General Motors and Reasons why Companies Fails
Why do companies fail?
Write a 5-10 page paper that addresses the following:
- Briefly discuss the background of a failed (or failing) company of your choice. (within the last few years)
- What caused this failure? Use as much data to support this. Cite your work.
- What company (s) was able to gain market share in light of this failure?
- What gap was left in the industry based on the failure of this company?
- In your opinion, what could have been done to prevent this failure? Consider marketing as well as operational issues that could be addressed. Use specific comparisons to successful companies.
For this paper, please write in typical academic MLA or APA format (your choice). This is a college-level writing assignment and is expected to be completed at that level. Please take the time to proofread your work ahead of submitting your work. As needed, please utilize the writing center for additional help.
Turnitin score should not exceed 15%.
Answer preview
A corporate or business failure refers to the discontinuation of the company operations following the inability to pay debts and to raise enough revenue or profit based on marketing or operational issues. This discussion is based on the case study of “General Motors Corporation.” General Motors Corporation is a failed company and would have ceased to exist a decade ago, thanks to the U.S. government intervention through financial support which led to the formation of General Motors Company. According to Berman, and Knight, (2014, July 23), the company failure resulted from low profitability following decreased sales and inability to cut down on costs which mostly are fixed. Recently the companies have been closing many facilities following cease in production of some brands…
(2000 words)