STRENGTH AND WEAKNESSES OF FORD

Strength and Weaknesses of Ford



Strength and Weaknesses of Ford

The Ford Motor Company deals with automobiles. Founded in 1903, the enterprise developed from Henry Ford and his illusion to make vehicles accessible to everyone. Beginning in 1980, individuals out-of-doors of the Ford family held many of the strong places inside the enterprise, but on Oct. 30, 2001, Henry Ford's large grandson, William Clay Ford Jar., deserved Chief Executive Officer, complete the decades of power sharing. (Economist 2009)

Ford, number four in the Fortune 500, is a gigantic conglomerate and the top pick-up engine motor truck constructor in the world. Only General Motors, its utmost competitor, makes more cars. (Economist 2009)

As a whole, the US auto market slumped step-by-step through the year, with sales lowering five per century general in July of 2001 and Ford's production has been the worst. The best way for Ford to consider accomplishment is by sales earnings, or how much money the enterprise makes from dealing automobiles. In 2000, Ford swapped over $170 billion, a 4.6% increase from 1999. However, in the second quarter complete June 30, Ford lost $752 million, mostly the conclusion of the13 million Firestone consume replacements. In the third quarter of 2001, Ford's earnings dropped by $6 billion from the preceding quarter as the agony investments worsened after the September 11 tragedy. (Ford 2009)

Another good signal of Ford's state is if or not the enterprise is laying individuals off. If Ford's sales work, then the enterprise is compelled to make fewer vehicles to make up for the lagging sales. As a conclusion, fewer employees are required for the lesser degrees of production. Currently, the enterprise values about 350,000 individuals, but layoffs have been widespread and critical in 2001.

Clearly, Ford's three foremost public - employees, purchasers, and investors - have origin for concern. Slumping sales, lesser productivity, and rank impairment threaten the solidity of the company. (Economist 2009)

 

Strengths and Weaknesses

Within the past year, Ford's rank has been inundated by comprehensive recalls. “When you have three, four or five identifies, it conceives anxieties about the vehicles,” said automotive analyst Greg Sal chow. Beyond this foremost central theme, Ford has more over endured external adversities like the lowering investments and the Sept. 11 attacks, convincing them to make central alterations to make up for slumping sales. Here we have provided a list of central power and flaws, coordinated by public or foremost theme that objective on what the enterprise has completed internally, either as a conclusion of external affairs or as prevalent procedure. (Ford 2008)

 

Strengths:

Community Relations:

Ford has made numerous efforts to aim the surrounding community. A breast cancerous contamination insight crusade was believed in which celebrities are employed to notify how breast cancerous contamination has leveraged them. The enterprise takes strides to fight back the natural environment showed by the development of an electric driven propelled vehicle and efforts to increase fuel efficiency. (Economist 2009) Since the Sept. 11 attacks on America, Ford and its employees have made comprehensive donations and held ...