Archive for crisis

General Motors In A Time Of Crisis

Posted in Uncategorized with tags , , , , , on December 2, 2008 by mjung18

One of the biggest and most publicized crisis situations that General Motors has had to face since its creation 100 years ago is actually currently taking place. GM’s current financial crisis has been plastered across news headlines all over the world and especially here in the U.S. A drastic decline in sales, extensive layoffs and a poor economic environment are all contributing to this issue.

General Motors is by no means the only American auto maker currently having to deal with this crisis; Ford and Daimler-Chrysler, which are the other 2 companies that make up the “Big 3” American auto makers, are also trying to overcome extreme financial turmoil.

Many things are being done to try to turn the company’s finances around. Some of these methods are shown in a positive light, while many others are having more negative effects. Currently GM and the rest of the “Big 3” are appealing to congress for a multi-billion dollar “bail-out” plan. This bailout is very similar to the one that the nation’s financial sector just received. The intent of this bailout is to keep these auto makers from going under completely. While many Americans view these federal bailouts as necessary in our nation’s struggling economy, many are upset at the idea of having to put the country farther and farther into debt so save these companies.

General Motors has also received a large amount of negative publicity for another crisis aversion technique; layoffs. GM has been forced to layoff thousands of employees and even close factories due to the dramatic decline in sales among the domestic car market. Though these layoffs are enabling the company to save money by not having to pay nearly as many employees, the negative publicity that the company is receiving is overwhelming. Unemployment officials have even hinted at these layoffs, by GM and other auto makers, have had a great effect on the growing number of Americans that are currently unemployed.

General Motors is trying to pull themselves out of the gutter in some more positive ways as well though. For almost a year now, General Motors has been offering “GM Employee Pricing” among other special pricing deals on nearly every make and model in the GM lineup. This pricing campaign is aimed at getting more people to purchase GM vehicles by offering dramatic discounts on mostly every car they offer. This campaign not only proves to be beneficial to GM, but additionally to the nation’s economy as a whole.

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General Motors is also relying heavily on the introduction of a new Chevrolet car which GM hopes will attract buyers. The Chevrolet Volt is the car that GM is placing a heavy burden on. The Volt is the world’s first totally electric car, emitting no emissions and requiring only electricity as fuel. GM and Volt developers are hoping that the sheer originality and innovative nature will arouse customer interest and make customers flock to dealerships for their chance to purchase this groundbreaking car. The only concern coming from GM officials, automotive enthusiasts and economic researchers is the estimated $40,000+ price tag the GM is anticipating for the Volt.

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Photo Credit:
Photos applied from Google Images

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Information Citation:


Vlasic, B. (2008). Each Player in Big Three Is Devising Its Own Plan. New York Times

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What do you REALLY want to do?

Posted in Uncategorized with tags , , , , on April 19, 2008 by mjung18

As time has continued to go by and this semester’s end becomes closer and closer, I realize that it is time for me to grow up.  There are not more socials, no more pool days in the middle of the week and no more staying up way to late, full well knowing you have a test the next day.  The things that made all of us happy for the last 4 years of our lives are quickly fading away and it will soon be time to find those new things that make us happy.

The most important thing that many of us are having to decide on very soon is what kind of PR we actually want to practice.

Being in a job or career that i enjoy is very important to me.  I have known for a long time that i didn’t want a 9-5, Monday – Friday, suit and tie job.  What I didn’t know when I chose to follow a career in PR was, how many different aspects there actually are in the PR world.

If you pick the proper aspect of PR that you want to go into then you will not only be certain to excel at it but you will be much more likely to be happy about your life as a whole.

After going through most of my major classes and learning more than i ever thought I would, I have already decided that I want to go after a career in the Crisis Management part of Public Relations.  Knowing what i want from a job and what i want to put into it makes knowing what i actually want to do a lot easier.

To all of those who are fixing to graduate and enter the working world as a college educated young adult, i say good luck; and for those that are still continuing down this journey we call college, I say, please make sure you are doing what you want to do, don’t settle and just be who you are and do what you want to do.