Business Analysis: Company Analysis Of The Ford Motor Company

997 Words2 Pages
bulb-icon

Recommended: Summary of ford motor company

Ford Motor Company is an American multinational and second-largest U.S base automaker with headquarters in Dearborn, Michigan, manufacturing and distributing their products worldwide. The Ford Motor Company was founded by Henry Ford on June 16, 1903. Henry Ford succeeded in his mission to produce an affordable, efficient and reliable automobile for the masses when the company introduced its highly successful launch of the Model T. The success of the Model T and its high demand lead Ford Motor Company to develop innovative production methods including that standardized parts and, of course, the world’s first moving assembly line for cars. Today the company is a publicly traded company with the New York Stock Exchange and operates over sixty plants worldwide with over 171,000 employees. The company’s automotive products include a full family of …show more content…

The One Plan and One Goal components also indicate that the mission statement focuses and unifies Ford’s global organizational efforts to improve business performance and achieve the global leadership point in the company’s vision statement” (Ford). Ford’s vision statement is “people working together as a lean, global enterprise for automotive leadership.” (Ford). The company also explains that organizational performance is measured by the satisfaction of their customers, employees, investors, dealers, suppliers, and communities. Ford’s vision statement states that the company places a great deal of emphases on global leadership, stakeholder relations, and lean business in their quest to become the world’s leading automotive brand in products and services. Ford Motor Company prides itself as a company that is passionately committed to providing personal mobility for people around the

Show More
Related

  • Explain How Did Fordism Transform American Industrial And Consumer Society

    266 Words  | 1 Pages

    Fordism changed American industrial and consumer in many ways such as Henry Ford developed new techniques of car manufacturing and marketing that made it easier for ordinary American citizens to try themselves. After three years of establishing his company “Ford Motor Company” in 1905, Ford introduced to the American people “Model T” for which was a light-weight vehicle that can handle to cruise the country’s poorly maintained roads. In Europe for which the car that is mostly used over there is the “Mercedes” for which was targeted for high-class people of society over there and were superior in craftsmanship in the car manufacturing; however, Ford focused on mass production

    Read More

  • Ford Motor Company

    1589 Words  | 4 Pages

    Henry Ford I, the founder of Ford Motor Company, was born on a farm near Dearborn, Mi in 1869. From boyhood, he had a talent for engineering, but it was not until 1890 that he commenced his engineering career as an employee of the Detroit Edison Company. Ford’s superiors at the electric company felt his hobby distracted him from his regular occupation, and despite his promotion to chief engineer, he was forced to quit in 1899.

    Read More

  • The Ford Motor Company: A Mass-Production Method

    321 Words  | 1 Pages

    Ford Motor Company was founded in 1903 by Henry Ford. The company remained a private company until January 1956, when public sale of the common stock was first offered. The company mainly manufactures passenger cars, trucks, and commercial vans. They have also been able to produce automotive parts and accessories. Company headquarters are located in Dearborn, Michigan

    Read More

  • Henry Ford's Difference In The Automobile Industry

    896 Words  | 2 Pages

    Henry Ford was born on July 30 in 1863 in Greenfield Township, Michigan he was one of the first American industrialists and wanted to make a difference in the automobile industry. Back then, before 1908 automobiles were expensive that only rich people could afford. Henry Ford wanted to change this and wanted everyone to have a vehicle to drive. He was able to accomplish this by the assembly line, in which it created more cars in less time. The first car Henry Ford made was the Model T created on the assembly line. Ford’s innovation in manufacturing created less expensive cars and higher wage jobs.

    Read More

  • Analysis Of Ford Motor Company

    1981 Words  | 4 Pages

    The Ford Motor Company (usually known as Ford) is an American multinational automaker located in Dearborn, Michigan. The company was founded by Henry Ford and incorporated in 1903. The company sells automobiles and commercial vehicles under the Ford brand, and most luxury cars under the Lincoln brand. Ford introduced methods for large-scale manufacturing of cars and large-scale management of an industrial workforce using elaborately engineered manufacturing sequences typified by moving assembly lines; by 1914 these methods were known around the world as Fordism.

    Read More

  • Henry Ford: Henry Ford The Car Industry

    843 Words  | 2 Pages

    started up in 1903. Of course, it wasn’t all smooth sailing. George Baldwin Selden, an inventor, earned himself a patent for the automobile in 1895. This halted production of the Model A almost entirely. Ford eventually gained the support of other carmakers and eventually shut down the Selden Patent. Henry Ford faced many other challenges including greedy employees, failed model t prototypes and many more things. However, Ford also had his Triumphs in some of the things he's most famous for. First, Ford invented the assembly line. Before, one car would be assembled at a time bringing all the parts around to one place. Ford’s assembly line changed this. Now they could make and mass produce several cars at a time. Heres how it works: a bare chassis would roll down a conveyor. Along the way the engine, wheels, body, and a black paint job would be applied. Going along with the assembly line, Ford was also able to make a cheap, easy to fix,

    Read More

  • Impact of the Automobile in America

    1031 Words  | 3 Pages

    Observed as a technological mastermind, Ford commenced experiments involving machinery from the time he was adolescent to launching his career working at the Edison Illuminating Company. He examined internal combustion engines and gasoline buggy ideas, eventually resulting in removing himself from Edison’s company and his introduction into the emerging automobile industry. Following in 1903, he established the Ford Motor Company, which expeditiously became a leader in the automotive industry and would gain extensive wealth within only a few decades. While other manufacturers strove to produce automobiles to be extravagant and luxurious predominantly for the wealthy, he immensely focused on efficient mass production of durable, affordable vehicles for the expanding middle-class market. The car should be like a fine watch," Ford said.

    Read More

  • Executive Summary of the Ford Motor Company

    2126 Words  | 5 Pages

    Ford Motor Company has been and till the date is known as the king of innovations in the automobile industry. Their research & development department and innovation of interchangeable parts in moving assembly lines resulted in extraordinary global extension for them. They are an old heritage who ruled and still doing impressive jobs in the global automobile market. Some prestigious motor brands are also owned by Ford.

    Read More

  • Ford Motor Company Business Case Study

    1932 Words  | 4 Pages

    The Ford Motor Company inspired a manufacturing revolution with its mass production assembly lines in the early 20th century. Ford and Lincoln are one of world's most well known automotive brands, most known for the Ford Mustang, and F-Series pickup trucks. Henry Ford incorporated Ford Motor Company in 1903 at Dearborn, Michigan. Ford Motor Company is known as one of the largest automobile companies in the world. (DATAMONITOR: Ford Motor Company, 2010 p. 4). Since 1980, Ford has been able to remove $5 billion from its operating cost (Brady, 1986, p. 8). The Ford Motor Company has around 181,000 employees and 65 plants worldwide using the automotive brands Ford and Lincoln (FMC Annual Report 2013, p.149).

    Read More

  • Henry Ford Biography

    500 Words  | 1 Pages

    By 1899 Ford created a more proper looking motorcar with the help of wealthy businessman William Murphy. It had high wheels, a padded double bench, brass lamps, mud guards, and a "racy" look. In the same year Ford founded the Detroit Automobile Company. Within 3 years Ford had built an improved, more reliable Quadricycle, using a four-cylinder, 36 horsepower-racing engine. In 1901 his car beat what was then the world's fastest automobile in a race before a crowd of eight thousand people in Grosse Pointe, Michigan. The publicity he received for this victory allowed Ford to finance a practical laboratory for refining his auto ideas. In 1903 Ford launched his own car company, The Ford Motor Car Company, and by January 1904 he had sold 658 vehicles. By 1908 he built the famous Model T, a car that was affordable to the middle class. The automobile was no longer the toy of the rich.

    Read More

  • Ford Motor Company Strategic Audit

    1313 Words  | 3 Pages

    Ford Motor Company current mission statement is “committed to provide personal mobility for people around the world”. With that in mind their vision is to become the world’s leading Consumer Company for automotive products and services. By improving everything they do, the company provide superior returns to their shareholders (Vision, Mission, Values).

    Read More

  • Vision and Mission

    1295 Words  | 3 Pages

    Vision and mission statements play a vital role in the strategic planning of an organization. Aguinis (2013) states defining an organization’s current and future identity are a key component of the strategic planning process. Strategic planning creates a blueprint to chart an organization’s goals and to aid in the division of resources to properly achieve the established goals (Aguinis, 2013). Properly communicating the goals and identity of an organization are essential if employees are to completely understand their purpose and mission to the organization. A review of the vision and mission statements for Harley Davidson reflects certain insights into the identity of the organization but also reflects some areas of improvement in adequately including the eight characteristics of an ideal mission statement.

    Read More

  • Ford Motor Company: Strategy Implementation And Control

    1741 Words  | 4 Pages

    Strategy implementation involves establishing programs and tactics to create a series of new organizational activities, budgets to allocate funds to the new activities, and procedures to handle the day-to-day details (Wheelen, Hunger, Hoffman, & Bamford, 2015). Essentially, after a company determines the direction of their program, it is the how that particular direction will be accomplished. It also answers the question of what resources must be moved or sold to meet the allocated budget. For example, Ford Motor Company set up a program with the sole purpose of discovering alternatives to the foam that was being used in the manufacturing of car seats (Ford Motor Company, n.d.). While this program has a great deal of potential, there are different aspects that would have to be measured and verified before it can be considered a successful course of action by the company.

    Read More

  • Ford Motor Company

    1840 Words  | 4 Pages

    Henry Ford began a family automobile business in 1903; this was during the industrial revolution. This business has become the most famous automobile brand in the world. Over the years the business structure had adapted to changes in leadership, markets trends and the economic conditions. The Ford family still controls the company through multiple voting shares, even though it owns a much lower proportion of the equity

    Read More

  • Auto Ford Motor Company Case Analysis

    911 Words  | 2 Pages

    With about 187,000 employees and 62 plants worldwide, the company’s automotive brands include Ford and

    Read More

More about Business Analysis: Company Analysis Of The Ford Motor Company

Open Document