Alfred Sloan, a Brief Biography

Alfred Sloan Alfred P. Sloan Jr. Alfred P. Sloan, senior born in New Haven, Connecticut in May 1875. The first of five children of Catherine Sloan. In 1885, he moved to Brooklyn in New York with his family. There, Alfred is known for its academic ability by public schools and the Brooklyn Institute of Technology (2014, Alfred P. Sloan, Jr?). After receiving approval from the Massachusetts Institute of Technology, he continued to acquire a degree in electrical engineering in 1892.

Today, if you look around the United States it is hard to avoid Sloan. There are Alfred Sloan Foundation, MIT Sloan Management School, Stanford Sloan Management School and Sloan / Kettering Memorial Cancer Center in New York. A half century ago, Sloan's book "My year of General Motors" was a classic of business that was still easy to read. When Sloan arrived at GM in 1920, he found that the traditional central management structure organized by function (sales, manufacturing, distribution, and marketing) is not suitable for managing GM's diverse product lines I recognized it. In that year, when the management tried to adjust all the business details of all divisions, the bad plan caused excessive inventory, the unsold cars were accumulated in the dealer and the company ran out of cash, so the company almost bankrupted did.

When Alfred Sloan acquired General Motors in 1923, the company is much behind the market leader Ford. As an engineer, Sloan is now one of the first iterations of what is known as "strategic planning" - a very systematic management approach, including clear growth goals, clear corporate vision, and measurable organizations is created. Continuous attention to goals and profitability The concept of lean entrepreneurial spirit promoted by Steve Blank and Eric Ries is that the product development system abandons expensive product launch, seeks hypothetically led research, reduces risk Learning to minimize capital requirements, maximize market speed, repeat product launch and data-driven