The detailed information listed below Essay Example | Topics and Well Written Essays - 250 words - 4

The detailed information listed below - Essay Example The failure led to recall of many of their vehicles that affected the public image of GM due to the death count caused by this safety-related problem and possible violation of federal laws. The recall had several implications that include decline in stock price and stock volume. However, the company implemented some risk practices and recommendations since the company seem not to have had enough measures to rectify the mass recall. Other associated risks emerged such as strategic risks, supply chain risks, hazard risks as well as financial risks. In this case, it was the responsibility of the executive team to realign the company’s management structure through implementation of significant recommendations capable of rectifying the previous mistakes. There were also recommendations that were geared towards building of corporate stakeholder relationships. Therefore, this study seeks to identify the different pure risks that transpired at GM Company in the last five years, the effects and the general solutions that were put in place to rectify the mistakes suffered by the