The Nature of Decision Making in the GM Organization Essay Example

sold by Toyota. What impediments to pursuing this project do you think existed within GM? The impediments to pursuing this project that existed within GM are the costs needed to fund this project, the difficulty in obtaining the technology to produce a large lithium ion battery for the car, and the fear of failing again at producing another electric car. Their first failure was the EV1 electric car introduced in the 1990s.

The plan for the Chevy Volt seems to be based partly on the assumption that oil prices would remain high and yet in late 2008, oil prices collapsed in the wake of a sharp global economic slowdown. What does this tell you about the nature of strategic plans? The strategy was based on analyzing the existing marketing situation and trends. What do falling oil prices mean for the potential success of the Chevy Volt? Experts agree that gas prices will stay volatile. Supply is limited, and when the world economy recovers, demand will rise. That means a possible return to $4-a-gallon gasoline.

Do you think oil prices will remain low? No. What will it take for the Chevy Volt to be a successful car? in light of your analysis, how risky do you think this venture is for GM? What are the costs of failure? What are the costs of not pursuing the project? I think it will have success for the following factors Its new models have cutting-edge designs that sell well, and its quality rankings and fuel economy rise, If every new model has dramatically better gas mileage in government testing than its predecessor, Proper advertising is done like GM products are appearing

in hit movies, music videos, TV shows and other media.