Technology is a leading role in effective business practices. As technology changes so rapidly, managers must have the capability to adapt to the change and make the necessary decision to maintain success. My friends shop has to constantly keep up to date with the latest changes in the automotive industry. They must do this in order to stay ahead of their competitors and be able to effectively diagnose and repair vehicles in a timely fashion. Innovations in the automotive industry also drive customers to bring their vehicles in to be worked on by automotive shops rather than working on them themselves.
In order to make automobiles more accessible, Ford developed a way to automate the manufacturing process by using an assembly line to construct parts and assemble the chassis, thus lowering the price and highly increasing the efficiency. The process became more and more efficient, and eventually the factories were able to produce an automobile every twenty-four seconds. This assembly model would continue to be used and eventually adopted by many other industries. For instance, the fast-food industry revolves around this model. This is only one of the lasting contributions that Ford made to American society.
http://dayerses.com/data_images/posts/ford-model-t.jpg http://dayerses.com/data_images/posts/ford-model-t.jpg Henry Ford started his company with a vision; "I will build a car for the great multitude. It will be large enough for the family, but small enough for the individual to run and care for. It will be constructed of the best materials, by the best men to be hired, after the simplest designs that modern engineering can devise. But it will be so low in price that no man making a good salary will be unable to own one – and enjoy with his family the blessing of hours of pleasure in God's great open spaces." The vision turned reality with his Model T. Ford wanted to be different.
Fords benefits from unionization because the union contracts can be negotiated and any work issues can be resolved, such as workplace safety, wages, and benefits. As a unionized company, the management at Ford will also benefit from UAW to keep its workers online to avoid low productivities. Another benefit of Ford Motors as unionized company is employees work satisfaction because of high wages, more fair practices, and guaranteed employments that leads to less company turnover. With the recent economic downturn many American businesses suffered losses, but with the help of the UAW Ford could overcome the economic barriers. In 2011 Ford and UAW agreed on a new contract approving profit sharing and signing bonuses in lieu of annual pay raises in setting the wages and benefits for 112,000 workers.
Henry Ford was very famous for promoting this wonderful commodity that represented a new kind of freedom. It was a symbol of the American Dream, and everyone was striving to have the new product. “The automobile was the backbone of economic growth.” The first real automobile appeared in Middletown in 1900; however, it wasn’t until Henry Ford came around and created a mass production of automobiles that the machine that would provide easy travel would become popular. Although the automobile created such a wonderful freedom, many adults thought that it was tearing families apart. Teenagers were spending more time with their friends driving around instead of staying at home with their family.
My problem is to link “baby boomers” and “echo boomers” together while making profits for my business. The study shows that the oldest “echo boomers” just get into job for a few years while the youngest “echo boomers” are still studying at school. They need to fit in the society and enrich their social experience in order to earn money, and a good they really need is car. “Baby boomers” certainly have cars, but “echo boomers” are the group of people that need cars. The used car market provide a chance to link this two generation together – “baby boomers” can sell their used cars to “echo boomers”.
Case Analysis #1 “Will GM's Strategic Plan Lead to Future Success?" (1) I would have to say that GM is a defender. Even though they downsized a lot of their operations, the company still managed to re-claim their title from Toyota. General Motors are experts at what they make and I am sure they would use the slogan “We're sticking with the basics.” GM is focusing their planning on cutting down the number of platforms they use in order to better save money. They can save money because with fewer platforms, they are able to cut out more of the engineering aspects of the company.
Macro environmental factors also played a crucial role in the sales of the Prius. Demographically, Toyota directed the vehicle towards the consumer who could afford to pay a higher ticket price for the fuel efficiency and environmental benefits. These well-educated consumers recognized the Prius as the front runner in the hybrid field, and were willing to pay top dollar (and in many cases above the asking price). Economics played a major role, as the price of fuel skyrocketed and consumers abandoned the full sized vehicles that
Tesla, Inc. Address: 3500 Deer Creek Road, Palo Alto, CA 94304 Website: https://www.tesla.com/ Sector: Consumer Goods Industry: Auto Manufacturers Stock: TSLA (NASDAQ) Employees: 17,782 Age: 14 years Mission: Tesla’s mission is to accelerate the world’s transition to sustainable energy. Vision: Tesla was founded to prove that people didn’t need to compromise to drive electric – that electric vehicles can be better, quicker and more fun to drive than gasoline cars. Values: Tesla believes the faster the world stops relying on fossil fuels and moves towards a zero-emission future, the better. Key Executives Elon Musk (CEO, Product Architect, Chairman, and Co-Founder): Elon Musk is a South African born Canadian American business magnate,
The idea of working on and figuring out how the different vehicle’s engines work and how the engines are put together, fascinates me, and provides a great sense of interest into being able to one day design and build vehicles for people to drive. The College of Business (2010) states that, “Automotive engineers are the people who design and make cars for the efficiency, convenience and safety of people who drive them. The creation of the different types of vehicles, the research, design and efforts of many engineers, particularly the automotive engineer goes into this process.” Vehicles are intriguing in the sounds of the motor and in how the different types of motors perform in each vehicle, depending on the horsepower and the driver behind the wheel. My interest extends from the design of vehicles, the engine and transmission, how the vehicles operate, and how far a driver is able to push the vehicles and to what limit. My interest is in all the modifications that an automotive engineer can do to enhance the speed and power of the motor, how to disassemble the motor, to reassembling it.