The World War II played a vital role in moving the GM's ratings to the top as GM got the chance to serve the U.S. Army in terms of transportation. The company was always paying attention to the management side, where as others were busy in creating luxury without realizing the needs of the people. GM paid special attention to what most of the people in U.S. were ought to prefer, the company brought models catering the needs and wants of the people as well as the other sectors of the economy, but that was wy back in 50s.
GM not only ruled the automotive sector of the world but also the entire industrial sector of the world. Being the first company to cross the profit margin of $1 Billion, GM griped the market very well until the 1980s when its share started decreasing steadily. The simple reasons for that were the increased production costs and decreased product quality, it was that time when many new entrants competing GM got some hold on the market. ...Show more