Alfred Pritchard Sloan Jr. (/ sloʊn /; May 23, 1875 – February 17, 1966) was an American business executive in the automotive industry. He was a long-time president, chairman and CEO of General Motors Corporation.
About the Foundation We fund research and education in science, technology, engineering, mathematics and economics Founded in 1934 by industrialist Alfred P. Sloan Jr., the Foundation is a not-for-profit grantmaking institution that supports high quality, impartial scientific research; fosters a robust, diverse scientific workforce; strengthens public understanding and engagement with science ...
The Alfred P. Sloan Foundation makes grants primarily to support original research and education related to science, technology, engineering, mathematics, and economics. The Foundation believes that these fields—and the scholars and practitioners who work in them—are chief drivers of the nation's health and prosperity.
Alfred P. Sloan was the mastermind behind the rise of General Motors during the 20 th century. Sloan was born in 1875 in New Haven, Connecticut. He attended the Massachusetts Institute of Technology, graduating in 1895. After graduation, Sloan began what he later described as “the most discouraging period of his life”, looking for employment.
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Sloan maintained an office in 30 Rockefeller Plaza in Rockefeller Center, now known as the GE Building.He retired as GM chairman on April 2, 1956 and died in 1966.
Recently, Sloan's work at GM has come under fire for causing a complicated accounting system to be placed upon American manufacturers that prevents the implementation of lean manufacturing methods thus leading to companies which cannot compete effectively with non-Sloan companies such as Toyota. In a nutshell, the thrust of the criticism is that by using Sloan's methods a company will value inventory just the same as cash and thus there is no penalty for building up inventory. However, carrying excessive inventory in the long run is detrimental to a company's operation and induces many hidden costs. Another factor in the criticism is that Sloan considered people on the shop floor to be totally expendable as a variable cost item to manufacturing. This view is the opposite of how Toyotaviews employees. Toyota looks to shop floor employees as their main source of cost savings and productivity improvements. Sloan was also instrumental in the demise of public city transport throughout th...
"The business of business is business." “A car for every purse and purpose.” "I am sure we all realize that this struggle that is going on though the World is really nothing more or less than a conflict between two opposing technocracies manifesting itself to the capitalization of economic resources and products and all that sort of thing." - May 1941 "It seems clear that the Allies are outclassed on mechanical equipment, and it is foolish to talk about modernizing their Armies in times like these, they ought to have thought of that five years ago. There is no excuse for them not thinking of that except for the unintelligent, in fact, stupid, narrow-minded and selfish leadership which the democracies of the world are cursed with… But when some other system develops stronger leadership, works hard and long, and intelligently and aggressively - which are good traits - and, superimposed upon that, develops the instinct of a racketeer, there is nothing for the democracies to do but fold...
Alfred P. Sloan is most well known for his role in shaping the destiny of the General Motors Corporation. His managerial skills were highly efficient and thus have been studies by many successors. He was a staunch businessman who spent most of his life dedicated to his work. Little is known about his private endeavors because of his attention to detail in business affairs. His practices helped to shape the course of American enterprise long after his death, especially in the automotive industry. Sloan is truly one of the most noteworthy figures of American business. His practices helped to boost the nation's wealth and open up new choices for customers of various socioeconomic strata. In effect, his principles helped to give rise to the corporate world as we now know it.
The Alfred P. Sloan Prize. Given to films dealing with science and technology by the Alfred P. Sloan Foundation each year at the Sundance Film FestivalBlack, Edwin. "Hitler's Carmaker: The Inside Story of How General Motors Helped Mobilize the Third Reich." Global Research, May 5, 2007. Hitler's CarmakerRetrieved November 6, 2007.Black, Edwin. "Hitler's carmaker." Jerusalem Post, December 6, 2006. Hitler's carmakerRetrieved November 6, 2007.Dobbs, Michael. "Ford and GM Scrutinized for Alleged Nazi Collaboration." Washington Post, November 30, 1998, sec. A01. Ford and GM Scrutinized for Alleged Nazi CollaborationRetrieved November 6, 2...Farber, David R. Sloan Rules: Alfred P. Sloan and the Triumph of General Motors. Chicago: University of Chicago Press, 2002. ISBN 0226238040
All links retrieved May 16, 2021. 1. Alfred P. Sloan Foundation, whose total assets had a market value of over $1.5 billion in 2005 2. Alfred Pritchard Sloan, Jr. (1875-1966) from COAT
Who was Alfred P. Sloan? Alfred Pritchard Sloan Jr. was an American business executive and philanthropist, known for his notable contributions to automotive industry.
Alfred P. Sloan, Jr., in full Alfred Pritchard Sloan, Jr., (born May 23, 1875, New Haven, Conn., U.S.—died Feb. 17, 1966, New York City), American corporate executive and philanthropist who headed General Motors (GM) as president and chairman for more than a quarter of a century.
Nov 17, 2019 · Alfred Pritchard Sloan, Jr. (May 23, 1875 – February 17, 1966) was an American business executive in the automotive industry. He was a long-time president, chairman, and CEO of General Motors Corporation.
- Katherine Holmes "Kitty" Sloan
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- May 23, 1875
- Oyster Bay, NY, United States
Alfred P. Sloan Jr., who shaped the General Motors Corporation into one of the world's largest manufacturing enterprises, died of a heart attack yesterday afternoon at Memorial Sloan-Kettering...