The Japanese car makers are dominant carmakers of small-car segments in the United States and other markets. The industry has found itself to be severely over capacity. And the buyer power is low if there are lesser options of alternatives and switching. The company should focus more on the designs of its products and come up with more diverse and efficient models. Various pressures on the internal and external conditions such as the unstable world and local economies, the workforce, the customers, and even the management itself risk the success or failure of the organization. However, there is a significant difference in the manner in which these companies responded.
The market share of Ford increased by 1. It is imperative to make that money back in the least amount of time possible, in case the need arises for a new plant to be built to meet future increased sales. Ford can benefit from the industrial recovery by offering and focusing onthe consumer- oriented products and give value to them while generating reasonable profits. Alternatively 1992 stated the creation of culture is the main essence of leadership and that both culture and leadership are two sides of a single coin. To be considered a socially responsible, a company has to maintain a balance between attaining its objectives and the welfare of the society along with the environment Rossi, 2001. It is very important to have a thorough reading and understanding of guidelines provided. For example, a leader may do exceedingly well and succeed as an army commander, but fail terribly, when elected as the president.
Option number one recommends closing older plants to realign production and sales. List at least three steps that make-up a workable plan and explain why each is important. Case Study — Ford Motor Company Essay 1. Also, Ford Motor Co has the Ford Rouge Center where they make a lot of their own parts. Failure is not an option. Discuss the option or combinations you selected as the best course for Ford Motor Company and detail your reason for selection that option or combination of options. These forces are used to measure competition intensity and profitability of an industry and market.
Firstly, since itfought hard against bankruptcy and refused governmental funding as its competitors did, theconsumer trust has increased in the company and its brands. As the fifth biggest player in the global automobile market, the company needs to maintain high productivity and effective support for technological and process innovation. Going forth to announce the restructuring plans indeed contains a lot of effects to the company, considering the fact that might even result in further declines in its overall earnings. This strategy allowed thecompany to improve the communication system from top to bottom. Case Study- Ford Motor Company Stacey Planz Strayer University Principles of Management Bus302 Professor Osburn January 22, 2011 Case Study- Ford Motor Company 1.
This paper aims to discuss the leadership implemented in Ford Motor Company under the administration of , Jr. Part of the issue has to deal with the fact that vehicles are becoming more durable and longer lasting. Avoid Fixed, Long-Term Commitments that are part of a static business model. For instance, Ford could have considered entering into partnership with some companies that have well-established brands in the market. As stated above, his personal qualities and his knowledge of who and what a real leader is proved his effectiveness.
The one team strives to empower all to work together to make customer satisfaction number one. This ensured technical accuracy and consistency. He gets straight away into matters of significant discussions. This system will be implemented with their existing supply chain so. The case creates four options to choose from.
There are approximately 328,000 employees and has made an estimated 6. This means that they are provided with a sufficient income that is equivalent to their output, offered rewards for their good performance and punishments for poor performances, along with other benefits. Discuss at least three criteria the company should use to decide which of the four listed options is best and the reasons why each criterion should be used: i. This helped the company executives toidentify and resolve off-track operations and functions. For the past years, due to some consequences, the company encountered several challenges. The people trust the company for its promise to providestandardized cars at somewhat affordable prices. These generous benefits now weigh down the company operations Ford Motor Company, 2011, p.
Within 4 years he cut unnecessary costs and put the focus back on the Ford brand cutting out every other brand except Lincoln. . If the goods and services are not up to the standard, consumers can use substitutes and alternatives that do not need any extra effort and do not make a major difference. Still, aside from this, Ford is also notable from a business analysis standpoint, representing a firm that has lost its competitive position to the Japanese automakers, due to the inability to recognize changing market trends. However, the leader is still accountable for the final decision to be made. In order to point out the answers to the aforementioned queries, there is a need to provide brief discussion of the concept of leadership and its styles that will help to the entire analysis of the case. Moreover, it also helps to the extent to which change is useful for the company and also guide the direction for the change.
However, if there are many suppliers alternative, suppliers have low bargaining power and company do not have to face high switching cost. Dell Computers has been very successful with a direct model and virtual integration that may or not work well for Ford. The future strategy of Ford Company is to develop more world cars with the idea ofproviding standardized products to its worldwide markets. His style of transformational leadership has been evident in both his actions and achievements. I met my husband about twelve years ago, I was eighteen years old and in the… 2073 Words 9 Pages Introduction The company in the following capstone project is Ford Motor Company which is an international manufacturer of automotive and is headquartered in Dearborn Michigan. The one plan is aimed to aggressively seek more profit, more value, and more global assets.
Rapid changing consumer demands increases competition and rivalry amongst existing firms within the industry. The strengths and weaknesses are obtained from internal organization. In the plan, the firm aims to unify its global organization to achieve consistency and synergy. It is also imperative to take a close look at what our competitors have done because we can also learn from their mistakes as well as improve on some of their ideas that have worked for them. After defining the problems and constraints, analysis of the case study is begin. The company operates the worlds second largest finance company in the world, and is a major producer of tractors, glass and steel.