Case Study Ford Motor Company - 1340 Words

Since 1903, when Henry Ford opened his first factory, Ford Motor Company has been changing the automotive industry all across the world. What started out, as a small company with big ideas has become one of the largest and profitable companies in the world. Ford Motor Company, communally known as Ford stared out as a family own company and today is still run by the Ford family. Today, where companies are having to sell or partner with other companies, it is amazing to see a family company grow in the way Ford has since their founding 114 years ago. When you ask someone what Henry Ford did in his life most people would probably say that he started what we know to be Ford, but many people do not know is he is also one of the sponsors for†¦show more content†¦2). Although Ford had problems during the crash, they are not the only ones that had to sell or discontinue some of their car brands. Strider (20015) confirms, â€Å"GM, similar to Ford, had divested or discontinued several brands, including the following: Oldsmobile, Pontiac, Daewoo, Saturn, Hummer and Saab† (p. 2). The Market crash made for rough few years in the automotive industry but like Ford, most of the companies have managed to come out on top. Vision, Mission Statement Ford has made their vision very clear; they let people know what their goal is and how they plan to measure that goal for success. Ford (2015) declared, â€Å"People working together as a lean, global enterprise for automotive leadership† (p. 1). Ford is working toward their vision by making great products, having strong businesses and making the world better. Ford has not left much to the imagination; they have laid everything out for the world to see. You can judge for your self to see if Ford has been able to meet their vision. Thompson (2017) acknowledges, â€Å"Ford’s mission statement is ‘One Team. One Plan. One Goal.’ This mission statement is also known as the ‘One Ford’ mission† (p. 3). One team is very similar to their vision; people working together as a global company. One plan is to restructure operations to make them more profitable with the current demand as well as to develop new products faster than they haveShow MoreRelatedCase Study : Ford Motor Company Essay2498 Words   |  10 Pagesthe profit maximization. I remember a very famous case study of Ford Motor Company that says the importance of teamwork. In 2006 when Alan Mulally became the CEO of the Ford Motor Company, many senior executives thought that a big change in inevitable as mullally was the outsider. Speculation of changes in team at higher level was at high as Mulally was hired from Boeing because of his expertise in running big organization and employees of Ford Motor were suspicious about his working method. Read MoreCase Study: Ford Motor Company2447 Words   |  10 PagesCASE STUDY: FORD MOTOR COMPANY Leadership and Organizational Effectiveness of Ford Motor Company â€Å"This is everything. It’s heritage. It’s children’s future. It’s everything tied up into one. Failure is not an option.† - Jr. CEO, Ford Motor Company The global marketplace is faced with different challenges that affect its overall management and operations. Various pressures on the internal and external conditions such as the unstable world and local economies, the workforce, the customersRead MoreCase Study Ford Motor Company1461 Words   |  6 PagesCASE STUDY Ford Motor Company Ford Motor Company, one of the world’s largest automotive manufacturers, has worked with Penske on several Six Sigma initiatives. As its lead logistics provider (LLP), Penske’s quality team of associates are trained in Six Sigma practices and work closely with Ford to streamline operations and create and maintain a more centralized logistics network. Together, they uncovered several areas for real cost savings as a result of reducing inbound carrier discrepancies, eliminatingRead MoreCase Study of Ford Motor Company1147 Words   |  5 Pagesï » ¿ Tim Randall Ford Motor Company has been recognized as one of the worlds most ethical companies by the Ethisphere Institute, a leading business ethics think tank (Ford Motor Company.com. Home Page. 2012. PP. 1). This 2010 award of excellence highlights a fundamental transformation for a company that in the mid-1970s was immersed in a scandal regarding the safety of its Ford Pinto sub-compact. The issue which led to major lawsuits, inconclusive criminal charges, and a costly recall ofRead MoreCase Study : Ford Motor Company1611 Words   |  7 PagesFord Motor Co. Casey T, Blackburn Business 104 Business Organization Management Dr. Earl Murray Jr. 1 November 2015 Abstract I hope that this meets the intent of this paper and that you learn something new about the management of an organization that I have the most interest in. I wanted to discuss how the lessons that we have covered during this class are used and demonstrated in a large worldwide company such as Ford Motor Co. Ford Motor Co. Ford’s Motor Company History Ford Motor CompanyRead MoreCase Study : Ford Motor Company1220 Words   |  5 PagesThe Ford Motor Company fell into a trap of greed that resulted in the loss of many human lives. Before the disaster of the Pinto fires, Ford had a reputation as being the safety pioneer in the automobile industry with additions such as the seat belts even raising awareness of their safety. However, as the invention of small cars began to take emerge Ford began to lose market shares to the foreign market causing Ford to construct a small compact to satisfy this emerging market. Ford’s stance on â€Å"safetyRead MoreCase Study : Ford Motor Company915 Words   |  4 PagesFord Motor Company Ford Motor Company is headquartered in Dearborn, Michigan. The company is involved in the sale of automobiles, commercial and luxury cars. The company has over 90 plants around the world making it the second largest automobile manufacturer. The company employs more than 213,000 employees hence its human resource management is critical. Ensuring the HR Strategy Is In Alignment with the Business Strategy In the past, organizations have made the mistake of involving HR in the planningRead MoreCase Study of the Ford Motor Company1346 Words   |  5 PagesFinancial analysis of Ford Motor Company 1. Introduction The Ford Motor Company is one of the largest automakers in the world and it is notable due to its powerful position within the global market place. 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. Also, the company is notable as it was severely hit by the economicRead MoreCase Study : Ford Motor Company813 Words   |  4 PagesThe company our group chose to analyze was Ford Motor Company. They are based out of Michigan with 181,000 employees and 65 plants worldwide. They currently sell on six continents and sold 2,493,918 vehicles in 2013. The Ford Motor Company Brand also includes Lincoln but it is only sold in North America. There are many risk factors currently for the company, but a main one is the high fixed structural cost they have in place that are easily susceptible to losses in a turn down of the economyRead MoreCase Study : Ford Motor Company1743 Words   |  7 PagesCase Background and Problem Statement: Bill Ford, heir and President of Ford Motor Company (NYSE: F), faced a forecasted thirteen billion dollar loss in 2006. In order to save Ford, Bill Ford had to dramatically alter the direction of his organization [1]. After several unsuccessful attempts at attracting top executives away from his competitors, Bill Ford decided to pursue a route that Ford Motor Company hadn’t in over 60 years by not only hiring a top executive from outside its’ ranks but also