Question

Consider an American automaker like GM with almost 100 production facilities located in 26 countries and sales in over 150 countries! To maximize profits, what decisions does GM have to make in regard to pricing and production?

Answer 1

An American automaker uh like GM with almost 100 production facilities located in 26 countries and sales in over 150 countries.

To maximize profits of GM in regard to pricing and production, GM have to highly contribute to the company's ability to counteract the competitive companies like Toyota and many more automobile manufacturers.

There should be proper minimisation of operational problems that highly hamper the productivity enhancement strategies of GM.

The management of the company should strategically maximize the productivity of the company within the operational limit based on the product designs.

The overall quality standards and quality implementation of the company should be based on the expectations of the customers and market conditions of automobile industry. Due to this, high operational productivity is maintained partly by integrating quality standards and help out in minimizing errors in production process of GM.

Optimum utilisation of resources should be done and standard implementation should be done for effective and efficient production process of the company.

Company should focus on its location of resources and market. Manufacturing hub of the company should be in strategic locations like US and Southeast Asia. This will minimises the cost of manufacturing and help out in enhancing the profits in manufacturing.

The productivity of GM will be remained enhanced highly due to the automation of manufacturing processes of the company, automation will also save time and will be more convince.