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Essay / Research Paper Abstract
This 3-page paper discusses resource dependence theory and how it applies to U.S. automobile manufacturers. Bibliography lists 2 sources.
Page Count:
3 pages (~225 words per page)
File: AS43_MTresocars.doc
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Unformatted sample text from the term paper:
dependent on external resources, as well, to succeed (Makamson, 2012). These external resources range from customers and suppliers, to labor and financial markets - and above all, to economic factors.
One industry that seems to support resource dependency theory quite well is the automotive manufacturing industry - more specifically, the Big Three, Ford, Chrysler and General Motors that are, for
the most part, headquartered in Detroit. There is little doubt that these automakers are dependent on external resources - most automotive manufacturers these
days have international supply chains to help keep the assembly lines in enough gear shafts, faux leather and vinyl necessary to ensure the manufacture of a quality car or truck.
But the resource dependency theory is well reflected in what happened during late 2008 to this industry, specifically, to General Motors. Through
much of the early-to-mid 20th century, General Motors was a juggernaut, manufacturing and selling "muscle cars" to the general public, and why not? Gas was cheap and the large cars
with their stylish frames reflected American ideals at the time. But then came the latter part of the 20th century, an increase in gasoline prices and the growing trend among
consumers for smaller, more fuel-efficient cars. The problem, however, is that GM didnt seem to get it; and it continued to manufacture the gas guzzlers. As a result, by the
time the financial crisis hit in late 2008, the company was in trouble and begging the U.S. government for a bailout (Vlasic, 2008). The end result of GMs woes have
been a revolving door of CEOs, a trip into bankruptcy, the shuttering of hundreds of its dealerships and re-emergence of a somewhat leaner company, though one that was impacted during
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