General Motors Global Strategy Essay Example | Topics and Well Written Essays - 1250 words

General Motors Global Strategy - Essay Example During the year 2005, 9.17 million cars and trucks from the GM stable were sold worldwide under the popular brand names, which are Chevrolet, Cadillac, Buick, Opel, GM Daewoo, Pontiac, Saturn and Vauxhall. Besides, GM runs one of the major financial companies of the world, GMAC Financial Services offering automotive, residential and commercial financing and insurance. GM's concern for vehicle safety, security and information services has led to its formation of OnStar subsidiary. (The Company: Corporate Information) In its endeavor for forging global partnership and consumer relationships, GM has been the majority shareholder in GM Daewoo Auto & Technology Company of S. Korea, and has product, powertrain and buying collaborations with Suzuki Motor Corp and Isuzu Motors Ltd. of Japan. It also holds advanced technology collaborations with DaimlerChrysler AG and BMW AG of Germany and Toyota of Japan. Besides it has also vehicle production ventures with various automakers across the globe inclusive of Toyota, Suzuki, Sanghai Automotive Industry Corp. of China and Renault SA of France. US constitute the largest national market of GM after which comes China, Canada, the UK and Germany. (The Company: Company Profile) GM has achieved definite success in their global business. ... GM acts locally, but thinks and makes profit on a global basis. In its commitment for environment issues, GM remains concerned for meeting the emission standards for not only the US but also aligns with its global partners for tackling the global problems of emissions. (General Motors) Application of modern technology has always been the global strategy at GM. Its technology on vehicle safety strategy aims at treatment before a crash, during a crash and after a crash to facilitate the driver in avoiding possible crashes, reduction of possible injuries out of a crash and caution emergency rescue to a crash and assist in providing information to aid rescue specialists. In its endeavor towards attaining quality, GM has an integrated quality strategy, which unifies every constituent of GM to propel enhancement towards common quality goals. The business proposals in each functional area like Engineering, Purchase, Marketing and Manufacturing gives relation to the quality strategy and streamlines the responsibility that every organization contributes in reaching the quality objectives that concentrates in producing genuine results. (Our Products: Our Vehicle strategy) Recent surveys of GM exhibits enhanced quality, performance that is above the industry average. Its focus on deign is led by the global life cycle analysis subcommittee wherein the engineers at the company across the globe share important information regarding the design for environment, analysis of life-cycle of various materials and recycling of vehicles. The design engineers at GM focus on designs that give economy in fuel consumption and reduced emissions enhance safety and

Building the Boeing 787 Case Study Essay Example | Topics and Well Written Essays - 4500 words

Building the Boeing 787 Case Study - Essay Example The initial developmental time for launch of Boeing was six years and overall development cost was estimated to be 10 billion dollars. With the introduction of the unconventional supply chain, the estimated development time reduced to 6 years and cost went down to 6 billion dollars. The manufacturing and supply cost was reduced and financial risk was spread among suppliers. The major advantage of outsourcing was gained in terms of expertise in areas of operations. Different parts of the aircraft were outsourced to those businesses which were expert in that area. This ensured production of best quality parts and maintenance of world standards. For example, most of the engines manufacturing were outsourced to General Electric and Rolls Royce, who have mastered the art of advanced engineering in the present competitive world. For Boeing 787, the company outsourced around 70 percent of its business which ensured a lot of cost savings. This cost was put into other areas such as marketing, brand building and launch campaigns for the aircraft. Most of the supplier’s relationship was based on contacts and Boeing had special contracts with tier-1 suppliers. A strict supplier relationship helped in maintaining the time frame for production and shipping of the parts, which helped in timely installation and development. Thus by outsourcing more, Boeing was able to reduce the development cost to a significant level (Wanke, 2004). This was done by leveraging the capabilities of the suppliers. In order to maintain coordination and collaboration between its suppliers, Boeing also established a web-based technology which helped in increasing supply chain visibility and improving overall integration and control of the supply chain business. Reduction in financial risks Most of the outsourced suppliers were in contracts with the company. The company also established risk sharing contracts with each of its suppliers. Under this contact, the final payment will be given only after the successful launch of