Preview

xzcxzc

Satisfactory Essays
Open Document
Open Document
2158 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
xzcxzc
Balanced Scorecard (General Motors)
Southeast Missouri State University
Knowledge Management IM606 6:00pm – 9:00pm
Instructor: Dr. Sophia Scott
Submitted by: Robert Carpenter Abdelrahman El-Baroudi Vikas Racharla Ammanamanchi Venkata Satya Sai
Vision: A streamlined brand that represents quality and fuel efficiency through innovative design with the utmost respect for quality
Mission: To build GM in to world’s most valued auto motive company.
Values:
Honesty and integrity
Breakthrough technologies.
Earn customers for life.
GM employees improve communities
Citation: Winning with Integrity, Our Values and Guidelines for Employee Conduct. Retrieved from: http://www.gm.com/content/dam/gmcom/COMPANY/Investors/Corporate_Governance/PDFs/WWI.pdf, Accessed 28 Oct 2014
GM Corporate website. About GM: Our Company. Retrieved October 6, 2014, from http://www.gm.com/company/aboutGM/our_company.html
SWOT Analysis
Strengths Opportunities
Globally Diversified
Investing in Technology
Excellent Leadership
Strong brand portfolio Rising Demand for Hybrid Vehicles
Auto Industry Growth faster than US economy growth.
Factors driving demand are changing.
Increasing consumer confidence.
Weakness Threats
Recalls
Lost Market Share
Damage financial reputation
Past History of Unwanted Cars Fluctuating fuel prices
Intense competition
Tougher Emission Standards Industry Revenue Volatility Very High
SWOT Goal statements used to create the BSC
Strengths and Opportunities
Investing in Technology/Rising demand for hybrid
Goal: To Develop more hybrid and electric vehicle
While petroleum still dominates the world’s market, because of availability and price, there is growing customer interest in gas electric hybrids and pure electric vehicles. Electric vehicles can run on 100% electricity to provide gas and emission free driving.
Citation: GM Corporate website. Innovation: Design & Technology. Retrieved October 6, 2014, from



References: GM Corporate website. About GM: Our Company. Retrieved October 6, 2014, from http://www.gm.com/company/aboutGM/our_company.html GM Corporate website GM Corporate website. GM Recalls 2.42 Million Vehicles in Four U.S. Recalls. Retrieved October 6, 2014, from http://media.gm.com/media/us/en/gm/news.detail.html/content/Pages/news/us/en/2014/May/0520-recall.html Ruiz, B Ruiz, B. (2014) Car & Automobile Manufacturing in the US, Industry Outlook, industry Life Cycle (IBISWorld industry Report 33611a). Retrieved from: library.semo.edu:3450/reports/us/industry/industryoutlook.aspx?entid=816#IO Ruiz, B Ruiz, B. (2014) Car & Automobile Manufacturing in the US, Industry Performance, Key External Drivers (IBIS World industry Report 33611a). Retrieved from: library.semo.edu:3450/reports/us/industry/industryoutlook.aspx?entid=816#KEY Ruiz, B

You May Also Find These Documents Helpful

  • Good Essays

    From the original electric van that was only able to travel 14 miles per hour, innovators throughout the years have been able to create more and more efficient cars that are now as luxurious as a Mercedes-Benz and as powerful as a sports car. With the advancements in technology as well as the continued interest in creating an electric vehicle that was capable of functioning as well as, if not better than a gasoline-powered vehicle, the electric vehicle has reached a point in its life where affordability is the only issue in making the electric car readily available to the middle-class and decreasing the harmful effects of gasoline-powered…

    • 1410 Words
    • 6 Pages
    Good Essays
  • Best Essays

    "How the U.S. Auto Industry Picked Up Speed in 2011." PBS. PBS Newshour, 5 Jan. 2012. Web. 29 Nov. 2012. <http://www.pbs.org/newshour/bb/business/jan-june12/autoindustry_01-05.html>.…

    • 4747 Words
    • 19 Pages
    Best Essays
  • Satisfactory Essays

    Prior to this course I was unaware of just how much fossil fuel the world uses and how if we don’t improve on our consumption we will run out in the not so distant future. As fossil fuel diminishes one step that many of us might consider is reducing the amount of fossil fuels we use in our transportation needs. In this class I researched and compared and contrasted all the major electric, hybrid and standard vehicles in an effort to show readers what type of vehicle may meet there wants and or needs. Through my research I discovered the importance of car companies to continue to make advances on these electric automobiles. While writing this paper I was able to provide justification and a strong rationale in the selection of a vehicle. Lastly, there are many other solutions for example as developing different and cleaner fuels or increasing public transportation. This course has opened my eyes to many energy solutions for the future of our…

    • 9334 Words
    • 38 Pages
    Satisfactory Essays
  • Better Essays

    Business Modeling

    • 2408 Words
    • 16 Pages

    U.S. Automotive Parts Industry Annual Assessment. (2009, April 1). . Retrieved June 6, 2014, from http://trade.gov/mas/manufacturing/OAAI/build/groups/public/@tg_oaai/documents/webcontent/tg_oaai_003759.pdf…

    • 2408 Words
    • 16 Pages
    Better Essays
  • Satisfactory Essays

    "The U.S. auto business in 2015 is a Hollywood movie—one big car chase and a happy ending. If there's a hero, it's scrappy little Subaru, the Japanese company best known as Fuji Heavy Industries (Bloomberg Business)."…

    • 145 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    U.S. (2010, April 21). “A Look Back at GM, Chrysler and the American Auto Industry.” Executive…

    • 601 Words
    • 3 Pages
    Good Essays
  • Best Essays

    The definition of the United States automobile industry is defined by its history and its evolution from the late 19th century to modern times. The industry dates back to the late 1890’s when early pioneers like Ransom Olds and Henry Ford engineered and refined automobile production and evolved the way people traveled. Through the wide spread and growing use of mass production, assembly line techniques and parts innovations, the eagerly thriving US auto industry grew rapidly. By 1920, the industry had three major firms to emerge as leaders in the industry. These three firms were Ford, General Motors, and Chrysler. Henry Ford’s company was the first firm to use assembly line methods to mass produce automobiles for widespread delivery. Mr. Ford also was a pioneer in the consumer lending area that allowed hard working American families to borrow money to help purchase their vehicles. Ransom Olds became a pioneer in the early parts development as he made mass produced auto parts that were interchangeable and thus allowing people to more easily repair their autos (“Industry History”,…

    • 3346 Words
    • 14 Pages
    Best Essays
  • Best Essays

    * Highfill, M., Baki, M., Copus, S., Green, M., Smith, J., & Whineland, M.,(2004), “Automotive Industry Analysis – GM, DiamlerChrysler, Toyota, Ford, Honda”, Academic Mind.…

    • 2371 Words
    • 10 Pages
    Best Essays
  • Powerful Essays

    General Motors

    • 7305 Words
    • 30 Pages

    Of the auto making companies facing the turmoil of falling sales and crashing returns, GM has no doubt been hit the hardest and is facing complete bankruptcy. The fact that GM has such a large portfolio is working directly against their success because of the fact that they are spread completely too thin; by being unable to focus on the core products vital to the company’s success, GM is forced to spread money it does not have around to failing brands which are only driving the company further into debt. Even with initial governmental funding, GM is still unable to find a remedy for its failing success.…

    • 7305 Words
    • 30 Pages
    Powerful Essays
  • Best Essays

    Nissan Leaf

    • 2621 Words
    • 10 Pages

    Dantri (2011). The US automotive market in 2011: Personal cars increase. [Online] December, 26th, 2011. Available from: http://dantri.com.vn/o-to-xe-may/thi-truong-o-to-my-nam-2011-xe-nho-len-ngoi-550852.htm [Accessed: November, 17th, 2011]…

    • 2621 Words
    • 10 Pages
    Best Essays
  • Best Essays

    Ford Motor Company

    • 1049 Words
    • 5 Pages

    The automobile industry is fragile, volatile, and competitive during normal economic conditions, and this intensifies significantly during economic downturns. The recession that began in 2008/2009 crippled the automobile industry on a global scale. The global economy, including the United States, has improved steadily starting late 2010 and continuing until present day. In fact, the output of United States motor vehicles manufacturing is forecast to grow at an annual compounded rate of six percent between 2012 and 2016. The Interindustry Economic Research Find, Inc (IERF) funded this forecasting and research project. Data from the Automobile research provided the chart below - published September 2012…

    • 1049 Words
    • 5 Pages
    Best Essays
  • Better Essays

    General Motors Co is an American multinational automotive corporation and among the world’s big automakers by vehicle sales (GALLIGIAN, 2012), in dong business more than 150 countries. General Motors is like divided into five businesses in segments: GM Europe, GM International Operations, GM North America, GM South America and GM Financial (GM Report, 2012). In (2009), General Motors had several brands and merged from government backed in Chapter 11 reorganization (General Motors Chapter 11 reorganization). As the automotive industry crisis explains in (2008-2009), financial terms, GM was vulnerable.…

    • 1735 Words
    • 7 Pages
    Better Essays
  • Better Essays

    One factor which has increased demand is the growth in real income which has influenced the demand for luxury cars as you can see from the graph below. This is because luxury cars are normal elastic goods. One explanation for this rise in demand relates to the average wage increasing by 3.5% cross country thus increasing disposable income for normal goods causing a shift from Q1 to Q3. This rise in average wage has left consumers with more disposable income, lowering the threshold of what was originally considered un-obtainable. This has resulted in increased sales in fuel efficient cars (which are more expensive) (Donnelly, 2013) and due to this demand, supply has increased. This has evoked the supply and demand for inferior good (less fuel efficient cars) from Q1 to Q2. This combined with the sudden influx of credit available in conjunction with declining inflation rates have given consumers’ confidence and more borrowing power in the market which has…

    • 1589 Words
    • 4 Pages
    Better Essays
  • Best Essays

    Schoenberger, R. (2007, October). U.S. car makers lose ground in a hurry to foreign competition.…

    • 1956 Words
    • 8 Pages
    Best Essays
  • Powerful Essays

    Kia in Usa

    • 5038 Words
    • 21 Pages

    In the brief assignment, the whole industry background has been enumerated which help us understand recently Kia in USA market which one with intense competition and vast potential opportunity. More specifically, a sustainable and stable increasing for Kia was based on a series of moves, such as product promotion: Increase fuel efficiency, Make the vehicle lighter, Downsize the engines, and more innovations to meet the new requirement. Researches have been done on the analysis of Kia’s strategy in USA. To obtain sustainable and stable increasing in USA market, Kia has done massive successful strategies setting, reasonable and successful business and operation level strategy such as sport marketing and long period warranty which were reflected on positive sales increasing. Meantime with assistance of massive case reading and analysis Kia’s key concept of strategy, competition landscape have been proposed and determined. Via three methods analysis we have learned and finally understood Kia has a worth of longing and full of crisis future in USA market. For Kia’s future in USA market, maintain the existing competitive advantages such as production quality, customer service and competitive price and gain more government support as the domestic firm are the key concept of recommendation which is in our discussing.…

    • 5038 Words
    • 21 Pages
    Powerful Essays