I. Executive Summary Rick Wagoner is the CEO of GM. He is from Richmond‚ VA‚ 55 years old and he graduated from Harvard Business School. His current salary is $1.5 million a year‚ not including benefits and bonuses. (maybe not now since he has resigned). Wagoner started at GM in the treasurer’s office in 1981. After moving up through the company in May of 2003 he became their CEO. While he has been at GM‚ they have lost $85 billion. He has been complimented for his efforts
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General Motors: Functions of Management INTRODUCTION General Motors Corporation (GM) one of the world ’s largest automakers‚ was founded in 1908‚ and today manufactures cars and trucks in 34 countries. With its global headquarters in Detroit‚ GM employs 252‚000 people in every major region of the world. They also sell and services vehicles in some 140 countries (GM‚ 2009). GM employs the four functions of management: planning‚ organizing‚ leading‚ and controlling. Their collective
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GENERAL MOTORS Contents: Introduction………………………………………………….. 2 Background of the Company…………………………. 2 Present Age GM……………………………………………. 5 Micro Environmental Factors………………………… 6 Macro Environmental Factors………………………. 10 Marketing Strategy………………………………………. 13 SWOT Analysis…………………………………………….. 15 Introduction: General Motors Company commonly known as General Motors or GM is an American company and is the world’s second largest automaker company. General Motors produces cars and trucks
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that will cause the event (Glassman‚ 2009). The current government bailout of General Motors and Chrysler provides a vivid demonstration of moral hazard. In order to prevent bankruptcy‚ the Canadian government bought stakes in both companies totalling 14 billion dollars (Watson‚ 2009). Chrysler is now owned by Fiat while GM has appointed several Canadian government officials as its new owners (Morgan‚ 2009). This bailout plan can be perceived by these companies‚ as well as other large corporations
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headquarters. General Motors Corporation‚ also known as GM or GMC‚ is the world ’s second largest car manufacturer based on annual sales. Founded in 1908‚ in Flint‚ Michigan‚ GM employs approximately 284‚000 people around the world. With global headquarters at the Renaissance Center in Detroit‚ Michigan‚ USA‚ GM manufactures its cars and trucks in 33 countries. Their European headquarters is based in Zurich‚ Switzerland. In 2005‚ 9.17 million GM cars and trucks were sold globally under the following
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Fiat was not only a survival matter for Chrysler but also became a part of taking care of the company’s sake bankruptcy. Fiat will share its technology with Chrysler to build small cars ‚ and will let Chrysler to gain a new distribution network in the European markets. In other hand‚ some weaknesses will knock the strategic alliance with the two companies‚ technology sharing and mismatch of brand portfolios. This is a major problem and can cause issues related to the goals of both companies. Knowledge
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9 Application for General Motors 11 Results 14 14 Conclusion 15 Limitations of Burke and Litwin Model 15 References 16 References 17 Lazlo‚ C. Laugel‚ J. F.‚ 1999. Large-Scale Organizational Change. Butterworth-Heinemann 17 Appendix 19 Appendix A: GM Profits and Revenues 19 Appendix B: Unemployment rate in Detroit and USA 20 Introduction This report attempts to get a better understanding of
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Effective Strategies Paper Brenna Heyne MGT/312 12/22/2014 Elizabeth Jones Effective Strategies An effective leader has the ability to motivate and influence others. Sometimes all it takes to save an industry is a great leader to turn it around. Having a leader that uses effective team-building techniques and strategies can ultimately save an industry. Alan Mulally was the great leader that saved the Ford Motor Company. When he became CEO‚ the company was losing billions of dollars annually
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After investing in Buick in 1903‚ William C. Durant quickly put together the companies that became General Motors. It was first incorporated on September 16‚ 1908 with its headquarters being located in Detroit‚ Michigan. A few years after becoming incorporated‚ General Motors acquired big names including Cadillac‚ Oldsmobile‚ and Oakland‚ which is now known as Pontiac. After a financial crisis in 1910‚ Durant had to step down as president of General Motors‚ but that didn’t keep him from the auto-industry
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to the same process and do not make any changes‚ they are compared to the frog‚ and before they know they would be at risk of going through bankruptcy or a total collapse. Strategic management is a process where organizations are always monitoring
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