Topic: Evolution of a fortune 500 company & link the concept covered in theme 1 & 2 with the management evolution of the selected company Fortune 500 Rank 15 - General Motors “A car for every purse and purpose" – Alfred P Sloan Jr‚ Former President & CEO General Motors. General Motors‚ one of the world’s largest automakers‚ traces its roots back to 1908. With its global headquarters in Detroit‚ GM employs 205‚000 people in every major region of the world and does business in some 157
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Recommendation Report: General Motors Written For: General Motors Table of Contents Executive Summary.............................................................................................................................3 Introduction………....................................................................................................................……..4 Strengths............................................................................. ............................
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comparing data from 1993 and 1994 Very well researched General Motors - Financial Ratio Analysis I. General Motors History Highlights In its early years the automobile industry consisted of hundreds of firms‚ each producing a few models. William Durant‚ who bought and reorganized a failing Buick Motors in 1904‚ determined that if several automobile makers would unite‚ it would increase the protection for the group. He formed the General Motors Company in Flint‚ Michigan‚ in 1908. Durant had bought
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General Motors (GM) has a number of reasons for the failure of the company. The main issue that was the most efficient problem was the management inability to foresee and take dynamic action to change. Organizations change in better interest of the customers. Management has to be proactive when deciding on what changes requires active action. Failure to adapt to a positive change will lead the organization to an unsuccessful path. Therefore‚ if organizational performance changes negatively‚ the
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OVERVIEW AND ANALYSIS OF GENERAL MOTORS "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. By many standards‚ General Motors is an extremely successful company‚ though an analysis of the corporation today uncovers many troubling issues. GM is and has been the world ’s leader in automotive
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establishment of General Motors in Canada marked the beginning of a period of substantial economic development. The automotive industry is a tremendous contributor to the comprehensive level of economic growth experienced throughout the twentieth century. With the peak of industrialization finally realized‚ there existed opportunity for development and modernization of societies around the world. With this in mind‚ opportunity was present for the production of automobiles for use around the world
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GENERAL MOTORS CORPORATION & THE VOLKSWAGEN GROUP INTERNATIONAL FINANCIAL STATEMENT ANALYSIS Group Members Jose Cervantes Hilda Patricia Moreno Aracelis Nass Keila Urdaneta Florida International University ACG 6255 International Accounting Professor Leonardo Rodriguez Summer 2008 TABLE OF CONTENTS Objectives ………………………………………………………………………………………………………………………………………………………3 The Automotive Industry ……………………………………………………………………………………………………………………………….4 The Automotive
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GM’s Unit Sales Exposure (Worldwide) 19 5.3 GM’s Auto Revenue Exposure (Worldwide) 21 5.4 Moving to a net income like exposure 22 5.5 Hedging the resulting exposure 23 6. CONCLUSION 24 7. SOURCES USED for INFORMATION 24 1. INTRODUCTION General Motors is a large multinational enterprise with operations in more than 200 different countries. It is an American multinational automotive corporation headquartered in Detroit‚ Michigan and the world ’s largest automaker (2001). It employs 365‚000 people
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Determining the Porter’s five-point theory on competitive structure is important for a company to survive the stock market competition. The project analysis is based on General Motor’s Company‚ which has seen ups and downs in its illustrious history. The establishment or entry into the automotive market wasn’t a difficult task for GM. The company’s financial situation was hit with severe competition from foreign rivals and its internal regional alliances. The other external factor that resulted in
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understanding of large scale organizational change. The different changes implemented by General Motors company in an attempt to cope with the economical crisis of 2008 is a perfect example of this concept. This paper details each change undertaken by the organization by highlighting the different pressures identifying the problems the organization met and ultimately detailing the solutions that General Motors implemented. For this purpose‚ different tools and sources from the literature will be used
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