Running Head: Business Problem Paper
Business Problem Paper and Optimal Presentation
General Motors was established in 1908 and 100 years later in 2008 was ranked the second highest in auto sales in America. At the time GM employed over 91,000 US employees and operated over 5,900 dealerships nationwide offering 12 brands of autos such as Buick, Opel, Pontiac, Hummer, Holden, GMC, Saturn, Saab, Chevrolet, and Cadillac. The US automaker was a shining star in the industry and roots stemmed from the birth of the automobile. To GM’s dismay the economic downturn and decrease in sales and enormous debt, GM opted to file bankruptcy in early 2009 and accepting the United States Government’s aid in reviving the company. There were cutbacks as expected and now of the 12 brands offers, only 6 remain; Buick, Cadillac, Chevrolet, Daewoo, GMC, and Holden. The number of US employees shrunk to 68,500 along with the number of dealerships down to 3600.
The following is an analysis of dependant and independent variables of car sales and dealerships are affected and the coefficient correlation of the two. A null hypothesis theory will then be described along with the primary and secondary sources used. A sample size will be computed with how the data was chosen, methodology, survey interments used to collect the data analytical approach to test the statistics used to test the hypothesis.
GM’s Statistical Analysis
In early 2009 GM realized they were in trouble and needed to do something fast to keep from going out of business and losing everything. Short of closing the doors permanently they opted to file bankruptcy. Within this there had to be cutbacks and a great many of them. Where to start? As with any large corporation the first thing looked at is “trimming the fat” or unnecessary expenses such as free drink machines or provided breakfasts. As the trimmed fat takes less and less of the red into the black the larger picture of salaries,...