DeLorean Motor Company Examining a Business Failure Michael Smith Organizational Leadership 531 September 5‚ 2011 Examining a Business Failure Stainless Steel. Sleek. Gull-wing doors. Back to the Future. The DMC-12 is one of the most recognizable cars in history. John DeLorean‚ a former engineer and executive for General Motors‚ founded the DeLorean Motor Company in October of 1975 (Woron‚ 1982). DeLorean gained popularity for designing the Pontiac GTO and the Pontiac Firebird
Premium
John DeLorean Background: John DeLorean was a divorced‚ health nut‚ and dated younger actresses and models in the corporate scene at GM‚ which did not sit well with the corporate executives or their wives either. He had ear length hair‚ with sideburns‚ a style that can generally be stereotyped with hippies. DeLorean was dedicated to his job and he did it very well. He was told by his boss‚ during his term at Chevrolet‚ that he ran his division as well as anyone‚ and kept his boss informed
Premium English-language films Management Cognition
between the dominant culture and counterculture. DeLorean’s activities have been studied to see how he has created a counterculture in an organization with such a strong dominant culture. There are several ways to counter the dominant culture and DeLorean has done so by “questioning deference to authority”‚ “finding an alternative way to fit in” and “opposing demands for unquestioning loyalty”. 2. There are three types of subcultures; the first is enhancing‚ orthogonal and counterculture. This
Premium General Motors Culture Symbiosis
must attract a new generation of employees. The new director was keen to explore more customers. They audit and certificate more accounts and made larger profits for their company. Andersen guaranteed the accounts for dishonest company from John DeLorean to Enron and WorldCom. The code of ethics which Andersen against are: 1. Standard I (A) Knowledge of the Law. Members and Candidates must understand and comply with all applicable laws‚ rules‚ and regulations (including the CFA Institute Code
Premium Accounting scandals Enron Corporate scandals
Business Failed Business failure is when a company is forced to close because it is unable to generate enough income to cover its expenses. If business owners predict that business failure is evident‚ some will cease operating immediately; others operate until they run out of cash. Established businesses tend to fail because of economic conditions‚ political changes‚ or management decisions. New business failure is mostly the result of poor planning or decision-making. The following companies
Premium Automobile
were trying to relax after an eventful few years. It was 1993 and it was all behind them. The vacation was the perfect way to let it all go. They took their new car‚ the DeLorean‚ and a friend‚ Emmet Brown. They were so relieved to be on vacation that they didn’t even notice that somebody had messed with the controls on the DeLorean. Little did they realize this would be the last time they ride in the fabled car.
Premium English-language films Family American films
Marty McFly time travels using a Delorean with a flux capacitor. It is fueled with plutonium‚ which is very troublesome for them‚ as they must figure out how to collect plutonium. However‚ when Marty visits the future‚ the car gets fitted with an upgrade that allows it to be fueled with waste and
Premium Time Time travel Future
1. 1981 DeLorean DMC-12‚"Back to the Future" Notable Features of Doc Browns DeLorean include Gull-wing doors‚ 16-port twin exhaust boxes‚ Flux Capacitor and ability to travel time when travelling at 88 mph. Even more impressively in the third and final film the DeLorean has the ability to run solely on trash demonstrating its environmentally friendly features. 2. 1959 Cadillac Ambulance‚ "Ghostbusters" The iconic Cadillac Ambulance in Ghostbusters‚ may lack action under the bonnet but it makes
Premium Automobile Automotive industry Porsche
I. Characters A. Major 1. Marty McFly Marty is a teenage boy who a girl could easily consider attractive‚ while himself not an outcast among teenage high school hangout‚ Marty is from a family that is portrayed as the most "uncool" family one can imagine. Marty can be aggravated very easily It is easy to challenge Marty to take part in the most ridiculous fight by calling him "chicken"‚ which he cannot stand and badly responds to right away. This weakness of his becomes well known and
Premium
Joseph Campbell noticed recurring events take place in a certain pattern in most hero myths. This is referred to as the monomyth theory. Notably‚ Back to the Future is one of the many films which follow the pattern. Back to the Future is a classic science-fiction film that tells the story of Marty McFly‚ a teenage kid growing up in the fictional town of Hill Valley‚ California‚ alongside his parents‚ Lorraine and George and two siblings. Marty’s life seems pretty normal but when his longtime friend—the
Premium