ANSWERS TO CASE DISCUSSION QUESTIONS 1. What does the Chevy Volt case tell you about the nature of strategic decision making at a large complex organization like General Motors? Strategic decision making is often met with cognitive biases that are formed around prior victories or defeats. 2. What trends in the external environment favored the pursuit of the Chevy Volt project? Trends included increases in oil prices‚ global warming‚ costs of manufacturing lithium ion batteries was falling
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Closing Case 1: “Planning for the Chevy Volt” 1. From the case of Chevy Volt‚ it shows that in the large corporation such as GM‚ there is much complexity than the small company. The strategic decision making is required the vision of the leader of the company in order to drive the company into the profitable and sustainable way which is the goal of business. However‚ people in a group of management committee do not always think the same and it is hard to judge at the first place whether the
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1. What does the chevy volt case tell you about the nature of strategic decision making at large complex organization like GM? The Chevy Volt case tells me the nature of the strategic decision making at a large complex organization like GM can be difficult and challenging due to having to convince other managers to agree with the ideas for new strategies. In the case it states that the two persons‚ GM’s vice chairman and the head of RD&D had already proposed to make the Volt in 2003 but were turned
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Closing Case: Planning for the Chevy Volt 1. What does the Chevy Volt case tell you about the nature of strategic decision making at a large complex organization like GM? From the Chevy Volt case‚ we can see that GM is a large complex organization and has a lot of processes to make any decision in changing their strategic plan. Moreover‚ they sticked to the past failure that they had experienced. Therefore‚ they moved too slow and missed the opportunity to change or adapt themselves to the external
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future are straightforward: • Continue to execute the North America turnaround plan; • Grow aggressively in emerging markets; • Continue development and implementation of GM’s advanced propulsion strategy; • Improve business results The Chevrolet Volt has been named the most influential product in the General Motors repositioning strategy by top executives because of its direct correlation to all the core business initiatives through some form. As Chevrolet has repositioned itself in North America
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Chevy Volt What does the Chevy Volt case tell you about the nature of strategic decision making at a large complex organization like GM? From the Chevy Volt case‚ we can see that GM is a large complex organization and has a lot of processes to make any decision in changing their strategic plan. Moreover‚ they sticked to the past failure that they had experienced. Therefore‚ they moved too slow and missed the opportunity to change or adapt themselves to the external trend or a better opportunity
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Grant June 7‚ 2011 Strategic Management Closing Case Page 36 Planning for the Chevy Volt 1. What does the Chevy Volt case tell you about the nature of strategic decision making at a large complex organization like GM? Increase in oil price‚ Limit carbon emission goes green‚ and the cost of manufacturing lithium ion batteries was falling 2. What trends in the external environment favored the pursuit of the Chevy Volt project? Toyota best selling hybrid Prius shows
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1. The Chevy Volt case tells me the nature of the strategic decision making at a large complex organization like GM can be difficult and challenging due to having to convince other managers to agree with the ideas for new strategies. In the case it states that the two persons‚ GM’s vice chairman and the head of RD&D had already proposed to make the Volt in 2003 but were turned down by the other managers. However‚ in 2007 with the changes in the external environment the other managers agreed
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Planning for the Chevy Volt Case General Motors is a company in deep trouble. As car sales in North America collapsed in 2008‚ GM‚ which had already lost money in 2007‚ plunged deeply into the red. With losses estimated at $14 billion‚ the company was forced to go cap in hand to the government to beg for public finds to help it stave off bankruptcy. Fearing the economic consequences of a collapse of GM‚ the government agreed to loan funds to GM‚ but it insisted that the company have a clear
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CASE STUDY CLOSING CASE: “PLANNING FOR THE CHEVY VOLT” 1. What does the Chevy Volt case tell you about the nature of strategic decision making at a large complex organization like GM? The Chevy Volt case tells me the nature of the strategic decision making at a large complex organization like GM can be difficult and challenging due to having to convince other managers to agree with the ideas for new strategies. In the case it states that the two persons‚ GM’s vice chairman and the head
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