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Essay / Research Paper Abstract
This 5 page paper looks at GM a company that could be facing potential bankruptcy if it does not change. The paper compared the case of GM and its changes and failures to GE a company that was in a similar position but has turned itself around and become profitable and efficient. The bibliography cites 4 sources.
Page Count:
5 pages (~225 words per page)
File: TS14_TEGEGMst.rtf
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Unformatted sample text from the term paper:
it difficult to compete, it has a broad range of products compared to its market size, which is uneconomic, in addition to this the company is suffering from sort term
decision made in the past in order to satisfy unions, such as the granting of retiree health benefits, which is not a crippling cost, but when it was implemented had
little immediate cost or effect on the accounts (Loomis et al, 2006). The company has many problems which it is finding difficult to overcome; many of these may be credits
to the corporate governance of the company in the past. However, the future may not be as dire as predicated. Other major corporations have managed to change and regain their
former glory. One example is General Electric (GE), this is a company that with good leadership adopted a new framework for its corporate governance and managed to become a new
changed company that was efficient and profitable. The case of GM can be compared to the case of GE and the differences identified. General Electric saw many problems in
the 1970s and into the 1980s, the changes were focused in the market and what the market needed. The decisions was to change the business of GE and focus
only on the sectors where the company felt it could be number one or number two. Therefore, there are a pattern of many business owned that were diverse but not
always profitable and fragmented the business, in the same way that GM has many different fragmented brands. However, the long term consideration were what would be the most effective for
the company even though there would be short term costs. It was not only way the company worked that was targeted, just as with GM, GE was also criticised
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