Ford Motor Company: Supply Chain Strategy Case Critique Summary They began by introducing the background information and problem statement for Ford Motor Company. The brief overview of Ford ranged from its start in 1903 to the strategic evaluation of Dell today. Ford had taken notice of the tech company that had revolutionized the computer industry, and Ford wanted to do the same in the automotive industry. They admired the way Dell had implemented a pull system that allowed them to interconnect the supply chain as a whole. From the Suppliers to the Dealers, their goal was to create a system that reduced the barriers between them and created a customer demand driven system.
This can make expanding and growing very difficult and decisions must be mad wisely. When it comes to their products that are purchased around the world to ensure high quality, expanding may affect that quality, making it hard to supply a specialty product. Going public through an IPO, may change the very decision made that make their company special, or it may enhance their products by providing more resources. Acquiring another company in the same industry to help their company grow could cause increased financial stability or increase their financial burden. Kudler can merge with another organization in hope to expand while implementing their mission and values on that organization or that organization may hurt their reputation.
The speaker is the artwork and the words on the advertisement. Persons looking for a full size truck with better fuel economy, someone who wants to help the environment, and persons, who are looking to save money, by spending less on gas, are the audience of this ad. This ad appeals to ethos. Ford has been making cars for years and is a trademarked and trustworthy company, giving the customer a peace of mind. Adding to their credibility is the motto found on the ad, “Built Ford Tough”, which automatically shows that Fords products are reliable and strong vehicles, so if you ever purchase a vehicle from Ford, you would expect it to be those things.
Wiedeking felt that VW could gain more profits if they stopped supporting Bugatti and Phaeton, which upset Piëch and his vision. It can be said that both men are somewhat at fault for the conflict. Before the merger, they seemed to not have clearly communicated their company visions with each other. Instead, once the companies merged, problems grew between Wiedeking and Piëch. The conflict handling style shown by both Wiedeking and Piëch would be that of ‘Forcing.’ Forcing would be using formal authority or power to satisfy one’s own concerns without the concerns of the party that are involved in the conflict (Williams, n.d.).
Although the Sarbanes-Oxley Act was passed by Congress for positive reasons, there are many disadvantages that come along with it. A major issue is the cost of regulation, especially for smaller companies. Expanding internal controls delay the timeliness of financial statements by adding processing time to accounting functions. To follow the SOX, companies would need to separate duties, causing an increase in personnel. The SOX also calls for additional audits which increase business costs.
They express alarm over the fact that capitalistic principles were violated by the bailout and that the federal government overstepped its bounds. They condemn the fact that irresponsible business practices were rewarded by a government handout. Finally, they further their argument by proposing that the natural flow of a free market economy, which relocates resources to where they will be most productive, was stemmed at the cost of the advancement of new, innovative businesses. These vastly different views have been well articulated and argued extensively by their proponents; however, this question still calls for a definitive answer: was the auto bailout in the best interest of America? Works Cited and Consulted Biden, Joseph.
Business Organizations and Unions Establishing business organizations or small companies require various issues to consider and is not limited to the financial aspect of formation and workforce but also requires adherence to numerous legal laws. It is therefore necessary to research and ascertain that both management and its employees acclimatize themselves on these issues and work hand -in-hand to obtain their goals and objectives, thus resulting to the success of the organization. This paper will expound on the relationship between Ford Motor Company and the United Automobile Workers Union from its early years and the effects of the union to the organization. Ford Motor Company and United Automobile Workers Union The Ford Motor Company is one of the largest automotive manufacturers in the world founded by Henry Ford in 1903. The company manufactures and distributes automobile around the globe with famous vehicle brands produced such as Ford, Lincoln, Volvo, and Mercury.
If Chrysler is willing to go forth with this strategy they must be willing to invest a significant amount into marketing research, it is very costly. The good thing that could be produced from differentiating the vehicle from the Jeep Liberty in more ways that just appearance is that it reduces the risk of creating internal competition for market share. A negative result that could come into sight later on it makes it harder/costly to share a platform. The course of action Chrysler must take, if interested in going through with any of the previously mentioned strategies, is first start with the Idea Generation which is to
A major source of conflict between the executives at Porsche (Wendelin Wiedeking) and Volkswagen (Ferdinand Piëch) lies communication, which resulted in two differing views regarding the company – Volkswagen Group – goals and what direction VW wanted to go. Wiedeking, was the CEO of Porsche and believed in maximizing profits of the company. Wiedeking took the approach of doing what it took to make the most profits—from cutting costs, snubbing employees, and interfering with the way VW handled their business. Other automotive researches agree, that Porsche is successful at being lean, as well as profitable. On the contrary, Ferdinand Piëch, of Volkswagen, had a different vision for the company.
In short run profit maximization will increase however in long run it is harder to increase companies profit because they will need perfect information in order to prevent the risk of the market. According to reality in most of times big companies work for society, to get a brand image and name lowering prices, use child labor and pesticides in order to create lower cost and therefore increase their profit. Sometimes companies make polices in order to get subsides as low carbon emission. As a result more consumers are demanding these products. In the short run firms may not increase their profits because the cuts in prices but if they achieve this in long run they may experience maxim profits.