The Collapse of General Motors - 7396 Words

MGX 9660 - International Business Theory and Practice Case n °10: The Collapse of General Motors PHAM Trang (23283300) REBOURG Malcolm (23625678) YAO Aileen (20460996) 1 Table of Contents I - Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦.†¦.p 3 II - What are the internal and external factors that contributed to GM’s decline and eventual bankruptcy protection application?†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.....†¦.p 4 ïÆ'Ëœ Internal Factors...†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦p 4 ïÆ'Ëœ Extenal Factors†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.p 5 III - Discuss the latest stage of the new (smaller) GM†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...p 6 ïÆ'Ëœ What are the characterisics of the new GM?..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦p 6 ïÆ'Ëœ Some encouraging signs of recovery†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦....†¦.p 9 ïÆ'Ëœ Threats regarding GM’s trials†¦show more content†¦This heavy burden made the business impossible to sustain in the long run. High cost of internal supplies GM’s decline can also be concluded by the failure of cost cut. As sales decline, variable costs, manufacturing costs and material purchases should also be reduced. However, since GM has significant fixed costs, for instance the pensions and healthcare costs, it has been difficult to do costs cut in a successful way. As a result, the total costs of GM remain much higher than the one of its competitors. Wrong evaluation of customer needs Since 1980, GM has failed to respond to customer preference and needs. This resulted in wrong focus on vehicle types in the U.S. market as customers preferred smaller, cheaper and more efficient cars rather than the bigger vehicle that GM had to offer. However, GM’s profit mainly relies on the sale of SUVs and trucks, which is no more popular and this led to the decline of sales and revenues. In addition, GM’s cars are less fuel efficient compared to its competitors such as Toyota and Honda. This resulted in a decrease of GM sales in Asian and American markets. Furthermore, there is little differentiation among the vehicles produced, so the various customer needs cannot be satisfied and it is more likely for customers to switch to other brands that have better design. 4 External Factors Powerful competitors Toyota, one of GM’s most powerful competitor, hasShow MoreRelatedThe Decline and Collapse of General Motors1053 Words   |  5 PagesThe Decline and Collapse Of General Motors ntroduction General Motors (GM), who once dominated the automobile industry, has now plummeted, almost to the point of extinction. Throughout the 1940’s to the 1970’s General Motors (GM) had dominated the automobile industry. By the 1980’s, GM was suddenly facing a shift in the economy and consumer demands. GM’s Earlier Successes In the 1950’s, GM agreed to pay their workers well, by signing groundbreaking long-term employment union contracts whichRead MoreCase Study : Ford Motor Company1743 Words   |  7 PagesCase Background and Problem Statement: Bill Ford, heir and President of Ford Motor Company (NYSE: F), faced a forecasted thirteen billion dollar loss in 2006. In order to save Ford, Bill Ford had to dramatically alter the direction of his organization [1]. After several unsuccessful attempts at attracting top executives away from his competitors, Bill Ford decided to pursue a route that Ford Motor Company hadn’t in over 60 years by not only hiring a top executive from outside its’ ranks but alsoRead MoreThe Principle Of The Global Business Standards Codex1504 Words   |  7 Pagesyour customer or they will lose the need for your product or service. General Motors Incorporation of the Codex Principles The auto industry has had its troubles over the past decade and caused so many problems for the economy of the United States. It caused millions to lose their jobs and caused severe damage to the local economies in which they had plant operations. General Motors has been at the for front of the collapse of the auto industry. These problems can be traced back to bad ethicalRead MoreBackground Information : Chevy Volt Essay726 Words   |  3 PagesHistory of the Firm General Motors Chevrolet Volt is the world’s second production series hybrid-electric vehicle. It has both an electric traction motor and a gasoline engine. Its best feature is that once its 16 kilowatt-hour battery pack is drained, the 1.4 liter 4 cylinder engine switches on. When this happens it does not drive the wheels mechanically like other hybrids, instead it turns a 55 kilowatt generator that provides current to the 111 kilowatt electric motor and powers the front wheelsRead MoreThe American Automotive Industry Incurred A Major Crisis1012 Words   |  5 PagesBetween 2008 and 2009, the American automotive industry incurred a major crisis, on the heels of the housing market collapse occurring in 2007 (Klier Ribenstein, 2013). General Motors was already in a financial vulnerable situation at this time, having already filed a $10.6 billion dollar loss three years earlier (United States Securities and Exchange Commission, 2005). In 2007, General Motors losses for the ye ar were $38.7 billion and its sales had dropped a full forty five percent from the year beforeRead MoreEssay on General Motors Company922 Words   |  4 PagesWhat kind of vehicle do you drive? Would it happen to be a Chevrolet? A Buick? How about a Cadillac? Or a GMC? All of these brands plus more are made by General Motors Company, or better known as GM. GM is the 2nd largest car manufacture in the world (General Motors Company, 2011). They have provided millions, if not more, vehicles to the world. Thanks to GM, many of the popular vehicle brands that are available, they have produced. You can understand how vital GM has been to the automotive worldRead MoreEssay about The American Economy1358 Words   |  6 Pageswere manufactured by separate firms. The assembly technique also lent itself to an advantageous method of financing. It was possible to begin building motor vehicles with minimal investment of capital by buying parts on credit and selling the finished cars for cash; the cash sale from manufacturer to dealer has been integral in the marketing of motor vehicles in the United States ever since. 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In 1917 he resigned, led by Austrian engineer Franz-Joseph Popp, who changed the name to Bavarian Motor Works. In the same year Max Frizz, the chief engineer designed the company s first aircraft engine and when the treatyRead MoreThe On The Board Game Monopoly1074 Words   |  5 Pagesmost significant factor that catapulted Detroit, Michigan to becoming a prosperous city in America was the mass production of the automobile in the early 20th century. Three companies encompassed the auto industry in America and they were Ford, General Motors, and Chrysler. Consequently, the three companies were referred to as the â€Å"Big Three.† The â€Å"Big Three† established their headquarters, and assemble plants in the Detroit area. David Littman, Senior Vic e President chief Economist, Comerica Bank

Essay on Spiritual Poverty in James Joyces Dubliners

Spiritual Poverty Exposed in The Dubliners Joyce describes the spiritual poverty of the people of Dublin in the industrial age, with powerful images of mechanized humans and animated machines. In After the Race and Counterparts he delineates characters with appropriate portraits of human automation. Machines seize human attributes and vitality in opposition to the vacuous citizens of Irelands capitalist city. Joyces use of metaphorical language brings to life the despair of his country. In Winesburg, Ohio, Sherwood Anderson writes an allegorical account of the failure of mankind (1919). Although Anderson depicts rural life in the New World, his understanding of human nature and descriptive terminology provide a†¦show more content†¦They seek an escape from the dreariness of Dublin, but mistakenly idealize mainland Europe as a vessel for their dreams of transcending the ordinary. With this idea of a utopia across the ocean, people loose interest in every day life and become stagnant. Belief in this myth transforms humans, reducing them to a state of mechanized paralysis without identity. Joyce animates the racing machines in the opening of the story, describing how they came scudding in towards Dublin, and each blue car received a double round of welcome (52). The spectators are dull masses in contrast to the vehicles: Sightseers had gathered in clumps to watch the cars careening homeward and through this channel of poverty and inaction the Continent sped its wealth and industry. (52). People here are inanimate clumps--mere obsolete hardware juxtaposed with the new line of refined technology from the Continent. The central character of After the Race is riding in one of these French cars and he is electrified by its performance. Jimmy--a Dubliner--has taken the truth of the Continents promise as his own, and has thus been disfigured himself into a machine. He pursues a business venture with several Continentals, driven by the falsehood of escape and prosperity that he and his father embrace. As a passive traveler in the car, Jimmy is aroused because rapid motion through space elates one (54). He mechanically responds to the stimulus from an embodiment of his truth: TheShow MoreRelatedJames Joyce Annotated Bibliography Essay3544 Words   |  15 PagesJoyces modernistic view of Dublin society permeates all of his writings. The Irish experiences account for a large portion of Joyces writings. Stephen Dedalus is sometimes Joyces pseudonym and represents Joyce and his life in Joyces works. Joyce plays a crucial role in the modernist movement in literature. Some of the well known innovative techniques used by Joyce are symbolism, realism and stream-of consciousness. James Joyces writings contain autobiographical matter and display his view ofRead MoreEssay James Joyce and Catholicism in Portrait and Dubliners3374 Words   |  14 PagesJoyces Juxtaposition of Catholicism and Aesthetics James Joyce was a prolific Irish writer who wrote about Ireland and the troubles the people of Ireland faced. According to the Volume Library Encyclopedia, with Ireland being about 94 % Roman Catholic, religion is a motif brought forth prominently in Joyces works. In Dubliners, his book of short stories as well as his supposed autobiography, Portrait of the Artist as a Young Man, Joyce shows religious turmoil and indecision through his charactersRead MoreLecture on Short Story5432 Words   |  22 Pagesdeliberate care, a certain unique or single effect to be wrought out, he then invents such incidents--he then combines such events as may best aid him in establishing this preconceived effect† (Poe, Edgar Allan (1984), â€Å"Twice-Told Tales. A Review†, Essays and Reviews, The Library of America. 569-577). Intensity and tension are the two qualities that Poe singles out as distinguishing short narratives from longer narratives like the novel. Poe even prescribes the ide al length of the short tale as thatRead MoreANALIZ TEXT INTERPRETATION AND ANALYSIS28843 Words   |  116 Pageswhere the major crisis, or turning point of the narrative actually occurs. Nor is there any special reason that the crisis should occur at or near the middle of the plot. It can, in fact, occur at any moment. In James Joyce’s â€Å"Araby† and in a number of the other companion stories in â€Å"Dubliners† the crisis – in the form of a sudden illumination that Joyce called an epiphany – occurs at the very end of the story, and the falling action and the resolution are dispensed with altogether. Exposition and complication

Health Social Care Free Essays

Making sure they have their fluids I set my standards very high and undertake all of my tasks for my service user to a gig standard even down to their cleaning, if standards aren’t set high then this can cause problems with the service user for example: – if you don’t brush their teeth one morning and forget to do it the next then their mouth would have a horrible taste and bad breath smell, this could then be called abuse and OVA (protection of venerable adults) could come into it. So it is very important for standards to be high in the work that is carried out. A way of describing how personal attitudes and beliefs that could be affected and how not to approach in this way is:- If you have a service user of different religion even though yourselves don’t agree with this type of religion then you shouldn’t treat them any different Service user has different skin color, you should treat them as any other person with same color skin as yourself If yo u and a service user have had a disagreement then you should just continue doing you work as normal and treat them as you normally would. We will write a custom essay sample on Health Social Care or any similar topic only for you Order Now Outcome 2: Be able to reflect on own activities Reflecting on your own work and activities is good because you can see where you are or have gone wrong, you can then change this by getting more training or advice room other people and they can show you what you are doing wrong. When you have done something good for example: I was in a service user’s home and it was time for her medication, I gave her medication and then noticed she was putting them into her bag I asked if I could see and found loads of uneaten medication I then informed her that I was disposing of this medication. It made me feel so happy by doing this as I know she could’ve been planning an over dose or something. Sources of support for own learning and development could be: Spend time working alongside other colleagues. Talking to colleagues and asking them questions Going to training sessions either internal or external Team meetings and discussions A personal development plan should be worked out with a supervisor. We will then discuss my goals and the best way of achieving them. Then my support manager will go through the best person for me to shadow in my new Job to learn new skills and to work on skills I already have, this person will then report back to my support manager on how well I am doing or if I need more training. This would then be discussed in another meeting we have to review what has been happening and how I am getting on in the new role How to cite Health Social Care, Papers Health Social care Free Essays Be able to support individuals to make choices about food and drink. 1. 1 Establish with an individual the food and drink that wish to consume. We will write a custom essay sample on Health Social care or any similar topic only for you Order Now 1. 2 Encourage the individual to select suitable options for food and drink. 1. 3 Describe ways to resolve any difficulties or dilemmas about the choice of food and drink. 1. 4 Describe how and when to seek additional guidance about an individuals choice of food and drink. It is important to give people some choice in the food that eat. This will make mealtimes more enjoyable. Just imagine being unable to prepare meals for myself ND having to sit down day after day to eat boring, unappealing or badly cooked food. Choice should be offered in the type of food, he way it is cooked and the quantity of food that is provided. It may also be helpful, if possible, to vary the times at which food is provided, so that people can choose the tome at which they wish to eat rather than having to fit in with the arrangements of their care setting. Of course, this is not easy as there are always considerations about staffing and running any care facility. Knowing the types of food and drink a person likes will help to build a trusting relationship. Some people choose not to eat meat because of their concern for animals. Some people have foods that they Just do not like. Some people choose not to eat certain food because of religious seasons. People from some groups will only eat food that has been prepared in certain ways depending on their religions laws. It is important to know what a healthy and balanced diet is encouraging people to make suitable choices about what they eat is a very important part of supporting them. Some people may need to have a special diet for medical reasons, such as diabetes. A healthy balanced diet gives people all the nutrients in the right mounts for their age and gender. The amount of food taken in by a person needs to balance with the energy they use. If these are not balanced, the person will lose or gain weight. For example, an energetic teenager eats more than a older person who is not very active, because the teenager uses more energy. Everyone should eat a variety of foods, so that our bodies get all the nutrients that we need. This is especially important if people are recovering from an accident or an operation. The nutrition pyramid above typically shows the amount needed from each food group every day. If dietary choice permits, try to choose low fat dairy foods and lean meat. Eat two portions of fish each week. Alcohol should be kept within the recommended limits or, better still, to occasional use only. The long-term effects of too much alcohol include conditions that can cause serious damage to the liver, of the stomach. It can also lead to dementia. It is important to encourage people to drink on a regular basis. For example, I could offer water, fruit squash, fruit Juice and other drinks. However, too many sugary drinks, suck as fizzy drinks, and drinks that contain high levels of caffeine should be avoided. A lot of research has been carried out about what we eat. It has shown that too much salt is bad for me because it can lead to high blood pressure and heart disease. Research has also shown that eating enough fruit and vegetables can help to prevent some cancers. A person who eats too much and does not exercise enough may become obese. There can be many reasons why a person does not choose a healthy, balanced diet. They may not know what a healthy diet is. Diet can also be linked to social class because poorer people may not be able to afford good-quality food; however, with some thought it is possible to eat a healthy diet on a budget. Busy lifestyles mean that some people eat a lot of processed or convenience foods, which usually contain a lot of salt and fat. Other pope Just do not want to follow the advice to eat well, because they feel that the unhealthy option tastes better! Make sure that I know what a healthy diet is so that I can help people to make healthy choices. If I help them to develop independent skills by supporting them to do their own shopping, point out the healthy options and alternatives, I may also need to another the consequences of a poor diet choice might be. For example obesity can lead to heart disease, varicose veins, diabetes and arthritis. High cholesterol and diets high in salt can lead to heart attacks and strokes. If I am aware of the consequences, this means that I can offer sound advice. People may be reluctant, or may even refuse, to eat certain types of food which have been noted in their support plan as a requirement for their condition- such as a diabetic diet, a weight-reduction diet or a gluten-free diet. This can cause difficulties in terms of being able to offer freedom of choice. I may feel that this places me, and other care staff, in a very difficult position. If someone is determined to ignore medical advice and to follow a different diet, this should be reported and discussed among the care team and the medical staff responsible for the person’s care. Ultimately I have little control over a diabetic who buys and eats chocolate bars and sweets. However, I do have a responsibility to provide full information and explanations, and to repeat the explanations regularly to the person, making every effort to persuade them to comply with the dietary requirements. If a person chooses, in full knowledge of the consequences, to ignore medical advice, then that is their choice. How to cite Health Social care, Papers

The Australian Competition and Consumer Commission TPG Internet Pty L

Questions: 1. Briefly describe the nature of TPGs advertising which caused ACCC to bring these proceedings 2. What statutory provisions did ACCC allege that TPGs advertising contravened 3. What were the findings (conclusions) of the primary judge about the following aspects of the advertising bundling. the set up fee. single price.4. What were the differences in principle between the approach of the Full Court and the approach of the primary judge in evaluating whether the TPG advertising was misleading? 5. The High Court concluded that the approach taken by the Full Court was not correct. For what reason or reasons did the High Court come to this conclusion? 6. The Full Court, in coming to its conclusions, applied as a precedent the ratio in a case calledParkdale Custom Built Furniture v Puxu (Puxu). The High Court said that the Full Court wrongly applied the principle in Puxu. Explain why the High Court thought Puxu was not a proper precedent to apply to the TPG advertising 7. What did the H igh Court have to say about the dominant message approach? 8. What did the High Court say about the assumed level of knowledge in TPGs target audience? 9. Is an intention to mislead essential for advertising to be misleading? Explain what the High Court thought about this 10. If you were employed in the marketing section of an internet service provider or a fitness centre which was about to launch an advertising campaign promoting an attractive plan for membership in which there were several parts (costs and benefits) to be taken into account by potential customers, what advice would you give about the format of the advertising, based on your understanding of the High Courts ruling in ACCC v TPG? Answers: 1. TPG Internet Pty was a company engaged in providing internet connections to consumers. The name under which the company decided to give away its internet and phone connections was ADSL2+. Although the price mentioned for services in the advertisement of the company was $29.99 but there were hidden costs. The cost which a consumer had to pay after all the additional costs amounted to be $149.95 (ACCC, 2015). Hence, this was the reason for further proceedings which were taken against TPG. 2. TPG had been misleading consumers by providing internet and phone connections at higher amount than normal. The advertisements were misleading and the company went against the provisions of the Trade Practices Act 1974. The price mentioned for services in the advertisement of the company was $29.99 but there were hidden costs. The cost which a consumer had to pay after all the additional costs amounted to be $149.95. Hence, this was the reason for further proceedings which were taken against TPG (Dennis, 1996). 3. Bundling: It was found out by judge in the case that advertisement misled consumers and there were nothing declared about the additional costs either on TV or radio. Setup fee: Judge realised that set-up charges should be normal and in case of TPG, nothing was made clear by the company. In fact the company didnt mention anything about the additional set up charges rather it was mentioned that consumer just have to pay one-time for setting up connection. Single price: IN the case, judge found out that there was no one price declared by the company to consumer. The prices kept fluctuating (boosted in every case) which was unfair as per Trade Practices Act 1974. 4. Primary judge and full-court judge had differences in their opinion. Primary judge held company wrong for misleading consumers whereas full-court judge stated that consumers must be careful about every cost when applying for internet and phone connections (Jeffrey, 1994). 5. There were three key reasons as per which high court decided against full court. One, the opinion of the full court about dominant message was wrong. Second, statements used in regard to puxu used in this case were irrelevant. Third, misleading is one of the wrong practices undertaken by TPG. 6. In this case, the opinion of the full court was dependant on the results of the case park dale Custom Built Furniture v Puxu, but the provisions were wrongly misinterpreted. Park dale Custom Built Furniture v Puxu was about a furniture company so court said that consumers must consider brand before buying it. In this case, it cant be applied as advertisement was misleading and consumers cant pay attention to minute details. 7. Although high court stated that company is doing wrong since it cant issue a misleading advertisement but the court also added that consumers must pay diligence to such advertisements. However, high court do realizes that consumers dont pay much attention to advertisement and dont go through details minutely (Ellinghaus, 2000). 8. High court also stated that consumers might have an idea about the availability of in bundle with the telephone. But the advertisement of TPG can misled consumers since they might think that there are no extra costs for connection. The price mentioned for services in the advertisement of the company was $29.99 but there were hidden costs. The cost which a consumer had to pay after all the additional costs amounted to be $149.95. Hence, this was the reason for further proceedings which were taken against TPG. 9. The high court said that it is not important that companies post misleading advertisements intentionally (Kercher, 2010). However, the primary aim of the company to post such advertisement is to attract clients and present the services in best way possible. TGP case is similar to this as the company tried to present the services in best way but it misled consumers and they had to pay additional costs. 10. After going through High Courts judgment of the case ACCC v TPG, I would advise the company to withdraw their advertisements and highlight the best features about their services but also mentioning about the additional costs in the services. By this, consumers wont be misled and would benefit from the services a lot (Patrick, 2001). In this case, the price mentioned for services in the advertisement of the company was $29.99 but there were hidden costs. The cost which a consumer had to pay after all the additional costs amounted to be $149.95. Hence, this was the reason for further proceedings which were taken against TPG. References Australian Competition and Consumer Commission v TPG Internet Pty Ltd [2013] HCA 54 Campbell v Backoffice Investments Pty Ltd [2009] HCA 25 Trade Practices Commission v Optus Communications Pty Ltd (1996) 64 FCR 326 Parkdale Custom Built Furniture Pty Ltd v Puxu Pty Ltd [1982] HCA 44 Legislation Competition and Consumer Act 2010 (Cth) Trade Practices Act 1974 (Cth)