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Performance Management Systems of General Motors

Introduction

General Motors also known as GM is an American Multinational Corporation involved in the manufacture of vehicles and whose headquarters are in Detroit. The company has been facing many challenges in its management that saw it declare bankruptcy in the year 2009. The company has continued to hit the headlines since then for the wrong reasons and headlines saying that it is headed to the doom days. The company was able to recover from the bankruptcy through a government bailout but has not achieved the best in the market and industry. Some of the core brands like Chevrolet, and Buick among others have continued to face a hostile environment due to factors like competition from other manufacturers like Toyota and Volkswagen. The company has also faced problems with its employees over the years that have seen it loose many profits and fire some of its workers. The issue of employees and poor management has also played a major role in the many recalls that the company has been forced to make to some of its products.

Vision and Mission Statement of GM

            The paragraph of the mission statement of GM indicates that the company is engaged in socially responsible operations throughout the world. The statement indicates that the company is dedicated in providing such qualities that its customers will receive superior quality. The statement touches on employees and partners stating that they will share in the success of the company and the stock-holders and investors will get the best returns out of its operation. The statement is strong but the parties stated in it are yet to see its application. The vision statement for the company is to see it become a world leader in transportation products and related services. According to the statement, the company will earn the customers’ enthusiasm through continuous improvement driven by innovation, integrity, and teamwork. From the grounds in which the company stands and what it has been through in the past, facts indicated that it has failed to honor its mission and vision statements. The company has failed to be the leading producer, it has failed to show innovation in production, and the shareholders have earned less from their investment in the company (Jindal, Laveena & Aggarwal, 2015). The company requires revamping of new ideas, strategies, and a change in the management. General Motors requires a performance management system that will see it progress from where it is position presently. 

Performance Management Systems of General Motors

Introduction

General Motors also known as GM is an American Multinational Corporation involved in the manufacture of vehicles and whose headquarters are in Detroit. The company has been facing many challenges in its management that saw it declare bankruptcy in the year 2009. The company has continued to hit the headlines since then for the wrong reasons and headlines saying that it is headed to the doom days. The company was able to recover from the bankruptcy through a government bailout but has not achieved the best in the market and industry. Some of the core brands like Chevrolet, and Buick among others have continued to face a hostile environment due to factors like competition from other manufacturers like Toyota and Volkswagen. The company has also faced problems with its employees over the years that have seen it loose many profits and fire some of its workers. The issue of employees and poor management has also played a major role in the many recalls that the company has been forced to make to some of its products.

Vision and Mission Statement of GM

            The paragraph of the mission statement of GM indicates that the company is engaged in socially responsible operations throughout the world. The statement indicates that the company is dedicated in providing such qualities that its customers will receive superior quality. The statement touches on employees and partners stating that they will share in the success of the company and the stock-holders and investors will get the best returns out of its operation. The statement is strong but the parties stated in it are yet to see its application. The vision statement for the company is to see it become a world leader in transportation products and related services. According to the statement, the company will earn the customers’ enthusiasm through continuous improvement driven by innovation, integrity, and teamwork. From the grounds in which the company stands and what it has been through in the past, facts indicated that it has failed to honor its mission and vision statements. The company has failed to be the leading producer, it has failed to show innovation in production, and the shareholders have earned less from their investment in the company (Jindal, Laveena & Aggarwal, 2015). The company requires revamping of new ideas, strategies, and a change in the management. General Motors requires a performance management system that will see it progress from where it is position presently.

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