Impact of Globalization on General Motors - Essay Example

Comments (1) Cite this document
Summary
The paper examine the effects of globalisation in a company for instance GM. For instance, the study has to look at how globalisation has affected GM employees, the production process, the marketing aspect, the information technology aspect and the management aspect…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.5% of users find it useful
Impact of Globalization on General Motors
Read TextPreview

Extract of sample "Impact of Globalization on General Motors"

Download file to see previous pages These include simplifying the process where possible, finding cheaper but high quality material to help with the manufacturing process (Reader 2006, p.7). Additionally the company believes that innovative technology will help it attain better production hence increasing output but the question is how globalisation in the automotive industry affects GM. Globalisation is a double-edged sword that cuts both ways in this case it has both the positive and the negative impact on any industry. However, the degree of managing these effects determines the success or failure of a company in a particular industry. When examining the effects of globalisation in a company for instance GM, we have to look at all the department, branches, plants and any subsidiaries of the company. The reason for this is that globalisation is a multifaceted phenomenon. For instance, we have to look at how globalisation has affected GM employees, the production process, the marketing aspect, the information technology aspect and the management aspect (Alias 2008, p.10). The complexity of the automotive industry demands that the company should effectively deal with the impact of globalisation because if the competitors are able to deal with it more effectively than the GM then this can be catastrophic or detrimental to both the company image and the market. The world is moving towards becoming a global village hence having a very fast rate of globalisation. As a result, companies should strategise and gear up for this cause to avoid eradication due to drastic changes. However, in dealing with the effects of globalisation on the GM it is important to separate all the sections and critically examining them individually ratherthat having a...
The paper tells that increased globalisation has led to increased competition in the automotive industry with registration of new entrants who have better ways of manufacturing and production of vehicles. However, one of the biggest competitors to GM is the Japanese company Toyota manufacturing durable and affordable vehicles. Additionally, due to the persistent hard economic times more and more people are opting to buy fuel-efficient vehicle and vehicles whose spare parts are easily available. The Toyota Company has managed to tap into this market both locally and globally hence giving GM very stiff competition. Additionally, due to globalisation vehicles are becoming cheaper hence reducing the profit margin of GM. Because of this, it forces the company to seek ways of cutting down costs in order to increase the profit margin because they cannot increase the prices due to the demand and supply forces of the market. Globalisation has also made information readily available to consumers in the market. Additionally, the introduction of ecommerce solution has also cut down on the cost of business transactions. Customers are now able to purchase vehicles from another counter through the internet and go through all the relevant processes that will enable him or her get the vehicle at his or her disposal. GM has to deal with these globalisation effects in order to stay afloat in business. The distance between countries is closing up very fast due to the development of efficient ways of transportation and business transactions are becoming easier due to the technological development. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Impact of Globalization on General Motors Essay”, n.d.)
Retrieved from https://studentshare.org/business/1393182-impact-of-globalization-on-general-motors
(Impact of Globalization on General Motors Essay)
https://studentshare.org/business/1393182-impact-of-globalization-on-general-motors.
“Impact of Globalization on General Motors Essay”, n.d. https://studentshare.org/business/1393182-impact-of-globalization-on-general-motors.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
jo
joanaernser added comment 8 months ago
Student rated this paper as
I had an issue with a essay types of works. All until I came across this website and this particular essay. Even though "Impact of Globalization on General Motors" is far from my studies, the structure is so great that I use it all the time as an example for my own works.

CHECK THESE SAMPLES OF Impact of Globalization on General Motors

General Motors

...?The demise of General Motors (GM) and its root cause GM rose out of the shadows of Ford Motor Company from the mid-1920s by focusing on what the consumer wanted and being hawk-eyed over their competition. The company executives came up with a daring strategy that changed the organizational structure and culture to one that would support a vertically integrated, multi-product enterprise. However after gaining industry dominance, Nancy Koehn - Harvard’s James E. Robison Professor of Business Administration – points out at the same executive for leading the company to decline due to a failure of leadership (Staff 14). Nancy Rottering, a former finance executive at GM, describes how GMs executives isolated themselves from the rest... of the...
2 Pages(500 words)Research Paper

General Motors

...Introduction Stiff competition that is experienced by local and international firms calls for adequate measures to maintain the productivity of the employees and reduce labor turnover that has affected the profitability of some companies. One of the notable strategies of enhancing the performance of the employees is through motivation. Among the firms that are focused at strengthening their work force is the General Motors (GM), a US based motor vehicle manufacturing company. This paper seeks to analyze the most applicable motivation techniques that General Motors can adopt in order to develop it human resource and effectively face off its main...
3 Pages(750 words)Article

General Motors

...that face the same challenges in compensation and benefits system are Delphi and United Auto Workers, which terminated these benefits to their employees (Davidson & Matusz, 2011). Experts in the automobile industry reckon that Delphi’s bankruptcy case though being significant did not come as a surprise at all. The challenges in compensation and benefits facing General Motors, Delphi and United Auto Workers highlight the extent to which globalization has affected the salaries and benefits given to U.S. employees and retirees. General Motors and Delphi are the same in all respects because the companies are to blame for this. The case of...
8 Pages(2000 words)Research Paper

General motors

...to which the company found its place among the top three automakers of America. History Founded in the year 1908, William C. Durant was the first controller of the company. At first Durant was into manufacturing of horse driven vehicles, before entering into the automobile industry. Within few years the company went on to acquire many companies such as Cadillac, Oldsmobile etc. After the creation stage, came the acceleration stage. During this time Vauxhall, Opel and Chevrolet brands were introduced which took innovation to a new level. GM vehicles became aspirations and statements and changed the image of vehicles way beyond just transportation. During this time GM also expanded its plants to other states. Globalization...
8 Pages(2000 words)Essay

General Motors

...MEMO May 31, 2006 Impact of Financial Losses for GM Auto Manufacturers Between 2005 and 2006 General Motors (GM) currently might be the No. 1 car maker in the world, but its U.S. market is on a downward spiral. In addition, it has been losing market share to Asian and European markets. In that respect, it is not alone. Chrysler and Ford, the other two top U.S. automakers, are having their problems as well. With gasoline prices at an all-time high, auto manufacturers are hard-pressed to curb their losses. Over the past ten years GM has lost almost half its value, and the past year has been especially dismal for the company. How does the company plan to rally. Are they being realistic...
3 Pages(750 words)Essay

General Motors

...General Motors Background of the Issue General Motor Company (GM) is an American multinational automobile manufacturer and retailer. This company had undergone bankruptcy proceedings in its endeavors during the 2009-2010 fiscal years owing to the strong negative effects of the global economic downturn on automobile sales. Undoubtedly, such negative effects hampered the share market of GM to a substantial extent being many of its large brands, including Chevrolet as well as Cadillac, and many of its prime subsidiaries sold out. Subsequent to its bankruptcy position, GM and its three associate companies trailed voluntary petitions for assistance under Title...
2 Pages(500 words)Research Paper

General motors

...in June 2009. Description and Analysis of the Situation However, this appears to be a part of the story but the financial crisis of GM can be traced back to its history. The economic downturn added to the pressures GM was already facing. This crisis led many of its production units to be shutdown and also reduce the workforce at the plants. The financial crisis that General Motors suffered from was not a part of global financial downturn of 2008. However, even in 2003 auto sales had weakened globally following a substantial rise in the price of fuel. Because of this energy crisis purchase of SUVs (sport utility vehicles) and pickup trucks was adversely affected. The...
10 Pages(2500 words)Essay

General Motors

...a considerable role to the development of the United States and a global economy. Based on the national financial reports of the United States, the company has contributed a higher percentage of economic development for a longer duration since its launching into operation. Not only to the United States, has General Motors’ also had a huge economic impact in its areas of operations. In essence, the organization has triggered operations of the other industries such as aluminum and textile that supply raw materials to the industry. In addition, the company has also created job opportunities both directly and indirectly to a significant number of populations (GM,...
2 Pages(500 words)Essay

General Motors

... Presence in the world General Motors really has global vicinity with production lines in Poland, Russia, South Africa Ecuador, Egypt, Germany, Argentina, Australia, Belgium, Brazil, China, Colombia, South Korea, Spain, Sweden, and Thailand. The organization is even in Viet Nam. Likewise, it additionally has get together, producing, appropriation, office, and warehousing operations in 55 other countries. 2. Weaknesses Lack of control of African and Asian markets The managers at General Motors failed to cease and take control of market in African and Asian countries for their products in the sense that the management was ready to manufacture cars that people in these countries could not afford. Survival of the business relies... % development...
3 Pages(750 words)Case Study

General Motors

... and continues to improve its products to fit its clients’ tastes. References Epstein, M. J., & Buhovac, A. R. (2014). Making sustainability Work: Best practices in managing and measuring corporate social, environmental, and economic impacts. New York: Berrett-Koehler Publishers. Gall, R. T. (2011). General Motors: Life inside the factory: One blue-collar worker's journey. Detroit, Mi: AuthorHouse Gustin, L. R. (2008). Billy Durant: Creator of general motors. Ann Arbor: University of Michigan Press.... General MotorsGeneral Motors has been in existence since its founding in 1909 to date. It continues to provide stiff completion to its competitors in the...
3 Pages(750 words)Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Impact of Globalization on General Motors for FREE!

Contact Us