Trying To Do The Impossible At GM Essay Example | Topics and Well Written Essays - 1250 words

Trying To Do The Impossible At GM - Essay Example The World War II played a vital role in moving the GM's ratings to the top as GM got the chance to serve the U.S. Army in terms of transportation. The company was always paying attention to the management side, where as others were busy in creating luxury without realizing the needs of the people. GM paid special attention to what most of the people in U.S. were ought to prefer, the company brought models catering the needs and wants of the people as well as the other sectors of the economy, but that was wy back in 50s. GM not only ruled the automotive sector of the world but also the entire industrial sector of the world. Being the first company to cross the profit margin of $1 Billion, GM griped the market very well until the 1980s when its share started decreasing steadily. The simple reasons for that were the increased production costs and decreased product quality, it was that time when many new entrants competing GM got some hold on the market. It was that time when the exact organizational culture came in view, the company had got so many prevailing issues within it, much of that were related to the labor suggesting that they were facing a strict duty schedule and were pressurized, GM expected them to perform exceptionally well on the outdated plants, this brings in the increased pressure on the human resources which forces them to make many wrong judgments, also there was no proper training available for the employees including the engineers who had to deal with the processing and line manu facturing. Surprisingly, the organization never gave much importance to its employees in terms of their knowledge and experience as most of the times in the past they hired fresh graduates, it sounds normal for a newly established organization but for a company having an exceptional profit statements, it is really unacceptable. The employees are the ones who represent the organization's culture and in case of GM, they were just new to understand and form a culture that could have been positively self changing and lucrative for the organization in the long run. One of the poor things about GM was that the executives believed that they reached the pinnacle and hence there is no room for further improvement in any of the GM's operations, sooner this proved to be very costly when the GM's cars got improvements but the competition increased even faster to crumble GM. However there are yet many reasons for the decline of GM such as improper selection and utilization of human resources, the general populations had got lesser education which made it hard for the companies to initially hire people who were really competitive, but at the same time the company never looked for betterment in the executives and kept the same people along, it was strange to hear a top class productive executive working in GM. Initially, the company was forced do hire such people but they should have changed this policy the moment the market got

Memorandum explaining the discussion of merits of Congress adopting a Term Paper

Memorandum explaining the discussion of merits of Congress adopting a federal Value Added Tax - Term Paper Example The SBT was developed in as early as 1975. The framework of SBT can be scrutinized to understand the practical implementation of the VAT scheme in American context. In the year 2008, SBT was repealed and replaced by another taxation framework called the Michigan Business Tax, which can be regarded as a form of continued VAT implementation. (Roberts, W. D. & Gell, M. B., 2010) At the federal level, the US Congress is trying to institute the VAT scheme since 1982. â€Å"Overall, the options have stressed that a broad-based consumption tax, such as a VAT, could raise large sums less easily than incremental increases in income tax rates, but with less loss of economic efficiency; that excise taxes on selected products could be raised to minor good effect; and that broadening the tax base could raise significant sums and improve economic efficiency.† (Reischauer, R. D., 1994) Current Proposals in Congress for Adoption of a Federal Value-Added Tax The US taxation system is based on a strong historical milieu, and the US Congress is aware of that. The historic Boston Tea Party, which took place prior to the War of American Independence, was related to the unfair tax schemes imposed by the then British rulers. However, the framework of the federal governance of the country remained under scrutiny and criticisms throughout the 19th and 20th centuries. Income tax regulations have been a primary federal concern. The framework of the federal taxation system of America has not been without its problems (Adams, T. S., 1921). Too much dependence on income tax revenues may lead to serious economic problems. The Congress thus proposes to impose a value-added or national sales tax. The Congressional Budgetary Office (CBO) has been pointing at the revenue raising potential of a...The policy pros of the VAT scheme entail the reduction of the American economy’s too much dependence on the income tax revenues. In the United States, people with higher income have to pay a heavier income tax, which is regarded as unfair by many conservatives (Edwards, C., 2009). A strong revenue network through federal VAT can compensate the inequalities in the current income tax rates. More and more Democrats and other policy makers are focusing on the policy process in regard of VAT. According to them, VAT will provide the federal government with a reliable instrumentation to handle deficit and pay off the debts. John Podesta (who led President Obama’s transition team) thinks that the only way to stabilize and grip the troublesome debt situation is to reduce the hike in health care expenditures, reduce federal spending, and add new means to increase revenue input. The progressive value-added tax scheme appears to be a boon in this context. The policy cons of VAT scheme are rather numerous and thought provoking. The European experience of implementing the VAT is important. VAT is supposed to lower the taxes on profit and income.