My Years with General Motors (Review and Analysis of Sloan Jr.'s Book)
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About this ebook
This complete summary of the ideas from Alfred P. Sloan Jr.'s book "My Years with General Motors" shares Alfred P. Sloan Jr.'s experience as a CEO of General Motors from 1923 to 1946. In his book, the author explains the policies and processes he used at General Motors to make it the number one organisation in the automobile industry. By learning about his strategies, you can start applying them to your own business and take your company to the next level.
Added-value of this summary:
• Save time
• Understand the key concepts
• Expand your business knowledge
To learn more, read "My Years with General Motors" to learn about one of the top companies in the world and how it achieved success.
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My Years with General Motors (Review and Analysis of Sloan Jr.'s Book) - BusinessNews Publishing
Book Presentation
My Years with General Motors by Alfred P. Sloan JR.1
Important Note About This Ebook
Summary of My Years with General Motors (Alfred P. Sloan JR.)2
Part 1
Part 2
Part 3
Part 4
Part 5
Part 6
Part 7
Part 8
Part 9
Part 10
Part 11
Part 12
Part 13
Part 14
Part 15
Important Note About This Ebook
This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.
Part 1
Two key events occurred in 1908 which were to have a lasting impact on the automotive industry:
Henry Ford announced the Model T, and started organizing his company around the concepts of assembly-line production, high minimum wages and a car which would become progressively cheaper as more were manufactured. (Within less than 8 years, the Ford Motor Company would be following this formula to sell more than 500,000 Model T’s per year. In 1920 alone, over 2 million Model T Fords were sold).
William C. Durant formed the General Motors Company on September 16, 1908. Over the next two years, 25 companies, including Buick, Oldsmobile and Cadillac, were brought into the company in one of the most successful corporate consolidations in history.
Both Henry Ford and William Durant would later become widely known for the business enterprises they formed during an exceptionally volatile period for the automotive industry.
In setting up General Motors, Durant followed three key ideas:
To provide a variety of cars for a variety of tastes and economic levels.
To diversify to cover as many possibilities of the engineering future of the automobile as possible.
To increase integration by bringing automotive parts manufacturers into the same corporate entity as vehicle assemblers.
William Durant was good at building a company, but had less skill in running one. Within two