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Extent of GM Holden's Success in Meeting Vision/Goals

   

Added on  2023-01-13

6 Pages1551 Words80 Views
Leadership Management
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ORGANIZATIONAL
BEHAVIOR
Extent of GM Holden's Success in Meeting Vision/Goals_1

Table of Contents
MAIN BODY...............................................................................................................................3
Extent to which GM Holden is successful/not successful in meeting its vision/goals...3
External Factors..................................................................................................................3
Recommendations..............................................................................................................4
REFERENCES............................................................................................................................7
Extent of GM Holden's Success in Meeting Vision/Goals_2

MAIN BODY
Extent to which GM Holden is successful/not successful in meeting its vision/goals
Sales of the company is declining Australia market. This is creating problem for the
firm and it is now unable to sustain in market for longer duration. After that the next best
model considered by the company that to sell only 364 models. This made them drop from
40 points down in the figure of sales which helped to reach to 58 th position. Strategies of
pickup truck and four SUV has failed and firm lost its market position. Entity has lost its
earlier position in the market. This states that company was not able to meet its vision and
goals
External Factors
Political Factors-
There are many political elements that can impact on overall working of business, as if
government of nation is not stable then it may defiantly impact on trade of the firm because
changing norm creates problem in carrying out operations smoothly. Whereas if government
supports free trade moments and make such laws that can help in expanding business such as
free trade agreement then it will help GM in entering into new market and generating more
revenues successfully (Gleim, Smith & Cronin Jr, 2019).
Economic Factors-
If country is facing inflation then it may affect the investment of GM which will
reduce the return on investment as firm will not like to invest capital in inflation situation
hence profitability of the firm can be reduced (Zinovieva & et.al., 2016). If there is high
employment rate then people will be ready to spend money which will develop demand and
sales of the firm will be raised (Dowell & Muthulingam, 2017).
Social Factors-
Culture impacts on choice of buyers if company is unable to provide them products as
per their preferences then sales of GM will be decreased and enterprise will not be able to
maintain its brand image as well (Toppinen & et.al., 2019). But if company is taking care of
needs of consumers and offering them same products then it will enhance sales which will
help GM in raising its brand image scuessfully (Abdullah & Ward, 2016).
Environment
Extent of GM Holden's Success in Meeting Vision/Goals_3

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