Part of a sustainability or corporate social responsibility report Differentiation Level This COP qualifies for the Global Compact Advanced level Self-assessment Includes a CEO statement of continued support for the UN Global Compact and its ten principles Description of actions or relevant policies related to Human Rights Description of actions or relevant policies related to Labour Description of actions or relevant policies related to Environment Description of actions or relevant policies related to Anti-Corruption Includes a measurement of outcomes Meets all criteria for the GC Advanced level Verification and Transparency How is the accuracy and completeness of information in your COP assessed by a credible third-party? Information is reviewed by multiple stakeholders e.
The company was responsible for the innovation of the moving assembly line where employees would remain in the same place while performing the same task on each automobile that move along the assembly line.
Ford Motor Company has been a prominent car producer for over years — an icon of U. However, the company has reached a pivotal impasse where timely planning has become crucial. Ford Motor Company, n.
This case study will examine four options; the first option is whether to close down older plants in an effort to realign production and sales. The second option is to re-engineer the company to produce smaller cars eliminating or sharply reducing the SUV and truck lines.
The third option is to take the unprecedented step of dramatically reducing North American presence and focus the company efforts on international markets where the company has been very successful.
In addition, management should utilize the SWOT acronym for Strengths, Weaknesses, Opportunities, and Threats analysis, to identify their internal strengths and weaknesses and their external opportunities and threats.
Ford can use the SWOT analysis for assessing their strategic position in its internal and external environments. Rational decision-making and the SWOT analysis will allow Ford to obtain and ascertain key issues to determine what strategic plans to implement.
The case outlines four strategic options Ford is pursuing to increase its profitability. Describe each of the four options. For each option list two criteria, you would use to evaluate the option. Option number one recommends closing older plants to realign production and sales.
Closing the older plants managers would have to evaluate how these closures will affect their internal environment, employees will lose their jobs; the company will be obligated to buy out each employee. In addition, the company has to evaluate their external challenges; how will the closure of these plants affect the community.
The plants are currently producing more cars supply than the consumers are purchasing demand. In addition, the company could sell their supply to employees at a discounted price and offer the consumers in the community this same discount at a point lower to achieve goodwill in the community, thus minimizing their external challenges.
Option number two is eliminating or sharply reducing the SUV and truck lines and concentrating on the production of smaller cars.
The company managers should determine the strength of this option, the company would need to evaluate the following: Therefore, to evaluate these challenges I propose managers review their industry forces that address the question; how should Ford Motor Company compete in the SUV and truck line industry.
The company can determine if this is a feasible market for the company to continue participating in by assessing their positioning strategies.
Again, it is imperative that managers utilize the rational decision-making process to determine; what is the sustainability of the Ford brand in the international market, how will reducing or removing North American presence affect the overall brand, and which plants in North America should be closed for short periods to allow the demand to catch up with the supply.
In addition, Ford should implement an aggressive marketing strategy in Europe, South American and China to gain a sustainable competitive edge in a market that is receptive.
Option number four is to sell the entire PAG. In light of the possibility that market conditions can and do change, discuss at least three examples of how the company should build-in flexibility to back-up it decision-making process. Therefore, when one or several of the alternative plans flourish Ford would invest more in those plans, while reducing investments in other, for example, the North American plants.
The second plan for the company to build in flexibility would be its slack resources that are people, money or production. Hence, the partial closing of the North American plant, slack resources would enable Ford to adjust, when demand increases there will be resources available to accommodate these changes.
In addition, for any plan to work well, management has to keep communication open with all members of the team to develop and encourage commitment. List at least three steps that make-up a workable plan and explain why each is important. To determine and execute strategies for the four options managers at For Ford Motor Company have to be aware of the essentials steps in preparing a workable plan.
Therefore, step number one to prepare a workable plan is setting specific goals, using the S. This is important because it directs behavior and increase efforts when the plan stipulates specific goals. Step number two is developing commitment.
Therefore, both managers and employees should collectively set goals to encourage commitment; setting goals collectively encourages employees to intensify their efforts. The third step is developing an effective action plan that list the specific steps, how the options will be carry out, which employees will perform each task, and what resources are going to be needed and how long it will take to accomplish the goal.
The fourth step is tracking progress this will allow you to track your short-term proximal and long-term distal goals. In addition, the company managers should use a Gantt chart that will aid them in tracking this progress and keeping projects on task. When you know where you are going, how you getting there, who is assisting and how long it will take allows you to be flexible when conditions change.
Discuss the option or combination of options you selected as the best course of actions for Ford Motor Company and detail your reasons for selecting that option or combination of options. I recommend Ford Motor Company put into operation, option number three, to take the unprecedented step to dramatically reduce their North American presence and focus their efforts on international markets where they have been successful.
Ford has lost a substantial amount of market share to its competitors. Ford does not want to produce more cars than they sell.
Therefore, by reducing production in this market will provide them with slack resources to fund their European market.(TNS) — Ford Motor Company has created a new entity to run its autonomous vehicle operations from its new Corktown campus in Detroit, officials announced Tuesday.
Jul 24, · Ford Motor Company today announced it has created Ford Autonomous Vehicles LLC, a new organization charged with accelerating its AV business to capitalize on market opportunities.
3. Discuss how an effective action plan can be created and how progress can be monitored. 4. List at least three steps that make-up a workable plan and explain why each is important. 5. Strategic Report for Ford Motor Company Rhett Dornbach-Bender Bill Slade Joe Thorpe April 20, created.
In , Toyota exported its first automobile to the United States, and began chassis worldwide and a greater focus on the core Ford nameplate. As a part of this plan. May 22, · Ford Motor Company - Director IR Alan Mulally Ford Motor Company - President, CEO Good day, ladies and gentlemen, and welcome to the Ford Business Plan Review conference call.
My name is Katina, and I will And North America made good progress on their transformational plan. In light of the possibility that market conditions can and do change, discuss at least three examples of how the company should build-in flexibility to back-up its decision-making process.
3. Discuss how an effective action plan can be created and how progress can be monitored.