GENERAL MOTORS – CASE STUDY
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General Motors – Case Study
Introduction
General Motors first opened its doors in 1908 and it was the only car manufacture in the area. General motors expanded and by 1920s it was the biggest manufacture of vehicles, this happened under the management of Alfred Salon (Hashim, 2014). Alfred Salon consistently pushed for different styles and models of car every year. At the time the company already had four different types of car models to their name. Furthermore, General Motor was the sole manufacturer of cars; it had no other company to compete with. However this success was not to last long, because when Toyota Company started to manufacture cars everything changed for General Motors. In
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This process requires very specific scrutiny and consideration of data to make decisions in an organization. Balanced choice making taking into account logically acquired data is what rational decision making advocates to decrease the possibility of the same problem reoccurring again. This method can likewise diminish disappointments because the assessment and determination procedure of this method are in light of typical and rational data and learning. Rational decision making can help business supervisors to manage hard issues in a complex domain.
“It is a well-defined step-by-step approach that required defining problems, identifying the weighing and decision criteria, listing out the various alternatives, deliberating the present and future consequences of each alternative, and rating each alternative on each criterion” (Simon,1978). Utilizing this model, the issue will be attended to by using simple steps, and all parts of the subject will be considered with conceivable arrangements and afterward settle on good decision.
Application of the
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In this case, they have to rely on their intuition or their past experiences, which is solving it the way we did before (Perrow 1972). This concept applies to General Motors in that probably the managers did not have all the information about the changing taste of the market. For this reason, they opted not to change their car models because they did not understand the needs of their customers. Therefore, the underlying cause of General motor’s problem is they probably failed to make a decision or find a solution to their problem because they did not want to go the long way. Heuristics, however, advocates for use of common sense to make decision. General Motors’ managers should have tried to understand what was going on then decide on the action to be taken. Business managers should take risks and courageously make decision even in the event they do not lack all the required information. They should use their judgment to make
In this time it was known as the Gilded Age of American Autos. After cars became more popular as people saw them. The manufactures started to grow in numbers. During this Era there were more and more automobile companies popping up all around the United States. There were three major manufactures that still hear about and still have
Once this has taken place, Mr. Miller will need to select a decision-making model such as the Administrative Model, Incremental Model, or Mixed Scanning Model to follow. 2. What decision-making approaches could Principal Miller use to ensure the quality
One of the most common action that businesses as well as individuals needs to face on a daily basis is a decision making process. Some of the choices can be difficult, other very simple , yet no matter on the situation these choices can have a large impact on our future life. As we are all aware, conflict can occur very fast and easily, so for the same reason it is important to learn how to effectively deal with these kind of problems. There are many different techniques which we can use while reducing the tension , yet the six step model process is known as the most effective.
General Motors is a multinational company that makes and sells vehicles and its parts. In 2009 General Motors had some financial problems. The automotive company had difficulties with their finances, as a result, the company was not profitable and was leaning towards bankruptcy. The company then reached out to the government for money to help with their situation. The Bush-led government decided to use $49.5 billion of taxpayers’ money to help General Motors out.
It is a systematic method that utilizes knowledge, measures, and environmental analysis to produce the most ideal solution. Each decision is analyzed based on its possible consequences with an emphasis on short and long-term solutions. These processes require ample amounts of information, time, and people. While quality solutions are produced, the willful choice model does not allow for flexibility regarding environmental changes such as technology and healthcare policy. Internal changes including turnover also negatively impact the rational decision process.
Tesla Motors is an American-based company that deals majorly with designing, manufacturing and selling of electric cars as well as electric vehicle powertrain components. Since its formation by a group of Silicon Valley engineers in 2003, Tesla Motors Company has gained global fame and incomparable customer loyalty. Tesla Motors have significantly grown from the year of its commencement till now. The sales and revenue of the company has increased year after year which is evident from its annual report. In the year 2011, the company has generated revenue of 204.224 million which has considerably increased to 4.05 billion in 2015 (Marketwatch, 2016).
The firm is a multinational enterprise, with offices in 10 different countries and car stores in some 25 countries. Its main product line is the Tesla electric cars, currently consisting of three models: the Tesla Model S, Model X and Model 3. The Model 3 was launched in 2017 and is aimed at the lower spectrum of the EV market, whereas the model S and X are high-end cars serving the ‘premium’ segment. In this essay, I will examine Tesla’s
Without a formal procedure, the contributory factors to the process are difficult to conclude. Preferences and values of decision-makers vary and are inconsistent. The discussion may be hindered and the effectiveness of the model is limited (Guy,
MICHIGAN MANUFACTURING CORPORATION The Pontiac Plant, 1988 Case Report Summary Statement: The Pontiac plant started functioning in 1914 and had several problems and issues with respect to its profits and expectations. The UAW had posted its concerns and even considered on the decision of closing the plant. Noelle Allen, the Vice President of the heavy equipment division(HED), proposed three alternative solutions to tackle the problems associated with the Pontiac plant.
The Automobile Industry is very complex and to start a business in automobile industry high level of capital investment is required. Not only huge amount of money but also a labor force will be essential, which are the main barriers to enter into the automobile industry. For Example, the US auto industry was once considered safe until Honda Motors gave a big challenge to these companies by opening a manufacturing plant in Ohio. The Automobile industry includes many other industries as well for example, tires and seat manufacture. These industries are the suppliers of the Automobile industry.
The Ford Company has also established financial services to expand and cater to the needs of their customers to purchase a vehicle, providing direct loans from the company. Currently, the external environment is conducive for Ford Motor Company, expecting for a demand for its products in the coming three years. The tax, fiscal, and economy policies in the present automobile market are favorable for the Ford Motor Company at the national and international levels. General Motors Corporation (GM) headquarters are in Detroit, Michigan. This company has employees approximately 250,000 employees, and it had approximately 20 percent market share in the automobile industry.
WORKPLACE DECISION MAKING- MY REFLECTION 'S Dealing with ambiguity comes naturally to us humans, and it starts with learning our first language as an infant. The effective decision making is an iterative learning process acquired by relying on experiences from our own past reflexes and also learning from those of others. The past couple of years presented an interesting mix of challenges in my workplace, including complex projects with tight deadlines, budget cuts and building out teams at short notice later. One such project involved automation of calculations for economic risk capital, which is a loss buffer maintained by banks.
However, Toyota still sells more vehicles each year but the gap has narrowed down to less than 1.5 million cars. Though Toyotas reputation is going down after a series of recalls, low quality for Volkswagen remains an issue in the U.S market. Volkswagen needs to strengthen its market in the United States to expand its market share. Stefan Jacoby, VWs U.S chief persuaded the board to build a U.S plant. The board later approved the plant and allocated $1 billion for the construction of the plant scheduled to open in 2011.
INTRODUCTION In June 2008, TATA Motors announced the acquisition of brands Jaguar and Land Rover from the car producing giant Ford Motors. The deal was valued at US$ 2.3 billion and is considered an overall success even from intercultural perspective. On the contrary, the deal was speculated to be a huge failure as the world was entering into recession in 2008 and Jaguar Land Rover (JLR) was incurring huge losses. The deal was an all cash deal with 100% acquisition of Jaguar Land Rover’s businesses.
Brief History of Company Maruti Suzuki India Limited is one of the leading 4-wheeler automobile manufacturing company in India. It is a subsidy of Japanese manufacturer Suzuki. The company was founded in the year 1981, and the first manufacturing plant was set up in Gurgaon, Haryana. The company was previously known as Maruti Udyog Limited. It entered into a Joint Venture Agreement with Japanese Automobile giant Suzuki.