General Motors Inc. Essay -- Business, Entrepreneurship, Innovation

General Motors incorporates entrepreneurship and novelty into its business objectives. This is observable in General Motors Vision statement which states that its goal is to feed in advanced technologies and quality by creating the worlds best vehicles. (1) For exemplification General Motors has an extensive R & D, Design, and Engineering department that oversees the creativity, insertion, 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 worlds best vehicles General Motors incorporates entrepreneurship and innovation concepts, which are essential to competing in the global market place.(2) In the fondness of entrepreneurship, which is the process of discovering spick-and-span ways of combining resources,(5) General Motors is a absolute majority shareholder in GM Daewoo Auto & Technology Company of southern more or less Korea, and has product, powertrain and purcha sing collaborations with Suzuki Motor Corporation in Japan.(3) These associations allow General Motors to childs play into specific customer markets and broaden its product base. Being an innovative scheme also requires General Motors to establish advanced technology collaborations, which it has with Daimler AG and BMW AG of Germany and Toyota Motor Corp. of Japan (3) as well as promoting competitiveness and deferring the salute of the research and development. (2) One example of innovation, which is the process of devising a new idea or thing, or improving an existing idea (5), is the two-mode hybridizing system being used today on GMs hybrid pickups and SUVs. This was a result of the partnership between BMW and GM in which both manufacturers benefited. BMW benefited from GMs battery, extended ran... ...nd determine their quality targets. Your most important customer will be able to pick and conduct any type of options that they want on their Cruze, when they want it. Comp etition Our scissor lifts were bought in a package deal for our paint shop and deuce-ace others. not installing this new lock retaining nut will get by us susceptible to thousands of units being lost along with idling hundreds of people. Not to mention the increase in the cost per vehicle because we did not meet or production targets. In conclusion, innovation and the need for it will neer diminish no matter how big or small. For me, my company, and my country innovation is the key to our success and our very existence. With that being said, you better not keep up a great idea and have no one to contend it to. The customer will always be first, second, and third for that matter, if we are to succeed.