Rachel Wittenberger-Metcalf
DeVry University
HRM-587N-61546: Managing Organizational Change L. Shelton
December 2013
Annotated Bibliography
Topic of Interest: My topic of interest is compare and contrast the organizational change companies General Motors (GM) and Ford during the economic crisis over the last 10 years.
Annotation # 1
Title of source: This is the new GM.
Location of source: http://www.gm.com/content/dam/gmcom/COMPANY/Investors/Corporate_Governance/PDFs/StockholderInformationPDFs/Annual-Report.pdf
Author: David Akerson
Annotation: The CEO of GM discusses the vision of change that the company has implemented from 2007 to 2010, including the barriers they have overcome. Without the teamwork …show more content…
Akerson said recently that the company would achieve “a modest gain in its 2012 U.S. market share of 17.9%” (Borney, 2013, para. 13). They plan to update or replace 70% of their vehicles over the next several years. They plan on redesigning their primary sales vehicles to improve sales in the quarter (Borney, 2013). Akerson said that he wants to boost market shares, but he called it “transitory and said the company would not pile incentives into its vehicles to gain sales” (Borney, 2013, para 14). His goal was to be number one in profitability. The effectiveness of change for GM is that the changes that were made have had a positive impact on the company bringing it back around to profit from loss. This article discussed the details of GM’s change …show more content…
motor vehicle industry: Federal financial assistance and restructuring.
Location of source: http://www.fas.org/sgp/crs/misc/R40003.pdf
Authors: Susan Cooney, Richard Bickley, Howard Chaikind, Chase Pettit, Patricia Purcell, Cynthia Rapaport, and Greg Shorter.
Annotation: The economic crisis negatively affected every American in some way or another. Companies such as GM and Ford saw a great reduction of sales from the financial chaos. 2008 was the year that the motor companies were given the opportunity to benefit from TARP. GM restructured their company’s $62 billion debt through borrowing from TARP up to $18 billion through the end of 2009. There was a loss of over 100,000 jobs and a total of nine plants were closed (Cooney et al., 2009). This article discussed the economic crisis and how government intervention affected the motor vehicle industry.
Annotation # 4
Title of source: Business down? 7 lessons from Ford Motor Company.
Location of source: http://www.bizcoachinfo.com/archives/5534
Author: Timothy