Change in General Motors

In: Business and Management

Submitted By writepaper
Words 3002
Pages 13
Adam Wells
Organizational Change MGT. 435
Change in General Motors
Taneisha Pugh

Change In General Motors

General Motors 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 the rest follow assuming their economy of scope is limited to that particular sector. According to Auto Interiors Conference, U.S. auto sales across all manufacturers, foreign and domestic have declined by more than 30% which is the steepest decline…...

Similar Documents

General Motors

... Takes On the Insular G.M. Culture DETROIT — Fiat will set a new direction at Chrysler, which finished its tour through bankruptcy court Wednesday, completing its deal to join forces with 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......

Words: 1152 - Pages: 5

General Motors

...GENERAL MOTORS COMPANY (GM) History of the Company In 1900 New York held an Auto Show where there was a surprise turnout and it showed just how much interest the United States citizens had with automobiles. This enticed many different companies into entering the automobile history to try and meet the growing demand. On September 16, 1908, William “Billy” Durant founded General Motors Company (GM) who at one time was a leading manufacturer of horse-drawn vehicles in Flint, Michigan. Initially, GM consisted of only the Buick Motor Company but took only a number of years to acquire more than twenty different companies. Some of these companies include Oldsmobile, Cadillac, and Pontiac. Opel, a brand that was recognized worldwide, became General Motor’s first international acquisition ( The major recession that came about in 2008 dried up private sources of capital and had the United Sates Treasury give GM a bridge loan to aide in the restructuring of its operations. Furthermore, it is evident that sales of motor vehicles have increased since the rescue of the auto industry each year since 2009 ( The economy is finally recovering and we will soon see if GM is in a place to again thrive. In the 80’s and 90’s GM encountered its largest single production expansion outside of North America in Spain. Furthermore, since GM had joint ventures in both China and India, they were able to provide a variety of......

Words: 5244 - Pages: 21

General Motors

...GENERAL MOTORS General Motors HRM 587Analysis Paper Lois Hunter D03569279 9/22/2012 Analysis of General Motors Chief Executive Officers and the Change Leader Culture they portrayed in their at tenure in GM Corporation   Case Study: General Motors Moving Forward “How Many Expert does it take to turn a company around? That is the question that the taxpayers of America are asking. General Motors was once the industry leader in America. General Motors was a fortune 500 Company for decades. They dominated the automobile industry .Stocks top out at the highest being sold at 83.00 dollars on the market. General Motors made the middle class in America. General boasted the characteristic in the corporate world as being powerful, stubborn, monolithic, and authoritarian and it main concerns was the assembly lines, called the seeds of success. General Motors was established in 1892 by an R. Olds who created the Oldsmobile his vision was to create horseless carriages. He started the automobile factory in Detroit was soon followed by others in the industry, and he and several others decided to create amalgamation of over different companies. The new automobile entities became known as General Motors. Each new partner brought in his brand as they began consolidating. Mr. Olds had a management style of controlling he knew what needed to be done and he did it. He knew when to start merger and acquiring early in the game he established General Motors. His vision and......

Words: 1997 - Pages: 8

General Motors

...General Motors ‘Unions’ Mandakini Nidathavolu HRM/531 Human Capital Management March 04, 2013 Janis White General Motors ‘Unions’ General Motors Company is identified as one of America’s biggest automobile manufacturing companies, which has a vast global market. In America the act of unionization is considered as the basic right of each employee, and the government has made the relevant guidelines for the organizations, to provide, and protect this right of the employees. The labor union helps the employees to group and discusses their relevant concerns. In the group activity, the employees can raise their concerns regarding any decision taken by the management of the company, and this way they can represent the interests of the employees among the management level decisions. In the perspective of the management, profit maximization is the primary concern, and for this objective they may even overlook the fundamental rights of the employees. Hence the government of the United States of America has ensured that the employees are provided the platform and the legal support to participate in the organizational unions. General Motors is one of the most iconic American automobile companies, which employs more than 200,000 employees throughout its global network. The management of the company has ensured that the important employee rights are protected, and the laws relating to the labor rights are identified, in the foreign markets. The company has......

Words: 1609 - Pages: 7

General Motors

...The Challenges of “General Motors” Joe Allagree Ohio Christian University General Motors was founded in September of 1908 by William Durant. Durant was a leading manufacturer of hoarse drawn vehicles in Flint Michigan. At its inception GM held only the Buick Motor Company, but in a matter of years would acquire more than 20 companies including Oldsmobile, Cadillac, and Oakland, today known as Pontiac. By the 1920’s the demand for automobiles had grown unexpectedly. General Motors was setting the pace of production, design, and marketing innovation that other manufacturers would have to follow if they were to survive. General Motors began to diversify by adding sever different names to the General Motors name, Chevrolet, Vauxhall, and Opel. These lines made added to the reach of GM. The GM motto was “a car for every purse and purpose”( age/acceleration.html). By becoming so diverse, GM proved to the world that the automobile was more than just a means of transportation. By the 60’s GM was facing new challenges and new changes. Environmental concerns were becoming more apparent, and the foreign market played a role in GM’s downsizing of its automobiles. In order to stay diverse and competitive GM was forced to reengineer many of its models. By the 1970’s, GM once again proved diverse and cutting edge ability by introducing the first engines to run off low lead, or un leaded gasoline. GM was beginning to understand that......

Words: 690 - Pages: 3

General Motors

...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

Changes in General Motors

...Change in General Motors Tina L. Wilderman MGT435 - Organizational Change Professor Robert Vega 02/14/2011   Change In General Motors General Motors Corporation was founded in 1902 and has produced nearly 450 million vehicles globally since their inception. The automobile giant has operations in nearly every country in the world. Up until the past decade, GM was enjoying rapidly growing sales and revenues. However, with the recent economic downturn, the challenge has been to capture and sustain their market share while adding to their bottom line. During the global economic crisis, management is left no choice but to make critical decisions that will enable their corporations to endure. Widespread change is necessary and was needed to all functions of GM’s business, including management style, structure, wages, branding, marketing, and technology. The automobile industry employs nearly ten percent, or one out of ten, of the nation’s labor force. GM is one of the largest purchasers of U.S. steel, iron, aluminum, copper, plastics, rubber, electronics, and computer chips. So, in essence, the survival of many other American businesses relies on the survival of GM. If GM doesn’t make some essential changes to start realizing profits, many of their suppliers will suffer the same inevitable fate. According to the Auto Interiors Conference, U.S. auto sales for all foreign and domestic manufacturers have declined by more than 30%, which is the largest decline......

Words: 2402 - Pages: 10

General Motors Strategic Change After Surviving Bankrupcy

...GENERAL MOTORS STRATEGIC CHANGE AFTER SURVIVING BANKRUPCY WORD COUNT: 2726 INTRODUCTION The World Health Organization (WHO) attributes roughly 1.2 million deaths and 39 million injuries to traffic incidents each year (Peden et al., 2002).Two major challenges automobile companies face are enhancing the safety and fuel efficiency components of their vehicles, while there has been significant advancement in these components over the past decades, consumers still demand and want better, safer and more efficient vehicles from automobile manufacturers (Hoffeson, 2012). With the rapid growth of the world’s population it is not surprise that vehicle population and the population of passengers with personal cars have been steadily increasing. Although we are made to believe by popular media agencies through their advertising that U.S automobile producers have closed the gap in safety, high standard products and consistency with their Japanese rivals (Bradsher, 2000). it is however difficult to determine the fact from fiction The U.S automobile industry is a long established manufacturing industry that has seen a lot of strenuous experiences in the last decade. However this industry is still home to two of the world’s largest vehicle manufacturing brands, General Motors (GM) and Ford these two companies alone are that take credit for a large percentage of the world’s vehicle production since the 1980s. Improving vehicle safety is a key strategy company’s use in gaining......

Words: 2978 - Pages: 12

General Motors

...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......

Words: 6125 - Pages: 25

General Motors

...General Motors 1 General Motors Annual Reports XACC/290 Principles of Accounting l General Motors 2 General Motors is one of the largest organizations in the world and general motor’s in December their yearly statement is provided to the general public for view. All of the organizations assets are shown on their balance sheet to let all of the investors know how much money the organization has made over that year and to reassure them that all debts can be paid and if required to hand over money if asked back to the investors at their request. (Kimmel, Weygandt, Kieso, 2011). It's important for administration to be conscious of business asset levels to ensure that important decisions may be made which establish what path the business takes (Kimmel, Weygandt, Kieso, 2011). The decision on whether or not to launch a brand new car line (inventory) or construct a brand new plant (fixed asset) would be affected by the volume of present assets available. It's important to notice that an asset is described as any asset which will change into money within the subsequent 12 months (Kimmel, Weygandt, Kieso, 2011). General......

Words: 1320 - Pages: 6

General Motors

...General Motors is one of the leading automobile manufacturers in the world. It has been a pioneer in global vehicle sales and one of the widely recognized brands all across the globe. Founded over a century ago, it continues to be among the world's largest automakers in terms of vehicle unit sales . With it's global presence, it offer a range of vehicles in more than 120 countries with vehicle manufacturing units in 37 countries and an employee count of more than 212,000 . In the early 2000's, excessive costs, lost margin opportunities, newer technologies and increased competition from other major car manufacturers led General Motors (GM) to yearn for value creation. Various factors such as change in customer demands, ineffective business strategies , profits erosion contributed to this slow down . These setbacks were addressed by Rick Wagoner, Mark Hogan, Harold Kutner, and Ralph Szygenda . They identified and evaluated the industry challenges, opportunities and growth capabilities by identifying the core-problem areas. Their goal was to strengthen the demand and supply chain systems . They built a system that led to a sustainable, value generating business model through developing efficiency and profitability. Their focus was on improved product quality, design, IT infrastructure challenges and integration issues, customer needs and improving the overall profitability. They built upon each of their expertise while making sure that key to success is to ensure tie-up......

Words: 603 - Pages: 3

General Motors

...General Motors: General Motors Corporation (GM) is a multinational automobile manufacturer created in 1908.its headquarter is in the United States. GM is the world's largest automaker as measured according to the global industry sales. GM is the proud sales leader in the automotive industry for the for the last 77 years. As of 2008, General Motors employs about 266,000 people around the world. It manufactures its cars and trucks in 35 different countries. The famous brands under the umbrella of GM are Buick, Cadillac, Chevrolet, GM Daewoo, GMC, Holden, Hummer, Opel, Pontiac, Saab, Saturn, Vauxhall, and Wuling. In 2008, General Motors was the ninth largest publicly traded company in the world. In recent years the company has faced significant financial turmoils, including a 38 billion dollar loss in 2007. General Motors Today: From 1908 to 1976, it had grown expansively. But today its market share has gone down and together, with challenges posed by economic conditions, in the form of increasing healthcare costs and fuel costs and cut throat competition GM is facing a tough time in maintaining its profits. GM is deriving its 100% profits from financing cars and not from the sales of vehicles. Internal factors that account for this decline are the failure of the company to adapt to the changes in the environment such as the consumer preferences and technology, lack of differentiation applied to products and lack of effective cost leadership strategies to efficiently......

Words: 1537 - Pages: 7

General Motors

...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......

Words: 2744 - Pages: 11

General Motors

...General Motors and the Auto Industry: A Strategic Analysis Drexel University Management 450 5/21/2009 Helena Boe, Diane Ketler, Nicole O’Keefe, Andrew Rubenstein, James Siverio Table of Contents Executive Summary 3 A Snapshot of General Motors Today 4 The Strategic Issue Facing GM: Avoiding Bankruptcy 5 The Economy Today 6 History of the recession 6 Economic Climate 7 Stimulus Package 7 Gross Domestic product 8 Inflation Rate 8 Unemployment Rate 8 The Auto Industry Today 9 GM’s Strategy 11 Threats Affecting GM 12 Threat of Rivalry 12 Threat of suppliers 14 Economic Threats 16 Threat of Substitutes 17 Threat of Buyers 18 Threat of Entry 20 Weakness of Internal Cost Structures 21 Government Intervention and the Restructuring of GM 22 GM’s Outlook/Recommendations 23 Works Cited 25 Executive Summary General Motors (GM) is one of the big three auto makers of the world (GM, Ford, and Chrysler) and has historically been the largest and most successful. They have built some of the most famous and classic vehicles on the road which have portrayed messages of both modesty and display of class for a market of consumers who range from working class to music superstar; as Alfred P. Sloan, CEO of the 1920s put it, GM makes “a car for every purse and purpose.” In recent years however, GM has taken an unexpected turn for the worse due to the changing economic climate that is affecting the world. Many economists argue that the US has been pushed into......

Words: 8325 - Pages: 34

General Motors

...General Motors General Motors History General Motors (also known as GM), is the world’s second largest car manufacturer based on annual sales. GM was founded on September 16, 1908, in Flint, Michigan, as a holding company for Buick, operated by William C. Durant. Later during that year, they established Oldsmobile. The following year, Durant brought Cadillac, Elmore, Oakland and several others. In 1910, William Durant lost control of GM to a bankers’ trust, because of the large amount of debt taken in the previous year. Years later, Durant started Chevrolet Motor Car Company and through this he secretly purchased a controlling interest in GM. Once ownership was reclaimed by Durant, he then reorganized General Motors Company into General Motors Corporation. Shortly after, Durant again lost control after the collapsed of the new of vehicle. In 1916, Alfred P. Sloan was chosen to take charge of the corporation and led it to its post global dominance. GM growth lasted to the early 1980s. In the 1980s, GM employed 349,000 workers and operated 150 assembly plants. They led in global sales for 77 consecutive years from 1931 to 2007, longer than any other automaker. Now in 2009, General Motors employs approximately 244,500 people around the world. GMs’ global headquarters is the Renaissance Center located in Detroit, Michigan. Last year, GM sold 8.35 million cars and trucks globally. GM is the majority shareholders in GM Daewoo Auto & Technology Co. of South Korea and had......

Words: 2318 - Pages: 10

SolveigMM Video Splitter Business 6 1 1811 15 + Serial | Mais Forte que o Mundo: A História de José Aldo (2016) | Viña san pedro