The GM Foundation The General Motors (GM) Foundation was fashioned in 1976 with a purpose to support and strengthen communities across the country. However in the past year GM has decided to take the foundation in a new direction renaming it GM Philanthropy and Corporate Giving but the transition will not take place until the end of calendar year 2016 (Cain, 2016). The foundation focuses on donating money to projects in the areas of sustainability, STEM education, safety, and to teamGM Cares which is comprised of employees who give time to volunteer in the communities where GM operates (General motors, 2016). “In the last decade alone, the GM Foundation has provided more than $261 million in grants to American charities, educational organizations and to disaster relief efforts worldwide,” reports the foundation’s parent company, General Motors (General motors, 2016). All funding for the GM Foundation is provided by General Motors unless in cases where the foundation matches donations given by its employees. After recently pushing the foundation to expand its philanthropic reach, General Motors names Jackie Parker as the director, global philanthropy and corporate giving who has the daily tasks of accepting grant applications, selecting which grants fall under the foundation’s purpose, and seeing through all projects that are taken on by the organization (Welch, 2015). Although the Foundation has seen many great successes in recent years this has not always been the case as
The year of 1887 marked the beginning of United Way, which originated as Denver’s Charity Organization Society and expanded over 1,000 Community Chests in the late 1940’s (Dess, Lumpkin, Eisner, & McNamara, 2012, p. C19). Then in 1974 their campaign, in America and Canada, exceedigngly raised over $1 billion dollars; thus, causing for the creation of the United Way International so that many countries around the world may have the ability to construct similar organizations that will benefit their nations (Dess, et al., 2012, C19). United Way’s business consist of attracting large companies and
Ford Motor Company is America's one of the largest car manufacturer and seller. In year 1987 it faces an external business environment change in the form of new warranty policy announcement by its major competitors General Motor, which changes the current philosophy of warranty in U.S car market. This policy change may have implications not only on Ford’s sales and market share but also on various departments within organization (such as manufacturing, quality assurance, parts and service, and extended service plans) and their dealer network. In answer, Ford executives have to respond through a best suitable course of action by carefully analyzing the current market variables.
There are four main codes that all minors should know. These codes include business and professions 25662 (a), vehicle code 23136 (a) along with 23136 (b), and penal code 272 (a) (1). All of these codes relate to minors because a minor is anyone who is under the age of 21 and each of these codes say "a person under 21." These codes relate back to me because I'm a minor.
challenges, however, are the most difficult ones to face and overcome. Some environmental issues that
This recession hits home with the automobile industry. During this current recession GM is facing the possibility of bankruptcy, but is hoping to be helped out by the government. History
Henry Ford was an engineer from Detroit, Michigan who had an idea. By 1902, Ford had attempted several times to produce a gas powered vehicle, but with little capital, he realized that his attempts were futile. Ford approached a man by the name of Alexander T. Malcomson about the possibility of manufacturing an automobile. Malcomson, a friend of the family and wealthy coal merchant was reluctant at first but finally agreed with Ford, and decided to assit Ford financially with his endeavor. With Malcomsons investment and Ford's engineering skills a partnership was formed and in mid June of 1903, papers of incorporation for the Ford Motor Company were filed in Dearborn, Michigan.
General Motors incorporates entrepreneurship and innovation into its business objectives. This is evident in General Motors Vision statement which states that its goal is to “lead in advanced technologies and quality by creating the world’s best vehicles”. (1) For instance General Motors has an extensive R & D, Design, and Engineering department that oversees the creativity, innovation, and invention of its strategic technologies and innovation programs which are aligned with its corporate vision. In order to lead in advanced technologies of the world’s best vehicles General Motors incorporates entrepreneurship and innovation concepts, which are essential to competing in the global market place.(2) In the spirit of entrepreneurship, which
Though not much is known about Van Eyck during his earlier life. It is said that he either decided after a while to go to art school after being influenced by his brother Herbert van Eyck. Another thought is while growing up with his brother Herbert, he decided to learn art but it is thought that he did not have enough money for art school so he spent many years studying under his brother. The main reason that Van Eyck became an artist way that he grew up with around 5 brothers and 5 sisters and all of them were artists so that's the most likely reason he became an artist.
Profitability (performance) ratios are used to assess a company’s ability to create equity as compared to its debt and other appropriate expenses created during a particular time frame. A favorable analysis of profitability ratios will reveal that a company’s value is higher than a competitor’s value.
Both Ford and GM completely abide by NYSE corporate governance standards, as they are domestic US companies. Ford and GM are required to strictly follow NYSE corporate governance standards. Toyota is permitted to follow certain corporate governance practices complying with Japanese laws and regulations, the NYSE has ruled that Toyota is exempt from certain NYSE corporate governance requirements. A significant difference in Toyota’s corporate governance structure is that the company currently does not have any directors that can be deemed as independent directors. Another major difference is that unlike domestic US companies Toyota is not required to have shareholder approval of equity compensation plans,
The Bill and Melinda Gates Foundation was established in 2000 by its namesake, Bill Gates, and his wife Melinda. The couple created the foundation “to help reduce inequities in the United States and around the world.”1 It is headquartered in Seattle, Washing and is co-chaired by Bill, Melinda and William Gates Sr. Since its founding the foundation has accrued an incredible $31.9 billion and has a net worth of almost $50 billion. With such spending power, the foundation has been able to make great progress, particularly in the areas of global health. It has also made a sincere effort to improve many public school systems in the US.
Parma's environment was one of great uncertainty due to GM?s announcement and consequent actions involving plant closings as well as a decrease in employment levels at Parma. Although the location made over $700 million in sales, there were quality and customer satisfaction challenges to overcome. The success of the site was further complicated by pressures to improve costs, quality and productivity and additional pressure on management from the union to bring stamping work in-house that had previously been outsourced. Although an agreement with Parma's top management and UAW's Local 1005 had been made in the past that encouraged empowerment, problem solving, group dynamics and effective
Ford Motor Company was incorporated in Delaware in 1919. They acquired the business of a Michigan company, also known as Ford Motor Company, which had been incorporated in 1903 to produce and sell automobiles designed and engineered by Henry Ford. They are one of the world’s largest producers of cars and trucks. They and their subsidiaries also engage in other businesses, including financing vehicles.
Q: 1 Why are Ford and GM entering the Russian car market now? Why did they not invest earlier, and why do they do not postpone investment until the market is bigger?
Over time, it’s how we will build GM into the world’s most valued automotive company.”