Gm Swot Analysis Essay Example for Free

Gm Swot Analysis Essay General Motors Company is an American multinational automotive corporation headquartered in Detroit, Michigan. One of the top automaker companies in the world. General Motors most well known as GM has purchase several brands over the years. Everything started with William â€Å"Billy† Durant who was the founder of General Motors on September 16, 1908 (History and Heritage) Durant was a manufacturer of horse-drawn vehicles in Flint, Michigan but saw great opportunities in the automobile industry. As demand grew over the years so did GM. The automobile company bought Chevrolet, Vauxhall and Opel. GM opened many plants inside and outside the United States and they wanted to create â€Å"a car for every purse and purpose† (History and Heritage) World War I and II were hard times for every company but GM found opportunities on consumers who were eager to purchase goods that were not possible during war. The key to the success of GM was the innovative designs that made consumers felt in love such as Chevrolet Corvette and BelAir, Cadillac El Dorado. At the same time, the company supplied the Allies during war with trucks, tanks and airplanes. GM made a lot of money and more importantly learn from this experience. However, everything was not perfect as companies need to keep innovating and adjusting in order to keep leading an industry. Foreign automakers companies from Japan and Germany made efforts to compete against GM and export cars to the United States that were smaller and had better gas mileage and they were also better for the environment. This new types of cars brought interest to consumers and GM started experiencing losses in the market. Since GM was a large company it was very difficult to change direction. In order to compete against foreign companies, GM had to reorganize the company and compete as a single global company. In addition, GM purchase more brands to get a better variety of vehicles but the company still could not keep pace of the fuel efficient and space of other foreign companies that were growing and taking part of the market share of GM. In spite of everything, GM keeps working hard to regain share from competitors and the fuel efficient is a key area to improve. Nowadays there are other sources of energy such as electric vehicle technology and hydrogen powered fuel-cell. GM was making big efforts to compete but a recession occurred during 2008 and the company filed for bankruptcy. The U.S. treasury gave a loan to General Motors to continue in business and restructure its operations. Nowadays, GM is a more lean company and it has restructure it is operations in order to be more focus on the market. GM has experience great sales and is selling more cars outside the U.S in key markets. Consequently, GM is the leading automaker company in China, Brazil, United Kingdom, Germany and United States. GM has a new face, they have restructure the organization and the company has a new business model with a new vision and experience employees that understand what it takes to be the leading automaker company in the world. GM is focus on delivering the world’s best vehicles with nice designs, efficient fuel and good prices. At the same time, they have learnt from the past that geographically, the demand for cars are different so they have work on delivering cars depending on the continent in which they are working. GM knows that in order to be a leading company they cannot just sell cars; they have to sell the right car to the right market. GM has shown that they are capable of having the latest technology with the Chevrolet Volt and they would keep innovating to satisfy customers demand in every space in the globe. Finally GM wants to have a proactive approach instead of a reactive approach and they know that they need a proactive approach to stay on top of the industry and define the industry standards. GM knows that they still have weaknesses in the company such as a large company that it is difficult to control. At the same time, foreign companies such as Honda, Toyota, Nissan, Kia, Volkswagen have gain customers loyalty and it would be a challenge for GM to gain market share from them. Other weakness of GM would be the complex supply chain of the company since it is a large company and it would have different components from different manufacturers and it is very difficult to keep track of all the orders. GM needs to develop a way to have a low fuel efficient in all of their vehicles because most people know that American cars spend lots of gas. The opportunities of GM are several. GM has many models that are parts of the automobile industry and they have redesign some models so people would buy them. Also they have the support of the U.S government and they are able to give better loan to customers. GM is also present in emerging markets. For example, China is experiencing grow in their automobile industry because more Chinese people are able to afford one. GM is well position in China and they have learnt from joint venture what Chinese people is looking in a car. Moreover, they have restructured the business model of the company and they are aware of their competitive advantage and they know the areas in which they have to improve. The threats face by GM could be the rise of fuel price or the innovation of a competitor that would provide a car to customer that uses a cheaper energy to use it. Also, competitor may improve their designs, prices or quality. Another threat may be the car sharing service or a new Chinese policy that disrupts businesses in China. In my opinion, the biggest threat of GM is the fuel economy standards. The company would need to work harder in this area to get even better than the leading automakers in this area which is Honda and Toyota. To conclude, I believe that GM is doing a great job having a leaner operations and selling different models in each continent since the situation in America is definitely not the same as in Europe. However, they need to work very hard to stay in business because other companies are gaining customers’ loyalty and improving every year. Works Cited â€Å"This is the New GM†. 2010 Annual Report. General Motors Company, n,d. Web. 16 Jan. 2013. History and Heritage. History and Heritage. General Motors, n.d. Web. 16 Jan. 2013.

Comparing A Cage of butterflies to Mission to mars Essays -- essays re

Science fiction produces a "what if" element that asks a question and prophesises the future. There are many texts, which presents the reader or viewer with a particular way of science fiction. The two texts, "A cage of butterflies" by Brain Caswell and "Mission to Mars" by Brian de Palmer, both of which conform to science fiction. The technology used in "A cage of butterflies" is of extremely high standard and produces a theme that prophesises about experimentation and mutations occurring on humans. The theme in "Mission to Mars" is about discovery, communication and reaching out to other life forms. In "A cage of butterflies", the research laboratory in NSW is covertly set, as what they are doing is illegal. The extremely tight security of the laboratory gives the reader a feeling that the research lab is like a prison or a zoo. This impression is also supported by the place where the babies are kept under tight surveillance and the way that they are being monitored through a glass window. The environment the think tanks occupy is more like a home than a lab, because they aren't aware of what is happening, so they refer to the place as the "Farm". The characters in "A cage of butterflies" are intelligent heroes. The "think tank" are a bunch of kids with an I.Q. well above 150. Mikki and Greg are the main characters, both born with natural leadership and who love each other. The babi...

Management and Leadership of Organizations Essay

Management and Leadership of Organizations Unit 1 Individual Project American InterContinental University Details: The internet has created new ways to do business for organizations with much less capital planning as opposed to the high capital needs of traditional brick and mortar organizations. Based on this, how should management and leadership be addressed for each type of business? Research successful traditional and online retailers and address the following issues: Discuss the organizational structure of one traditional and one online retailer. Identify two management or leadership challenges for each type of retailer. Are the challenges basically the same or different? In what ways are they the same or how are they different? If you were advising a successful leader in a traditional retailer who was interested in making the transition to working as an online retail organization, what advice would you give? Management and Leadership This paper I will examine the roles and responsibilities of authoritative managers and leaders in advancement and creating an advantageous authoritative ability in a company. I will additionally differentiate amid administration and administration aural an aggregation as able-bodied as call the roles in which both managers and leaders comedy in creating and advancement an advantageous authoritative ability in a company. I will go on to explain how the arch action of administration supports the conception and aliment of an advantageous authoritative ability in a company. Finally, I will achieve with my recommendations that both managers and leaders can use to actualize and advance an advantageous authoritative ability in a company. The responsibilities of the managers in a company are to overlook employees’ performance, accommodate acknowledgment during advance reviews, and analyze areas of improvements and agent recognition. A company will also have leaders, which are classified as assignments or work leaders. Their duties are to aid advisers like themselves in their circadian job duties. Assignment or work leaders tend to be added accomplished advisers who managers agent this responsibility. Although the two high leaders and management seem to be similar, I can truly tell you they are very different. Someone people maybe a manger but not a true leader. The definition of a manager is to accept subordinates and leaders accept followers. (Changing Minds) There are dissimilarities with a leader and a manager at each company. They can have very different attitudes on their goals. whit a manager in a company’s authoritative goals are linked to the ability of the organization based on the four functions of administration such as planning, organizing, leading, and controlling, as with leaders access goals are on a more personal level. Leaders tend to advance his or her own account rather than accommodate to the â€Å"Main Objective† of the organization. Leaders accept an abundant access on others. According to the analysis I have found it states that, â€Å"Outstanding leaders connect their strategic substance and effective interpersonal processes to codify and apparatus strategies that produce a result and acceptable aggressive advantage†. Within a company, both managers and aggregation leads have a role in creating and advancement an advantageous authoritative culture. Often, a person can tend to act out of ethnocentrism, which is â€Å"the addiction to adjudicator others by the standards of one’s accumulation or culture, which are apparent as superior,† This behavior reflects badly on an organization. Managers and aggregation leads in a company are declared to reflect the personality of the support the overall goals and the organization. For example, a company, it is important that you accomplish every goal to get a customer’s to have absolutely corporation with an operational person in a proper time frame that you guarantee your customers so that they are happy. To do this involves a lot of maneuverings from several people in the organization. Both managers and leads must take on some activity to ensure this is done. An acceptable leader will help motivate the advisers to want to access and meet this goal. This entails the lead of management, which â€Å"involves the manager’s efforts to activate high achievement by each employee†. In A company, administering account achievement evaluations on advisers or employees helps each manager by pointing out employees’ strengths, weaknesses, and areas of improvements to accredit that agent to grow to be more successful. This supports the conception and aliment of an advantageous organizational culture within the company. This way the advisers or employees can see where they are and what area they need to change to be affective in the organization’s goal. The leading action of administration â€Å"involves the manager’s efforts to activate high achievement by employees†. In an organization, this is handled by administering account evaluations of each advisers and having daily team meetings to communicate tasks that are being followed and completed to be sent to high management. This is additionally how administration supports the conception and aliment of an advantageous organizational culture in a company. Recommendations for managers who demand to be leaders are to appearance compassion. To be a leader a person needs to see the world as an opportunity to change. They need to accept the employees’ dilemmas. Respect the assessment of the advisers and accomplish decisions that will be acceptable not only for them but the company as well. Leaders should not be acquisitive or selfish. They need to accept the amount of sharing, and apperceive their success is the effect of the efforts of every individuals. In conclusion I have shown you the different aspects between a manager and a leader in a company. With a new concept and a diverse world of business it is very necessary to implement both the managerial skills with the leadership skills in order to create new ideas. All of the Employees need to feel that their worth everything to the company and that they know that their opinions matter in the company as well. With c company you will always have challenging assignments and implementing that will build an idea in an employee and some are will not be discontent or unhappy. References Changing Minds Retrieved from http://changingminds. org/disciplines/leadership/articles/manager_leader. htm The Art and Science of Leadership sixth edition author Afsaneh Nahavandi

Methodology Research Data - Free Essay Example

Sample details Pages: 9 Words: 2823 Downloads: 10 Date added: 2017/06/26 Category Uncategorized Essay Type Essay any type Did you like this example? Introduction According to Walliman (2001), a methodology explains the theory behind the research methods or approaches. This chapter highlights the theories behind the methodology employed and examines the research methods that are most appropriate for this research which help to better understand the topic under investigation. This research undertakes an analytical review of customer retention techniques of Indian banks, using Citibank as a case study. This chapter outlines how this analysis is undertaken and describes the rationale behind the choice of research design and the construction of the method. Research Method Construction Much of the research undertaken in social sciences is primary. This is based on the collection of primary data, that is, data originated by the researcher for the purpose of the investigation at hand (Stewart and Kamins, 1993). Primary analysis is the original analysis of data in a research study. It is what one typically imagines as the application of statistical methods. However, not every study or research undertaking must begin with the collection of primary data. In some cases, the information required is already available from published sources. This is called secondary research à ¢Ã¢â€š ¬Ã¢â‚¬Å" the summation, collation, and/or synthesis of existing research. Secondary information consists of sources of information collected by others and archived in some form. These sources include reports, industry studies, as well as books and journals. The collection, generation, and dissemination of information is growing. This means that there exists a tremendous amount of secondary data that is relevant to todays decision-making problems. Knowledge accumulation increasingly relies on the integration of previous studies and findings. Glass (1976) argues that when the literature on a topic grows and knowledge lies untapped in completed research studies, this endeavour (of research synthesis) deserves higher priority than adding a new experiment or survey to the pile (Glass, 1976, p. 4). One of the main reasons to value secondary data comes from the ease of collection for research use (Houston, 2004). This information can be of considerable importance for two reasons. Don’t waste time! Our writers will create an original "Methodology Research Data" essay for you Create order Time savings à ¢Ã¢â€š ¬Ã¢â‚¬Å" typically, the time involved in searching secondary sources is much less than that needed to complete primary data collection. Cost effectiveness à ¢Ã¢â€š ¬Ã¢â‚¬Å" similarly, secondary data collection in general is less costly than primary data collection. For the same level of research budget a thorough examination of secondary sources can yield a great deal more information than can be had through a primary data collection exercise. Another, and perhaps more important, benefit to researchers from employing secondary data is that alternative types of data can provide multi-method triangulation to other research findings (Houston, 2004). This is because the knowledge bases regarding many constructs, such as retention and loyalty, have been built heavily through survey research approaches. All things being equal, secondary data should be used if it helps researchers to solve the research problem (Saunders et al., 2006). If there exists data that solves or lends insight into the research problem, then little primary research has to be conducted. Because resource constraints are always a problem for the researcher, it makes good sense to exhaust secondary data sources before proceeding to the active collection of primary data. In addition, secondary data may be available which is entirely appropriate and wholly adequate to draw conclusions and answer the question or solve the problem. This secondary ana lysis may involve the combination of one data set with another, address new questions or use new analytical methods for evaluation. Secondary analysis is the re-analysis of data for the purpose of answering the original research question with different statistical techniques, or answering new questions with old data. Secondary analysis is an important feature of the research and evaluation landscape. Generally, secondary research is used in problem recognition and problem clarification. However, in addition to being helpful in the definition and development of a problem, secondary data is often insufficient in generating a problem solution (Davis, 2000). Whilst the benefits of secondary sources are considerable, their shortcomings have to be acknowledged. There is a need to evaluate the quality of both the source of the data and the data itself. The first problem relates to definitions. The researcher has to be careful, when making use of secondary data, of the definitions used by those responsible for its preparation. Another relates to source bias. Researchers have to be aware of vested interests when they consult secondary sources. Those responsible for their compilation may have reasons for wishing to present a more optimistic or pessimistic set of results for their organisation. Also, secondary data can be general and vague and therefore may not help with decision-making. In addition, data may be incomplete. Finally, the time period during which secondary data was first compiled may have a substantial effect upon the nature of the data. Considering these shortcomings, primary data collection strategy was also adopted after analysis and collection of secondary data. This was purposely done by the author as the author wanted to analyze the previous similar researches before drafting a primary data collection questionnaire. In constructing the primary data collection method, data needs were first specified. Primary data was collected in t he form of interviews with Citibank operational and branch managers, focus groups were also conducted with a sample of Citibank customers. These methods were considered to be the most appropriate in terms of achieving the objectives of the study and worked out best within the time and cost constraints. Semi-structured probing interview with Citibank management staff revealed in depth information and insights on customer retention and relationship banking. Focus groups conducted with Citibank customers was the best way to get information out of them as ideas from person sparked off ideas from another and the group gelled together very well. Also, facial expressions and bodily movements indicated quite a lot in a focus group. It wasnt feasible to conduct telephonic interview or video-conferencing due to the costs involved. Though, initially some thoughts were given to conducting telephonic interviews with Citibank employees, but later on the idea was shelved because of tim e and cost constraints. Secondary data for this research concentrated on collecting data from books, journals, online publications, white papers, previous researches, newspapers (Economic Times) taped interviews, websites, research databases etc. Secondary data was collected and partially analyzed before embarking onto primary data collection methods so that the designing of focus group and interview questions can be framed properly. Although, most of the secondary data was collected by the time primary data collection methods were embarked upon, but secondary data collection didnt stop altogether. In a way, the data collected from the secondary data and the data gathered from field research helped in triangulation. The field research also helped in testing the hypothesis that was developed after studying the concepts and theories (deductive approach). Also, after gaining sufficient insight on the topic, it made it easier for the author to frame the questionnaire, becau se first the questions to test the hypothesis were framed and then specific questions were framed which would have helped in forming a hypothesis (inductive approach). Primary research tried to delve as deep as possible into areas which could not have been covered by secondary research and where first-hand information was absolutely necessary to come to a definitive conclusion. Research Approach Qualitative method is a kind of research that produces findings not arrived at by means of statistical procedures or other means of quantification. It is based on a meaning expressed through words (Saunders, 2006). Qualitative research method often provides rich descriptive and exploratory data and is exploratory in nature. Quantitative methods on the other hand, uses numbers and statistical method, it tends to be based on meanings derived from numbers. The research approach used for this research is primarily qualitative. Both the primary data collection methods concentrate on qualitative data collection. But, quantitative data is also collated in the form of company reports. Company reports were reviewed to analyse the effect of retention measures on management accounts. So, both quantitative and qualitative methods of data collection technique is applied, although the major part of the research relies upon qualitative data and its analysis. Qualitative secondary in formation from a variety of sources are gathered like Citibank Case Studies, Web page , Reference books , Journals , Online journals, Newspaper and Magazine Articles , Taped interviews , Business news channel views , Research Agency) databases . Quantitative data from Citibank Company Reports and other supermarkets are collected and analyzed to compare and contrast the effect of various retention initiatives. The Research Design A research design is the framework or a plan for a study used as a guide to collect and analyse data, it is the blueprint that is followed (Churchill and Iacobucci 2005; pg 73). Kerlinger (1996; pg 102) defines a plan and structure of investigation to obtain answers to research questions. The plan here means the overall scheme or program of the research and includes an outline of what the researcher seeks to do from hypotheses testing to the final analysis of the data. A structure is framework organization or configuration of the relations among variables of a study (Robson, 2002; pg 73). The research design expresses both the structure of the research and the plan of investigation used to obtain empirical evidence on the relations of the problem. Some of the common approaches to research design include exploratory research, descriptive research and causal research. For the purpose of this research, an exploratory research is conducted as little previous researches are a vailable on customer retention in Indian banks. Hence little information is available on how to solve the research since there is little past references. The focus of this study is on gaining insights and familiarity with the subject area of customer retention for more rigorous investigation at a later stage. The approach is very open and a wide range of data and information can be gathered and it will provide the conclusive answer to the problem defined. This research will study which existing theories or concepts with regards to customer retention can be applied to the problem defined. It will rely on extensive face to face interviews conducted with Bank Managers of Citibank to understand the concept of customer retention and how it is implemented. One of the reasons for carrying out an exploratory study for the purpose of this study is, because some facts about customer retention are known by the author but more information is required to build a theoretical framework. Sample Sample selection in this study, was driven by the need to allow maximum variation in conceptions. Individual managers were interviewed according to their expected level of insight regarding customer retention. In total, five interviews were conducted, all participants were employed by Citibank in India. In addition, two interviewees had been directly involved in developing the retention strategy while the other three had gained experience in implementing retention strategies. Thus, the likelihood of uncovering a range of variations between conceptions of retention was increased. Focus group participants banked with Citigroup in some form or the other (current accounts, credit cards, loans etc). These participants represented a mix of genders, age, banking experience, discipline and experience of banking with different banks. Method of Data Collection Data was collected using a semi-structured interview technique, which is characterized by (Booth, 1997 as being both open and deep.Open refers to the fact that the researcher is open to be guided by the responses made by the interviewee (Marton, 1994; Booth, 1997). Deep describes how, during the interview, individual interviewees are encouraged to discuss their conceptions in depth until both the researcher and the interviewee reach a mutual understanding about the phenomenon in question (Booth, 1997; Svensson, 1997). In this study, this facilitated the prompting of interviewees to move beyond the concept of retention and into relationship building and loyalty. All face-to-face interviews were conducted with a single member separately in the participants office, with the interviews lasting between 30 and 40 minutes. Initially a community of interpretation (Apel, 1972) between the researcher and participant was established, with the researcher explaining that the objective of the research was to understand what constitutes effective retention strategy and the importance of retention within the banking community. The question encouraged the participants to reflect upon and articulate their own lived experience of retention. They also focused on the structural-how aspects of customer retention. In asking about the roles and activities related to retention, it tried to figure out the how component of retention. The interviews progressed around these topics, with participants guiding the agenda based on the extent of their interest in the topic. For example, the majority of interviewees drew upon comparisons between the American banking systems when expressing their views on the retention process. In addition to the primary questions, follow-up questions were asked as appropriate. Examples included What do you mean by that?, What happens?, and Is that how you see your role? These questions encouraged individual participants to elaborate the meanin g of customer retention. Data Analysis All five interviews and focus group sessions were taped and then transcribed verbatim. The transcripts were then analysed by the research team using investigator triangulation (Janesick, 1994). In line with the suggestions of Francis (1996), a structural framework for organizing the transcripts was first developed. This prevented the research team getting lost in the enormous amount of text contained in each transcript and ensured we focused on the underlying meaning of the statements in the text, rather than on the specific content of particular statements. The components of the framework were dimensions of supervisors conceptions, which were not predetermined by the researchers but were revealed in the texts. The phenomenographic approach seeks to identify and describe the qualitatively different ways of experiencing a specific aspect of reality (Marton, 1981, 1986, 1988, 1994, 1995; Van Rossum Schenk, 1984; Johansson, Marton, et al., 1985; Sa ¨ ljo ¨ , 1988; Sandberg 1994, 1997, 2000, 2001; Svensson 1997). These experiences and understandings, or ways of making sense of the world, are labelled as conceptions or understandings. The emphasis in phenomenography is on how things appear to people in their world and the way in which people explain to themselves and to others what goes on around them, including how these explanations change (Sandberg, 1994). The framework we used to organize the data in each transcript comprised four dimensions of the explanations that supervisors used to make sense of their world, as expressed by them in the interview: (a) What the interviewees conception of supervision meant to the interviewee in terms of the goal of supervision (referential-what); (b) How the conception was translated by the interviewee into roles and activities (structural-how); (c) What the conception meant to the interviewee in terms of the desired outcomes of the PhD supervision (referential-what); and (d) What factors influenced the interviewees conception (external influences). The organizing framework was then used to reduce the text in each interview transcript to its essential meaning. Each researcher reread the first interview transcript. Discussion, debate, and negotiation then followed as we applied the components of our organizing framework to the first interviewee. Where differences of opinion occurred, a researcher attempted to convince the others of the veracity of their claims. As a result of this ongoing and open exchange, we reached agreement about the components of the first interviewees conceptions that we believed were most faithful to the interviewees understanding of their lived experience of PhD supervision, as represented by their interview transcript. We then repeated this process for the next interviewee until all of the transcripts had been reduced into the organizing framework. Conceptions began to emerge from our organizing framework as we alterna ted between what the interviewees considered PhD supervision to be, how they enacted supervision in their roles and activities, and why they had come to this understanding of supervision. Once these conceptions emerged, we tentatively grouped together interviewees who shared conceptions of supervision that were similar to each other and were different from those conceptions expressed by other super-visors. We then cross-examined our interpretations of each interviewees understanding of supervision by proposing and debating alternative interpretations. This cross-examination continued until we, as a group, reached agreement on two issues: First, we believed we had established the most authentic interpretation of each interviewees understanding. Second, we believed we had grouped interviewees expressing qualitatively similar understandings into the same category of description and had grouped interviewees expressing qualitatively different conceptions into different categor ies of description. Five categories of description, which we labelled as Conceptions 1 through to 5, emerged from this process. Through the same iterative process, and through open dialogue and debate between the members of the research team, we were then able to map the five conceptions into an outcome space. The outcome space illustrates the relationships between the differing conceptions in two ways: First, the outcome space illustrates the outcome of higher priority sought by the supervisor (completion of the PhD or new insight). Second, it distinguishes the fundamental approach to supervision as either pushing (the student is a self-directed learner) or pulling (the student is a managed learner) the student through the process. Table 2 summarizes the techniques we applied, as derived from the literature, to improve the validity and reliability of our interpretations of the interviewees experiences as expressed in the transcripts.