please find the attached files. I look forward to working with you again. Good bye.
Running head: GENERAL MOTORS
The current Coronavirus pandemic is anticipated to affect businesses globally. Currently,
people are more focused on protecting themselves from diseases than spending. Also, from an
economist perspective, it is not the right time to spend on luxuries as there is a fear of economic
recession. Many companies have started to strain both economically and socially. One of these
companies is General Motors. GM is an international company whose HQs are in Detroit. It
designs, manufactures and sells automobiles and spare parts to both local and international
markets. Since its market is both domestic and international, it is bound to experience high stress
in its operations (Barra, 2020). However, there are specific strategies that the company can
implement to maximize its profits during these difficult moments.
Following the coronavirus pandemic, GM has suspended all operations in Northern
America. Most employees are not reporting to work in the effort of reducing the spread of the
virus. No visitors are allowed in the GM offices. The company has also offered donations and
grants to increase the personal protective equipment for the people handling the virus. Due to
these measures, the company is really being affected financially, mainly due to the halt of
operations and most employees working from home (Barra, 2020). However, there are strategies
that the company can implement to ensure that it maintains a healthy and profitable state. The
four strategies that it can implement include increasing the price controls, shift in supply,
economic value-added, and strategy gam...
15 Million Students Helped!
Sign up to view the full answer