GM Was Very Prepared for the Virus Pandemic, Says CEO

The video discusses the impact of major crises like 911, the Great Recession, and COVID-19 on General Motors. Each event posed unique challenges, with 911 affecting demand, the Great Recession leading to bankruptcy, and COVID-19 testing the company's preparedness. Lessons from past crises helped General Motors to better handle the COVID-19 situation. The video also highlights the importance of leadership and teamwork in navigating these challenges.

What was the primary challenge General Motors faced during the 9/11 crisis?

• Supply chain disruption

• Demand challenge

• Technological failure

• Regulatory issues

What significant event happened to General Motors during the 2008-2009 recession?

• Merger with another company

• Bankruptcy and restructuring

• Introduction of electric vehicles

• Expansion into new markets

How did General Motors manage to be better prepared for the COVID-19 pandemic?

• By reducing workforce

• By increasing production

• By learning from past crises and maintaining a healthy balance sheet

• By hiring a new CEO

What role did the leadership team play in General Motors' preparation for the COVID-19 pandemic?

• They focused on short-term gains

• They made tough decisions and focused the business

• They ignored past lessons

• They outsourced all operations

What was NOT a factor in General Motors' improved preparedness for the COVID-19 pandemic?

• A healthy balance sheet

• Lessons from past crises

• A new marketing strategy

• A phenomenal team