General motors failure
One of the significant factors that resulted in GM to fail in India was due to competitiveness in the car industry in India. Either the frequent changes in the corporate structure of the company contributed significantly to its failure in India since it resulted in the absence of a long-term strategy (Banerjee, Venaik, & Brewer, 2019). Any business to prosper requires a long term strategy, which enables it to have tactics of coping with the extreme challenges that companies are likely to experience. The company’s CEO in India was regularly involved in committee meetings regarding the product and thus neglecting the dealer network in India. Stability at the top is vital in ensuring that a company progresses effectively. For instance, adding an expensive commodity in an area where most of the population is reduced, there is a high chance of the business failing, and there the need to consider the type of market that one is setting their businesses. The international responsiveness frame...
One of the significant factors that resulted in GM to fail
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