Alfred was a true pioneer of his time in building the discipline of management and his approach is just as applicable now as it was in the early s. Thus, the reaction summary offers one to two paragraphs that focuses on the primary objective of the literary material being discussed, i.
There are times when you have to spend money just to stay in business, regardless of the visible rate of return Raskob came to GM as an advisor to Pierre S. Sloan was a member of The Crusadersan organization that promoted the repeal of National Prohibition of alcohol in the US.
He also explains when and how General Motors moved away from decentralization and when and how they moved towards centralization.
Business Hall of Fame in Sloan does not use complicated terms to explain the concepts. National Cash Register was developing the concept at the same time.
This is because so few people were familiar with these concepts at the time. Sloan Museumshowcasing the evolution of the automobile industry and traveling galleries, is located in Flint, Michigan. Sloan is credited[ by whom? Sloan died in The foreshadow effort in referring to Mr.
Below are key lessons in the form of excerpts that I found particularly insightful from this must read classic. The circumstances of the ever-changing market and ever-changing product are capable of breaking any business organization if that organization is unprepared for change—indeed, in my opinion, if it has not provided procedures for anticipating change.
For example, the summary section does not provide repetitive sentences, rather, the cited quotes from the literature: Written in a practical, matter-of-fact way, Sloan does not deliver a business how-to or a doctrine to follow, he simply explains the how and the why of various business decisions he was faced with during the take-off of the automobile industry in the early 20s.
He preferred spying, investing in an internal undercover apparatus to gather information and monitor labor union activity. Drucker, Sloan and his fellow GM executives never agreed with Drucker on the lessons that Drucker drew from his study of GM management during the war.
We must balance trends in preference against the many compromises that are necessary volume. He also established a pricing structure in which from lowest to highest priced ChevroletPontiacOldsmobileBuick and Cadillacreferred to as the ladder of success, did not compete with each other, and buyers could be kept in the GM "family" as their buying power and preferences changed as they aged.
From coordination we get efficiencies and economies It must be apparent that c-oordinated decentralization is not an easy concept to apply. Sloan and General Motors". In turn, the League would finance other groups with openly more extreme agendas.
It should be noted that a rising successful economy like that of the United States is not only an opportunity, it is also very demanding on those whose ambition is to excel in it. I would not suggest that this be the only book you read on business. Freedom, equality, humanismstability, community, tradition, religion, patriotism, family, love, virtue, nature—all are ignored.
We must conduct ourselves as a German organization.
These are some of the largest grants that the WMF has received. Mar 05, Tara rated it it was amazing Over 50 years since its initial publication, this books still stands as one of the greatest business management classics.
From decentralization we get initiative, responsibility, development of personnel, decisions close to the facts, flexibility - in short, all the qualities necessary for an organization to adapt to new conditions. According to Sloan, GM in Detroit debated whether to even try to run Opel in the postwar era, or to leave to the interim West German government the question of who would pick up the pieces.
He was right, and the New Dealers were wrong.The must-read summary of Alfred P. Sloan Jr.'s book "My Years with General Motors: How General Motors Was Built Into the Largest Corporation in the World".This complete summary of the ideas from Alfred P.
Sloan Jr.'s book "My Years with General Motors" shares Alfred P. Sloan Jr.'s experience as a CEO of General Motors from to Book Edition: Businessnews Publishing. The book My Years with General Motors by Alfred P.
Sloan Jr. is highly recommended as the one business book every aspiring business student should read.
Management guru Peter Drucker speaks of it several times throughout his writings/5. Reflection paper sloan my years with general motors | Custom paper - reflection paper sloan my years with general motors Alfred p sloan, in: general motors.
Source. Alfred Sloan - The man who made General Motors great - Hemmings - Alfred Sloan. The man who made General Motors great. The book My Years with General Motors by Alfred P. Sloan Jr. is highly recommended as the one business book every aspiring business student should read.
Management guru Peter Drucker speaks of it several times throughout his writings/5(75). I am required to write a 4 page reaction essay on Alfred Sloan's My Life With General Motors from an operations management perspective.
I. The story of the ghostwriting of Alfred P. Sloan's best-selling memoir, General Motor's attempts to block the book's publication, and the author's eventual triumph over the corporation. Published inMy Years with General Motors was an immediate best-seller and today is considered one of the few classic books on management.Download