Preview

Ford Motor Company Strategic Analysis

Good Essays
Open Document
Open Document
773 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Ford Motor Company Strategic Analysis
Ford Motor Company has encompassed various different strategic plans to enhance its success in being one of the largest automobile companies worldwide. With operations in more than 100 countries, Ford “have clear policies and strategies for creating value, continually improving performance and addressing a wide range of social, economic, and environmental challenges in a changing world” (Ford Motor Company, n.d.). It is critical to remain ahead of rivals in the market, developing a method that’s not only effective for the moment but also a strategy that looks at tomorrow, handling all business activities around maintaining ethics and compliance. Ford continues to strategize its business plan around issues that may be affecting people and the world, by managing various sustainability aspects, such as climate change, safety and ethical practices, product quality, and supply chain management.

These aspects help Ford Motor Company in creating strategies that not only create a better world, but one that carry out Ford’s vision: “people working together as a lean, global enterprise to make people’s lives better through
…show more content…
“Going Further – The Right Way” (Ford Motor Company, n.d.) is an expression used to describe Ford’s sustainability agenda. One of Ford’s main priorities and responsibilities is tackling challenges of climate control through its climate change strategy. Although Ford remains ahead of other companies in creating an approach that is inclusive in dealing with effects in changes of climate, it remains one of their top goals to capitalize on an opportunity such as climate change in order to strengthen the overall business. As cities continue to grow, congestion will form, forcing upon the concern of air quality, and climate change, causing more social and environmental

You May Also Find These Documents Helpful

  • Good Essays

    Tui Mgt 499 Module 1 Case

    • 550 Words
    • 3 Pages

    From first reading, the Toyota’s vision and mission statement related to the needs and benefits of the stakeholder. Although a couple of years ago no one would doubt it as a fact, but after the recent scandal the situation proved to be entirely opposite. Recently, a new global vision was released by the Toyota Corporation. It has reconfirmed Toyotas commitment to the stakeholders with an additional commitment to the environment also. It seems that Toyota put profit higher than any business ethics and the most essential customer need – safety. Toyota choices to increase production and not focus on the fundamentals strengths of the teams eventually erased 50 years of work and millions of dollars for a fast and dishonest profit.…

    • 550 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Ford continues to prosper as it earns an operating profit of $463 million in 2011 than it did the prior year. Also Ford has released dividend shares to stockholders, which is the first payout since 2006. Ford’s corporate citizenship includes employee volunteering in community projects. Key initiatives that drive the company is: an aggressive restructure to operate profitability at existing demands and changes to a model mix; accelerate a development of new products to which customer’s value; finance a plan to improve the balance sheet; work together as one team that leverages global…

    • 1512 Words
    • 7 Pages
    Good Essays
  • Best Essays

    The competitive environment in today’s business world poses many dangers to the sustainability of the biosphere, which is so vital to life. Business organizations have a responsibility to help sustain and preserve the environment for future generations. Corporations must take initiative in developing business plans that incorporate sustainable business practices into the strategic direction of the organization. Successful achievement of a sustainable business plan also requires identification of barriers to implementation and development of strategies to overcome such barriers. In addition, to measure the success of sustainable business practices, organizations must continually monitor the progress and communicate results of their sustainable plan efforts. A review of the Riordan Manufacturing’s current business practices helped to illustrate the development and implementation of a successful sustainability plan. Riordan must concentrate on developing a plan to address unsustainable practices such as the release of harmful emissions, improper disposal of off-spec raw materials, and the release of harmful solvent cleaners into the biosphere. To implement these strategies and secure the improvement of Riordan’s sustainability, the organization must anticipate financial, social, ethical, technical, and practical barriers to these plans. Understanding the barriers helps the organization prepare an action plan to overcome these obstacles and ensure the successful implementation of its plans. The keys to avoiding impediments from financial, social, ethical, and technical barriers are communication and commitment. Communication is vital to the implementation of a successful sustainability plan. Riordan Manufacturing must institute a comprehensive communication plan to address the concerns of affected stakeholders. In addition, the…

    • 3559 Words
    • 102 Pages
    Best Essays
  • Powerful Essays

    Mgt 521 Final Analysis Paper

    • 2903 Words
    • 12 Pages

    The final part of the business analysis will cover the strategic initiatives of Ford Motor Company (Ford), their reaction to the economic trends, company strategies for adapting to changing markets, and tactics to achieve strategic goals. It will also review the operations of their human resources department in helping to achieve business goals as well as give rationale whether or not to invest in Ford. Some of the best practices of Ford are centered on their manufacturing techniques, technology, and environmental awareness. Ford manufactures cost effective, fuel efficient, and environmental…

    • 2903 Words
    • 12 Pages
    Powerful Essays
  • Better Essays

    Environmental sustainability has become a hot topic in the last couple of decades because of global warming and other weather related changes. In today’s business world, environmental sustainability is an essential part of corporate social responsibility (CSR); therefore, very important to stockholders, owners, as well as to the public in general. Everybody wants to know how businesses are run and how their operations affect their communities for generations to come.…

    • 2672 Words
    • 11 Pages
    Better Essays
  • Powerful Essays

    After reviewing Ford Motor supply chain, we became aware of its very complex nature. Due to this complexity we are forced to search for alternatives to overcome the costly supply chain challenges faced by our industry both now and in the future. The present system has an inefficient control of a large database and a vast and complex network of suppliers.…

    • 1771 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Based on author¡¦s first-hand experience, some world well-known companies including Nike, Wal-mart, Intel, and Shell, international government agencies and non-governmental organizations are taken as examples to support his point of view and be a sample for later generations to respond challenges. Because of some misreading or failure implementation, previous experiences give corporations a lesson and force them to embrace key elements of the sustainability…

    • 527 Words
    • 3 Pages
    Good Essays
  • Best Essays

    Strategic Analysis Report

    • 4520 Words
    • 19 Pages

    Prepared for: Michael Lloyd (Tutor) Authors: Stephen Hill (7136196) Rohan Dwyer (6825079) Natalie Fraser (8382719) Vivian Ng (7660162) Due: 25/05/2012 Word Count: 2385 Tutorial: Thursday 1800-1900…

    • 4520 Words
    • 19 Pages
    Best Essays
  • Satisfactory Essays

    Next, the claim of ‘better world’ is first supported by a brief warrant that ‘fuel economy and CO2 emission’ impacts the world. Well-organized data are subsequently presented in details on Ford’s traditional fuel-saving Eco-boost technology, innovated electrified vehicles, and community contribution. Additional warrants are included to directly support the claim by arguing Ford’s effort promotes education, community and the like.…

    • 389 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    Generating a shift in people’s consciousness requires a “Sustainability revolution” (Edwards, 2005). To develop the strategic imperative of the new millennium, hence we have to emphasize on the excellence, quality, and reengineering movements of the late 20th century. Regarding sustainability issues, substantial public interests are fueling on corporate focus. For example, it requires changes in legislation, pressure from stakeholders, and reluctant managers to take into account on sustainability issues.…

    • 2687 Words
    • 11 Pages
    Best Essays
  • Powerful Essays

    Peregrine Trucking Company

    • 1721 Words
    • 7 Pages

    Organizations are constantly being challenged to identify ways to reduce operating cost, increase equipment capacity and utilization. There are many variables in why we see continued increases. One of the major effects is raising fuel cost. Companies are constantly battling this variable. This is not the only issue facing companies today. But it is certainly a concerning one to companies who rely on fuel for their company to thrive. These challenges are aligned with rising material costs as well. The economics of transportation affects the lives of all U.S. citizens and citizens of other nations. The environmental and socially conscious groups are concerned with the impact pollution and carbon is having on the environment (Hardisty, P, Sivapalan, M, & Brooks. P, 2011). The demand for transportation is very critical and a pervasive element in our society, it also impacts every person directly or indirectly (Coyle, J. J, Novack, R. A, Gibson, B. J, & Bardi, E. J. (2011). If an organization is to survive in the today’s environment, it must create a business model that will address the pressures which continue to surface.…

    • 1721 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    The business environment is never stable. It experiences changes that are constant and the companies need to be dynamic in order to adapt itself to the changing environment. The business leaders now have more social responsibilities on their shoulders than they had only 20 years ago. With the rapid growth in technology, the activities of any business are becoming more and more transparent and hence it is no longer possible for businesses to ignore externalities. As the impacts of business on the environment, on society, and on individuals became too substantial to ignore in many realms, and cheaper and easier ways to measure those impacts were devised, the rules of doing business shifted. Considerations that hadn’t previously complicated the plans of corporate leaders have now started getting factored in.…

    • 2433 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    The Ford Motor Company, founded in 1903 by Henry Ford, is synonymous with American innovation and capitalism. With iconic branding and revolutionary manufacturing processes, Ford was the world’s No. 2 automaker for decades, second only to General Motors (“Ford Motor Company”, 2012). But the winds changed for the American automakers, the combinations of poor leadership, complacently, high manufacturing costs, poor customer satisfaction, labor disputes and ever stronger foreign competition from Toyota, Hyundai, Honda and others cost them valuable global market share and customer loyalty. By 2006 Ford did something that many thought was a desperate move by an ailing giant; they borrowed $23.6 billion. The loan became Ford’s lifeline when the global financial crisis of 2008 hit and the auto industry tanked with it. By 2009, Ford was the only American automaker that did not receive a government bailout, and by 2010 Ford’s US sales surpassed GM’s, a feat that hadn’t happened in over 50 years (“Ford Motor Company”, 2012). During this time of financial crisis, Ford has adopted a new strategy that it calls “ONE Ford” which has dramatically restructured the company’s mission and goals. By using the Balanced Scorecard approach Ford’s business unit leaders can translate the ONE Ford’s “lofty vision and strategy statements” into actionable “objectives and measures” at the local level (Kaplan…

    • 4099 Words
    • 17 Pages
    Powerful Essays
  • Good Essays

    The triangle of Justice

    • 679 Words
    • 2 Pages

    Ethically lacking corporate decisions since the industrial revolution have snowballing repercussions onto the populations of the world. As technology grows and economics of scale strengthen, the responsibility also grows with both the breadth and depth of the surrounding populations. The breadth and depth refers to the three point demands of sustainability. These three demands of a business are economic, social, and environmental. Due to the straightforward economic necessities, focus on the social and environmental ethical issues is required. The necessity of a sustainability mission statement and realization that sustainability is an ethical issue needs support from the masses in order for changes to occur.…

    • 679 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Value Paper

    • 799 Words
    • 4 Pages

    The Ford Motor Company abides and thrives on their current mission and vision statement which is “One Ford,…

    • 799 Words
    • 4 Pages
    Powerful Essays