Wednesday, April 3, 2013

Contrasting Business Styles of William Durant & Alfred Sloan

William Durant brought together more than twenty-five independent automobile companies to bound the full general Motors Corporation. He lost control of the company in 1910, due to financial difficulties. Durant regained control of the company in 1916. As a resilient business homo, he dismissed the bankers and took over as the president of the company (Blackford, pg 242). The business style that Durant possessed was to resolve to run normal Motors as a one man show. He made the daily operating decisions and grand form _or_ system of government by himself. He simply could not make the major decisions on investments, expansion and marketing (Blackford, pg 243). The office of General Motors, during the m of William Durants presidency, had not control of the company. By 1920, the company was having difficulty stipendiary invoices and payroll and Durants personal financial difficulties made things worse. In novel 1920, Durant resigned as the President of General Motors, never to return (Blackford, pg 243).

Alfred P. Sloan started as the Vice-President of General Motors, shortly after Durant resigned. He prepared an arranging study to revamp the management of General Motors. By 1924, an organizational plan was implemented and with this came significant changes in the management of General Motors.

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Pierre DuPont along with Sloan created a strong central or head office, which is today called the corporate office at General Motors (Blackford, pg 245). Sloan helped to take General Motors to having solid financial reporting. The models that were created back so are still followed today by just about forward-looking companies. Sloans business styles were similar to those of the Pennsylvania railroad; use some fifty years earlier (Blackford, pg 245).

The business styles of Durant and Sloan were completely opposite. From the read that was done, it was gathered that Durant really had no business styles and fateed to run...

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