group 134 Shareholders’ Statistics 137 Notice of Annual General Meeting Form of Proxy CORPORATE INFORMATION Directors Dato’ Tan Heng Chew Executive Deputy Chairman and Group Managing Director Dato’ Ng Mann Cheong Senior Independent Non-Executive Director Dato’ Haji Kamaruddin @ Abas bin Nordin Independent Non-Executive Director Seow Thiam Fatt Independent Non-Executive Director Siew Kah Toong Independent Non-Executive Director Dato’ Khor Swee Wah @ Koh Bee Leng Executive Director Ling Ou Long @ Ling Wuu Long Executive Director Ho Wai Ming Executive Director Audit Committee Company Secretaries Yap Bee Lee Chang Pie Hoon Registered Address 62-68 Jalan Ipoh 51200 Kuala Lumpur Telephone : (03) 4047 8888 Facsimile...
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...Marketing Case Project: General Motors [pic] Zach Bauer Matt Biersdorf Matt Flinn Amy Oliver Danielle Provance Marketing Strategies Professor Paul 11/08/2006 Executive Summary General Motors is one of the largest motor vehicle manufacturers in the world and has been a market leader for over 75 years. The company itself has been going through changes especially in the way that they are creating products and on an internal basis, however, there are some changes that the company still needs to overcome. One of the changes that General Motors has promoted is its’ Flexible Fuel Vehicles which do not run on solely petroleum, rather Ethanol 85. These vehicles cost only $150 more than a normal vehicle, however, the lacking of E-85 fueling stations throughout the nation are making it harder for consumers to take advantage of this “greener” technology while also saving money. The company has also decided to implement a widespread corporate restructuring initiative to help alleviate company debt as a result of rising costs of employee healthcare, benefits, and pensions. Such a plan includes the closure of over a dozen North American plants and manufacturing lines, as well as making substantial job cuts. This three-year endeavor is necessary in keeping General Motors in line with competitors. General Motors is struggling to keep up with its competition in hybrid technology. In order to become a major competitor in the automotive market GM needs to penetrate...
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...General Motors Maren Pöpsel Managerial Finance Ferhat Dastan Table of Contents Introduction 3 Historical Performance and Price 4 Historical Profitability 6 Historical Stockprice 7 Financial Statement Summary 8 Income Statement 8 Balance Sheet 9 Cash Flow Analysis 10 Ratio Analysis 11 Capital Structure 15 Equity Evaluation & Price Target 16 News and Highlights 17 Investment Upsides and Risks 18 Investment Recommendations 20 Introduction General Motor Company (NYSE: GM) is an American multinational automaker in the world. The company’s headquarter is in Detroit, Michigan. General Motor Company is one of the largest companies in the world. The company was founded on September 16, 1908 in Flint, Michigan as a holding company for Buick luxury cars and controlled by William C. Durant. General Motor Company produces cars and trucks in 37 countries and sells services for some brands such as Chevrolet, Buick, Cadillac, Isuzu, Holden, GMC, Jie Fang, Opel, Vauxhall, Baojun, and Wuling. Also, it is doing business with 157 countries and 202,000 employees worldwide. There are four different automotive segments for automotive operations include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO) and GM South America (GMSA). Also the company provides automotive financing services through General Motors Financial Company, Inc. (GM Financial). General Motor led global sales for 77 consecutive years from 1931 through...
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