General Motors Corporation Essay Example | Topics and Well Written Essays - 3500 words

General Motors Corporation - examine ExampleGMs six main automaking divisions have catered to its manifesto of a car for each purse and drive (Monks & Minow, 2008 414).Statement of Purpose This Case Study on the General Motors Corporation is for the purpose of investigating the companys downward spiral into possible bankruptcy. Using appropriate theories and literature, investigation of the What? wherefore? and How? of the organization will help to determine the reasons for the auto giants decline 0ajjind the implications for the future of the company.The reasons for and the processes by which the United States auto giant General Motors Company deteriorated to a position of near-bankruptcy, can be intractable by investigating various factors based on relevant theories of somatic collapse (Fig.1). These would include corporate governance, organisational culture, leadership styles, operational risk management and financial risk management pertaining to the functioning of General Motors. The inherent concepts pertaining to risk management, financial markets and products, and global perspectives on risk are important aspects.A widely comprehend approach that associates the causes of bankruptcy to the characteristics of the company and to the financial symptoms of distress, is essential, in examining the companys financial decline (Thornhill & Amit, 2003). too the financial situation of the company, other crucial factors include the time dimension of failure, and the influence of key non-financial factors such as managerial error which is found to be one of the main reasons (Balcaen & Ooghe, 2006).Over the decades, from the time of GMs inception in 1909, the company has suffered numerous set-backs which destroyed its ability to control the cost of its workforce. Roger metalworker as CEO started downsizing the manufacturing units from 1985, with a commitment to revolutionizing the organization.