General motors: the road ahead; What should GM do to improve? Advice from the outside
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May 21, 2007
BGNRacing.com - Overview
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MindComet Corporation Announces New President and Service Offerings in Support of 2007 Growth Strategy
2. Facilitate stakeholder collaboration. "As we move into this new era of global mobility," Sturges says, "GM should involve anyone interested in its network in the process of reinventing its business. By communicating in a two-way manner with any GM worker, dealer, or supplier about the transportation business future, stakeholders can strengthen GM, and themselves, in the process. As a result, GM stakeholders will become stronger and more willing to be flexible as the company struggles as a large company undertaking rapid change."
Although General Motors is certainly undergoing a significant transformation as it works to become a more competitive company, there are still several things that it could be doing that, well, may not have occurred to the company’s management. So in an effort to help what is still the world’s leading vehicle manufacturer, we decided to ask some of the more insightful people that we know–not the usual suspects, but a range of industry experts who have distinctive points of view–a simple question: What three things should GM management do to make it a stronger, healthier, more-competitive company? And the responses were simple. Not easy, mind you, but rather straightforward and commonsensical.
Given the fees that most consultants charge, we figure that we could retire on what GM ought to owe us for this. And we also figure that the corporate execs can’t afford to overlook some of the insights found herein.
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Sounds Like That Returns as ProDance Official Music Producer
Sounds Like That, a producer of custom music mixes returns as the official music mixer of ProDance 2006.
(PRWEB) March 27, 2006 — Sounds Like That, a producer of custom music mixes returns as the official music mixer of ProDance 2006.
Sounds Like That, a producer of custom music mixes, has signed on as the official music mixer of ProDance 2006 to be held July 30-August 2 at the LaQuinta Resort & Club in the Palm Springs California Area.
“Not only will Sounds Like That mix the official ProDance music, but Steve Stettler, one of the nations most renowned music editors, will be available to answer your music mixing/editing questions”, says Rosalyn Jones Founder/CEO of ProDance. “Last year, Sounds like that did an incredible job with the ProDance music, we had to have them back".
“Music has a profound impact on a performer, choreographer, judge, and audience”, says Steve Stettler of Sounds Like That. “Our aim for the official ProDance music is to create dynamic, energetic, and infectious music that engages the audience and makes it impossible for them to sit still without cheering”.
“Sounds Like That has worked with many of the choreographers and teams who attend ProDance each year, so it's definately a good fit”, says Cheryl Lawson, CEO & President of The Perfect Date, the event coordinator for ProDance.
About ProDance:
ProDance, the leader in professional sports dance, is the original powerhouse and highly regarded dance convention for choreographers and dancers representing the NBA, NFL, WNBA, CFL, AFL and other professional sports leagues. Founded in August 2000 by Rosalyn Jones, ProDance’s mission is to “positively impact each participant by offering effective strategies to improve the overall entertainment value to their respective franchises.” For more information, please visit http://www.prodance.net
About Sounds Like That:
Even as GM is paying out unjustified dividends it is demanding huge price concessions from its suppliers and complaining about the huge healthcare burden it carries from having 2.5 retirees for every active worker. Since dividends should represent surplus cash, the dividend payment presents a wrong message to those who could help it regain its competitiveness. Suppliers have their own shareholders to consider and few of them are flush with cash these days. While the answer on GM’s healthcare expense is not to shift the burden onto the American taxpayer, but rather to renegotiate burden sharing with its retirees, that conversation can’t even begin while the company is distributing $1.6 billion each year to its shareholders. Relative to Toyota, which will displace GM as the world’s largest auto company in 2006 or 2007, GM has underspent on new products and on technology. Its recent announcement of a joint venture with Daimler Chrysler to develop hybrid technology is critically important and indicative of the fact that GM no longer has global leadership in technology.
The rating agencies are aware of GM’s deteriorating financial condition and have placed the company’s debt on a credit watch list in anticipation of another downgrade. For us it isn’t a question of if GM’s debt will fall to a junk rating but when. Then GM might not have a choice about continuing to pay an unwarranted dividend. General Motors‘ shareholders can only be served by investment in new products and technology which would generate the cash to pay them $2 a share or more.
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Honda Profits Double
Even as GM is paying out unjustified dividends it is demanding huge price concessions from its suppliers and complaining about the huge healthcare burden it carries from having 2.5 retirees for every active worker. Since dividends should represent surplus cash, the dividend payment presents a wrong message to those who could help it regain its competitiveness. Suppliers have their own shareholders to consider and few of them are flush with cash these days. While the answer on GM’s healthcare expense is not to shift the burden onto the American taxpayer, but rather to renegotiate burden sharing with its retirees, that conversation can’t even begin while the company is distributing $1.6 billion each year to its shareholders. Relative to Toyota, which will displace GM as the world’s largest auto company in 2006 or 2007, GM has underspent on new products and on technology. Its recent announcement of a joint venture with Daimler Chrysler to develop hybrid technology is critically important and indicative of the fact that GM no longer has global leadership in technology.
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Financial prudence: why is General Motors still paying a dividend?
In United States of America; American families and small businesses are not the only ones that are hurt by high oil prices. The U.S. automakers are getting killed by Japanese automakers with more efficient and fuel saving models. Toyota has already snatched 17 percent market share over last year from the U.S. automakers and Honda motor Co. has just reported its fourth-quarter profits in 2005 were more than doubled that of 2004. What does all this mean for the future of America?
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Toyota iPod Integration Kit due this summer
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