My Years with General Motors PDF
Preview My Years with General Motors
MY YEARS WITH GENERAL MOTORS 'S. A personal account by the former chief executive of the world's largest manufacturing concern. »ed by JOHN McDONALD with CATHARINE STEVENS 4 MY YEARS WITH GENERAL MOTORS The man who helped build the world's largest industrial corporation—and cre- ated the organizational system that has made it run as efficiently and effectively as any organization in the world—tells the remarkable story of how General Motors evolved. When Alfred P. Sloan, Jr., joined Gen- eral Motors in 1918, it was a sprawling, loosely organized company heading to- ward severe financial and management crises. Two years later, after the resig- nation of president and founder W. C. Durant, Mr. Sloan and the du Ponts as- sumed management responsibility and began to develop the delicate balance between centralized policy control and decentralized operational responsibility that has made General Motors competi- tive in policy as well as in product. In Part I Mr. Sloan describes the ev- olution of the company's basic manage- ment policies and strategic concepts: the organization policy, the concept of finan- cial control, and the product policy which revolutionized the automobile market long dominated by Henry Ford's Model T. In the early 1920s Mr. Sloan recognized the importance of offering the public "a car for every purse and purpose" and of upgrading cars for an increasingly prosperous, consumer-ori- (Continued on back flap) BOOK CLUB 592 EDITION MY YEARS WITH GENERAL MOTORS MY YEARS WITH GENERAL MOTORS Alfred P. Slean. Jr. JOHN McDi AID CATHARINE STEVENS DOUBLEDAI & COMPANY, . Library of Congress Catalog Card Number 64-11306 © Copyright 1963 by Alfred P. Sloan, Jr. All Rights Reserved Printed in the United States of America
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