More collaboration and negotiation among the two parties occurred until the signing of the first contract on June 20, 1941 that include detailed back pay wages to more than 4,000 employees wrongfully discharged (History, 2012). Over the years, the relationship between Ford Motor Company and United Automobile Workers Union strengthened with various new programs, which secured health and pension benefits to the employees and policies geared toward production processes, and the quality of life of its employees and their families (Ford Motor Company,
Alan Mulally, the current CEO of Ford Motor Company, came into the company with a new direction. With a selling leadership style Mulally won over the willingness of Fords followers. Mulally builds confidence of followers by providing clear direction and encouraging two way communication. After looking at the product lineup Mulally said, “Where’s the Taurus?”After learning the Taurus was renamed the Five Hundred Mulally said, “Well, you’ve got until tomorrow to find a vehicle to put the Taurus name on because that’s why I’m here. Then you have two years to make the coolest vehicle that you can possibly make.” (Hellriegel & Slocum 2011 p. 544).
On June 16, 1903, Henry Ford established the Ford Motor Company in Dearborn, Michigan (Wikipedia). Ford made history and revolutionized the manufacturing industry by introducing engineered manufacturing sequences by mobile assembly lines, which was later dubbed “Fordism” (Wikipedia). The company grew to mass produce an array of products including cars, trucks, SUVs, and tractors. It seemed that Ford had solidified its reputation and place as a leading, car manufacturer. However, in this fast-paced, innovative world, no company is safe from competition.
The company owns 73 plants and employs about 164,000 employees. Ford is now the second largest automotive manufacturer in the U.S. and the fifth largest in the world. The two famous brands of the company are Ford and Lincoln, which are the main brands. Ford also owned some other brands such as Volvo, Mercury, Jaguar, and Land Rover, but it sold these brands to other automakers to keep its focus on the two current main brands. Ford’s mission statement is ONE FORD: ONE TEAM, ONE PLAN, and ONE GOAL ONE FORD: ONE Ford expands on the company’s four-point business plan for achieving success globally.
Once Toyota identified their target market, they also used two years to market and advertise the Prius before its launch. The company disseminated information about the Prius through its website and brochures to 40,000 likely buyers. Eventually, Toyota had 1,800 pre-orders for the Prius prior to its release. Internally, the company has also boosted their sales by offering incentives and discounts to their own employees when they purchase a Prius (as with their other models as well). Next, the consumer market entailing individuals and households buying goods for personal consumption also played an important role in influencing both generations of the Prius.
1 Functions of Management Yolanda Green BSHS/322 December 4, 2011 Instructor Frank Scarpone 2 When it comes to operating a successful business, organizations can best achieve the goals and objectives of the company by following the four functions of management. The four functions of management are planning, organizing, leading, and controlling. The following paper discusses the four functions of management, and also explains how each function relates to my own organization. The first function of management is planning. Planning is the most important aspect of all functions of management.
Jennifer Nichols Popular Culture 4/21/2011 Henry Ford and the automobile I chose to review the chapter, "Henry Ford: Symbol of an age." During this review I will be summarizing the main ideas of the chapter, relating back to what we learned in class, and giving you my own opinion. One of the main ideas of the chapter is showing how big Ford really was in the 1920's. The chapter starts out saying that there were few names better known during that time. In fact, college students ranked Ford the third greatest figure of all time, behind Napolean and Jesus Christ.
I believe that learning somewhat comes from being enthusiastic and always willing to try new things. It is very important for a business to always be open for change and the ability to try new technology and strategy in order to improve and become more efficient. Please link Mr. Cotes ideas on leadership to the requirements of a strategic leader. Please describe how learning is tied to both types of development. Mr. Cotes has several examples that show how he is a strategic leader and he gave an example of his dad who was dealing with a angry customer at his gas station and he always learned from that experience that you need to sometimes put your pride aside during times of business.
Key History Henry Ford, with his passion and vision for the automobile industry in 1903 founded Ford Motor Company. Ford is based out of Dearborn, Michigan and first started off in 1899 as Detroit Automobile Company, which unfortunately quickly failed. This failure did not discourage Ford, shortly after the failure of Detroit Automobile, Ford founded the Ford Motor Company on June 16th, 1903 which was and to this day is also based in Dearborn Michigan. Henry Ford in 1908 then introduced to the world the Model T. The Model T was a success due to the affordable price, consistency, and efficient production. This allowed for Ford to sell over 15 million vehicles and make them a major part of the automobile market share.
While researching the thinking’s of Steve Case, James Kouzes, and Peter Drucker as it pertains to entrepreneurial leadership, I’ve discovered that all of them share different views as to what determines a successful entrepreneur. Case, a co-founder of AOL, summarizes his ingredients for success with the “3 P’s”: people, passion, and perseverance. He feels that if those things are in the right balance, then anything is possible. Case has performed several seminars in which he has explained the role of the “3 P’s” in his own career. According to Case (2010), perseverance was an especially crucial component of AOL’s early stages, and it eventually lead to its success.