Ford's global strategy can be described as a transnational strategy.
Key aspects of Ford's transnational strategy include:
- Developing standardized global platforms and parts that allow Ford to realize economies of scale, while still allowing for some customization to meet local market needs.
- Sharing design and production knowledge between regions to improve efficiency while transferring best practices.
- Pursuing both cost leadership through standardized platforms in emerging markets like China, while still meeting demands for customized offerings in established markets like the US and Europe.
- Leveraging global scale to lower costs and improve margins worldwide, while maintaining regional autonomy where needed to adapt to local conditions.
In summary, Ford's 'One Ford' strategy aims to
Current Market Conditions Competitive AnalysisAs managers or fut.docxalanrgibson41217
Current Market Conditions Competitive Analysis
As managers or future managers, it is important to focus on the analysis of a current market situation and the competition. As managers, one has to be familiarized with the internal and external factors that can affect strategic decisions, as well as the market conditions of the industry where one works. This information analysis will help when making the right decisions for one’s company. With the information at hand, managers are at times forced to make rapid decisions because the market demands it, and it moves continuously and swiftly. One of the tendencies is technology. As managers, one needs to recognize that technology advances rapidly, and it may soon become obsolete, and companies need to be in compliance with current market conditions to stay on top of their game.
The purpose of this essay is to present a market analysis of the new product that will be introduced into our corporation, Economic Hybrid Car, "EHC". The study conducted was made by selecting one of our principal competitors in the auto industry: Ford Motor Company. We shall open our essay with a little history of the man and the product that changed the world.
History & Market
Henry Ford founded the Ford Motor Company in 1903. Although he did not invent the automobile, his vision was to provide families an affordable mode of transportation. Ford's idea was to offer urban families as a mode of transportation to go to the countryside, and provide agriculturalists and farmers with their mode to go and visit the city. This idea would help the economy on many other levels as urban consumers can now go further out from cities, and into the countryside where to produce (fruits and vegetables), and dairy products (milk, butter, and cheese), among other products were available for consumer purchase. This essentially brought the customers to the farmers, whereby the farmers reaped the profits from such visits to their farms and businesses. On the other hand, the farmers and agriculturists could visit the cities and purchase items that were not easily available in their towns and villages. A win-win situation for all in Henry Ford’s mind. As he begins to think and formulate on this idea, he encounters many issues, family problems, ethical issues, and financial matters.
Henry Ford worked day and night to make his first automobile, but forgot the smallest detail, because once built, the vehicle could not make it out of the building because they forgot to make an exit for his new machine. They had to destroy a wall to make space get the car out of the building. Henry Ford did not have luck with his first company and was fired from the second. While on his third company, he realized he needed to respond to the shareholders. His idea was to make affordable cars, and the shareholders wanted to make cars with a high price tag to make more money. This resulted in various controversies and financial issues that were not expe.
1
8Week 3 Assignment 1
Nicole Lynn Sowards
Strayer University
BUS499 Business Administration Capstone
Dr. Joseph Keller
April 20, 2020
Week 3 Assignment 1
Ford is an American multinational automobile company founded by Henry Ford in 1903. Firstly, the paper will also discuss the impact of globalization and technology on the Ford company. Secondly, it will further shed light on the industrial organization model and the resource-based model to assess the returns of the corporation. The paper will finally discuss the vision and mission of the company, including the impact of stakeholders on the success of the company.Globalization
According to Grant, the key element in changing an industry's profitability is in the evolution of an industry's structure. Industries around the world have changed due to globalization and maturity. Both components have contributed to competition. The competition has increased as globalization has bought firms together by shrinking the space between them and providing them with the same market (Grant, 2008). The same is true for the Ford company. Globalization means using and being a part of the world economy and profiting from it.
Companies in the global economy need ways to supply and produce automobiles that don't only cater to the needs of international clients but develop something that caters to the needs of locals. To overcome the problem of attending to local needs, Ford, for example, has created a global scale network to assemble plants to get access to the greater supply-base. Ford's partnership with Mazda, for example, has made it easy for Ford to get Mazda's well-established supply base in Thailand. Given the hassle of building local supply and the pressure, companies go through to create local content; such partnerships help companies like Ford in globalization ( (Sturgeon & Florida, 2002).
But before adjusting to the world global economy, Ford has to struggle to be a part of the globalization. The reduced restrictions in trade in the emerging market after globalization has led to a wave of investment across the globe. Before the 1970s, the companies of automobiles were dominating the market in the U.S., which was called "Big Three." But after globalization permitted foreign vehicles to enter the market, the U.S. market for automobiles changed. For example, Japanese cars that were high-quality cars and introducing new modes of manufacturing changed the industry. Ford's competition was threatened by globalization and the other two companies' restrictions in trade in the emerging market after globalization has led to a wave of investment across the globe. Before the 1970s, the companies of automobiles were dominating the market in the U.S., which was called "Big Three." But after globalization permitted foreign vehicles to enter the market, the U.S. market for automobiles changed. For example, Japanese cars that were high-quality cars and introducing new modes of manufacturing changed the indust.
Type Discussion BoardResearch Design and AnalysisTue, 6.docxcandycemidgley
Type: Discussion Board
Research Design and Analysis
Tue, 6/12/17
Assignment Details
Assignment Description
Course Comprehensive Project
Collaboration in a business environment is a best practice that leverages the collective knowledge of the team assembled. Peer evaluation and support, provided in the spirit of continuous improvement and organizational success, result in higher quality deliverables than generally possible by the efforts of an individual. Please describe the process you plan to use to conduct research, identify findings, and develop the Comprehensive Project due in Unit 5 and present a preliminary outline indicating how you intend to organize the project deliverable.
Unit 5 project located below:
Comprehensive Analysis of Ford Motor Company
Name
American InterContinental University
Abstract
Since its beginning in 1903, the Ford Motor company has gone through some phases to enable it to reach its current market position. The Ford Motor Company possesses a good supply chain management status that enables it to receive raw materials and sell its products to the domestic and international market. Its possession of 90 plants and more than 213,000 employees in three major regions of the world makes it manufacture $5 million vehicles yearly, generating approximately $100 billion. The market is highly demanding and possesses dynamic changes that affect automobile companies such as Ford Motor. The market also comprises of some challenging factors such as fluctuating prices of oil and petroleum, competition, and political instability among others that affect the operations of Ford Motor Company. The SWOT Analysis of Ford Motor Company influences the company to adapt effective strategies that save it from falling in the market. Developing the right approaches in the company’s operations makes it easy for the company to beat the competition and remain relevant.
Comprehensive Analysis of Ford Motor Company
Introduction
The paper discusses the Ford Motor Company through an extensive and conclusive research. It uses the available public information about the company and its operations. It carries out an analysis of its products and services, and how it relates to the market. The paper discusses the relationship between Ford’s operations and the stakeholders found in its market (external and internal stakeholders). The stakeholders have a significant status in its operations as they affect the business operations launched by the company on them. Ford Motor Company is also affected by both its internal and external operational environment. The paper discusses the external and internal factors that affect its performance through SWOT (Strength, weakness, opportunities, and threats) Analysis.
The paper also has a key focuses on the corporate strategy provided by Ford Motor Company to survive in the market. Ford Motor Company has come through a period of financial challenges to reach where it ...
Profitable Growth for AllFord Motor Company 2012 Annual Repo.docxstilliegeorgiana
Profitable Growth for All
Ford Motor Company 2012 Annual Report
Ford Motor Company | 2012 Annual Report
On the Cover
The One Ford plan enables accelerated development of products
that customers truly want and value, resulting in a full-line of cars,
utilities and trucks that meet and exceed owner expectations
across global markets. The upper photo includes the stylish Ford
Focus hatchback, the sporty subcompact Fiesta ST and the
distinctive Escape utility vehicle. From left to right, lower photos
illustrate the innovative new Lincoln MKZ, the family-friendly Ford
B-MAX and the iconic F-150 pickup truck.
Revenues 2012 2011
Worldwide wholesale unit volumes by automotive segment (in thousands)
Ford North America 2,784 2,686
Ford South America 498 506
Ford Europe 1,353 1,602
Ford Asia Pacific Africa 1,033 901
Total 5,668 5,695
Revenues (in millions)
Automotive $ 126,567 $ 128,168
Financial Services 7,685 8,096
Total $ 134,252 $ 136,264
Financial Results
Income before income taxes (in millions)
Automotive $ 6,010 $ 6,250
Financial Services 1,710 2,431
Total $ 7,720 $ 8,681
Amounts Attributable to Ford Motor Company
Net income (in millions) $ 5,665 $ 20,213
Diluted net income per share of Common
and Class B Stock $ 1.42 $ 4.94
Cash and Spending
Automotive capital expenditures
Amount (in billions) $ 5.5 $ 4.3
As a percentage of Automotive sales 4.3% 3.3%
Automotive cash at year end (in billions)
Automotive gross cash (a) $ 24.3 $ 22.9
– Cash net of Automotive debt 10.0 9.8
Shareholder Value
Dividends paid per share $ 0.20 $ 0.00
Total shareholder returns % (b) 23% (36)%
Operating Highlights
Content
1 More Products People Want
2 A Message from the Executive Chairman
3 A Message from the President and CEO
7 Board of Directors and Executives
8 Shareholder Information
9 Financial Content
161 Global Overview
(a) Automotive gross cash includes cash and cash equivalents and net marketable securities.
(b) Source: Standard & Poor’s, a division of the McGraw Hill Companies, Inc.
Ford Motor Company | 2012 Annual Report 1
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More Products People Want
Ford designs, builds and sells cars, utilities and trucks of all sizes to meet the needs of a diverse global customer base.
From small cars such as the Ka and Fiesta to large trucks like the venerable F-150 and Super Duty, Ford Motor Company
vehicles cover the full spectrum of global automobile requirements.
Small
Sporting a refreshed look, the Fiesta boasts
the three-cylinder 1-liter EcoBoost engine
providing better power and fuel efficiency
than previous models. The Ka and Figo
round out a global lineup that offers
premium features in smaller packages.
Small
The EcoSport, a market leader in
South America, debuted globally.
This SUV is specifically designed
for the urban environment in South
America, India ...
I need a paragraph of information added in the appropriate place to .docxursabrooks36447
I need a paragraph of information added in the appropriate place to my paper with in-text citing along with citing the source. The source has to be from Securities Exchange Commission (SEC). The PAPER is located below.
Comprehensive Analysis of Ford Motor Company
Bigfella15
Institution
Abstract
Since its beginning in 1903, the Ford Motor company has gone through some phases to enable it to reach its current market position. The Ford Motor Company possesses a good supply chain management status that enables it to receive raw materials and sell its products to the domestic and international market. Its possession of 90 plants and more than 213,000 employees in three major regions of the world makes it manufacture $5 million vehicles yearly, generating approximately $100 billion. The market is highly demanding and possesses dynamic changes that affect automobile companies such as Ford Motor. The market also comprises of some challenging factors such as fluctuating prices of oil and petroleum, competition, and political instability among others that affect the operations of Ford Motor Company. The SWOT Analysis of Ford Motor Company influences the company to adapt effective strategies that save it from falling in the market. Developing the right approaches in the company’s operations makes it easy for the company to beat the competition and remain relevant.
Comprehensive Analysis of Ford Motor Company
Introduction
The paper discusses the Ford Motor Company through an extensive and conclusive research. It uses the available public information about the company and its operations. It carries out an analysis of its products and services, and how it relates to the market. The paper discusses the relationship between Ford’s operations and the stakeholders found in its market (external and internal stakeholders). The stakeholders have a significant status in its operations as they affect the business operations launched by the company on them. Ford Motor Company is also affected by both its internal and external operational environment. The paper discusses the external and internal factors that affect its performance through SWOT (Strength, weakness, opportunities, and threats) Analysis.
The paper also has a key focuses on the corporate strategy provided by Ford Motor Company to survive in the market. Ford Motor Company has come through a period of financial challenges to reach where it is today. The company has employed some strategies that have influenced continuous survival in the market about the competitors. The paper focuses on the corporate strategies that the managers employ to beat the competition and remain relevant in the market. The conclusion session develops a summary of the content of study and gives recommendations to create a clear understanding of the topic of study.
Background Information on Ford Motor Company
Henry Ford, a prolific engineer, born by immigrant farmers, established Ford Motor Company in .
Current Market Conditions Competitive AnalysisAs managers or fut.docxalanrgibson41217
Current Market Conditions Competitive Analysis
As managers or future managers, it is important to focus on the analysis of a current market situation and the competition. As managers, one has to be familiarized with the internal and external factors that can affect strategic decisions, as well as the market conditions of the industry where one works. This information analysis will help when making the right decisions for one’s company. With the information at hand, managers are at times forced to make rapid decisions because the market demands it, and it moves continuously and swiftly. One of the tendencies is technology. As managers, one needs to recognize that technology advances rapidly, and it may soon become obsolete, and companies need to be in compliance with current market conditions to stay on top of their game.
The purpose of this essay is to present a market analysis of the new product that will be introduced into our corporation, Economic Hybrid Car, "EHC". The study conducted was made by selecting one of our principal competitors in the auto industry: Ford Motor Company. We shall open our essay with a little history of the man and the product that changed the world.
History & Market
Henry Ford founded the Ford Motor Company in 1903. Although he did not invent the automobile, his vision was to provide families an affordable mode of transportation. Ford's idea was to offer urban families as a mode of transportation to go to the countryside, and provide agriculturalists and farmers with their mode to go and visit the city. This idea would help the economy on many other levels as urban consumers can now go further out from cities, and into the countryside where to produce (fruits and vegetables), and dairy products (milk, butter, and cheese), among other products were available for consumer purchase. This essentially brought the customers to the farmers, whereby the farmers reaped the profits from such visits to their farms and businesses. On the other hand, the farmers and agriculturists could visit the cities and purchase items that were not easily available in their towns and villages. A win-win situation for all in Henry Ford’s mind. As he begins to think and formulate on this idea, he encounters many issues, family problems, ethical issues, and financial matters.
Henry Ford worked day and night to make his first automobile, but forgot the smallest detail, because once built, the vehicle could not make it out of the building because they forgot to make an exit for his new machine. They had to destroy a wall to make space get the car out of the building. Henry Ford did not have luck with his first company and was fired from the second. While on his third company, he realized he needed to respond to the shareholders. His idea was to make affordable cars, and the shareholders wanted to make cars with a high price tag to make more money. This resulted in various controversies and financial issues that were not expe.
1
8Week 3 Assignment 1
Nicole Lynn Sowards
Strayer University
BUS499 Business Administration Capstone
Dr. Joseph Keller
April 20, 2020
Week 3 Assignment 1
Ford is an American multinational automobile company founded by Henry Ford in 1903. Firstly, the paper will also discuss the impact of globalization and technology on the Ford company. Secondly, it will further shed light on the industrial organization model and the resource-based model to assess the returns of the corporation. The paper will finally discuss the vision and mission of the company, including the impact of stakeholders on the success of the company.Globalization
According to Grant, the key element in changing an industry's profitability is in the evolution of an industry's structure. Industries around the world have changed due to globalization and maturity. Both components have contributed to competition. The competition has increased as globalization has bought firms together by shrinking the space between them and providing them with the same market (Grant, 2008). The same is true for the Ford company. Globalization means using and being a part of the world economy and profiting from it.
Companies in the global economy need ways to supply and produce automobiles that don't only cater to the needs of international clients but develop something that caters to the needs of locals. To overcome the problem of attending to local needs, Ford, for example, has created a global scale network to assemble plants to get access to the greater supply-base. Ford's partnership with Mazda, for example, has made it easy for Ford to get Mazda's well-established supply base in Thailand. Given the hassle of building local supply and the pressure, companies go through to create local content; such partnerships help companies like Ford in globalization ( (Sturgeon & Florida, 2002).
But before adjusting to the world global economy, Ford has to struggle to be a part of the globalization. The reduced restrictions in trade in the emerging market after globalization has led to a wave of investment across the globe. Before the 1970s, the companies of automobiles were dominating the market in the U.S., which was called "Big Three." But after globalization permitted foreign vehicles to enter the market, the U.S. market for automobiles changed. For example, Japanese cars that were high-quality cars and introducing new modes of manufacturing changed the industry. Ford's competition was threatened by globalization and the other two companies' restrictions in trade in the emerging market after globalization has led to a wave of investment across the globe. Before the 1970s, the companies of automobiles were dominating the market in the U.S., which was called "Big Three." But after globalization permitted foreign vehicles to enter the market, the U.S. market for automobiles changed. For example, Japanese cars that were high-quality cars and introducing new modes of manufacturing changed the indust.
Type Discussion BoardResearch Design and AnalysisTue, 6.docxcandycemidgley
Type: Discussion Board
Research Design and Analysis
Tue, 6/12/17
Assignment Details
Assignment Description
Course Comprehensive Project
Collaboration in a business environment is a best practice that leverages the collective knowledge of the team assembled. Peer evaluation and support, provided in the spirit of continuous improvement and organizational success, result in higher quality deliverables than generally possible by the efforts of an individual. Please describe the process you plan to use to conduct research, identify findings, and develop the Comprehensive Project due in Unit 5 and present a preliminary outline indicating how you intend to organize the project deliverable.
Unit 5 project located below:
Comprehensive Analysis of Ford Motor Company
Name
American InterContinental University
Abstract
Since its beginning in 1903, the Ford Motor company has gone through some phases to enable it to reach its current market position. The Ford Motor Company possesses a good supply chain management status that enables it to receive raw materials and sell its products to the domestic and international market. Its possession of 90 plants and more than 213,000 employees in three major regions of the world makes it manufacture $5 million vehicles yearly, generating approximately $100 billion. The market is highly demanding and possesses dynamic changes that affect automobile companies such as Ford Motor. The market also comprises of some challenging factors such as fluctuating prices of oil and petroleum, competition, and political instability among others that affect the operations of Ford Motor Company. The SWOT Analysis of Ford Motor Company influences the company to adapt effective strategies that save it from falling in the market. Developing the right approaches in the company’s operations makes it easy for the company to beat the competition and remain relevant.
Comprehensive Analysis of Ford Motor Company
Introduction
The paper discusses the Ford Motor Company through an extensive and conclusive research. It uses the available public information about the company and its operations. It carries out an analysis of its products and services, and how it relates to the market. The paper discusses the relationship between Ford’s operations and the stakeholders found in its market (external and internal stakeholders). The stakeholders have a significant status in its operations as they affect the business operations launched by the company on them. Ford Motor Company is also affected by both its internal and external operational environment. The paper discusses the external and internal factors that affect its performance through SWOT (Strength, weakness, opportunities, and threats) Analysis.
The paper also has a key focuses on the corporate strategy provided by Ford Motor Company to survive in the market. Ford Motor Company has come through a period of financial challenges to reach where it ...
Profitable Growth for AllFord Motor Company 2012 Annual Repo.docxstilliegeorgiana
Profitable Growth for All
Ford Motor Company 2012 Annual Report
Ford Motor Company | 2012 Annual Report
On the Cover
The One Ford plan enables accelerated development of products
that customers truly want and value, resulting in a full-line of cars,
utilities and trucks that meet and exceed owner expectations
across global markets. The upper photo includes the stylish Ford
Focus hatchback, the sporty subcompact Fiesta ST and the
distinctive Escape utility vehicle. From left to right, lower photos
illustrate the innovative new Lincoln MKZ, the family-friendly Ford
B-MAX and the iconic F-150 pickup truck.
Revenues 2012 2011
Worldwide wholesale unit volumes by automotive segment (in thousands)
Ford North America 2,784 2,686
Ford South America 498 506
Ford Europe 1,353 1,602
Ford Asia Pacific Africa 1,033 901
Total 5,668 5,695
Revenues (in millions)
Automotive $ 126,567 $ 128,168
Financial Services 7,685 8,096
Total $ 134,252 $ 136,264
Financial Results
Income before income taxes (in millions)
Automotive $ 6,010 $ 6,250
Financial Services 1,710 2,431
Total $ 7,720 $ 8,681
Amounts Attributable to Ford Motor Company
Net income (in millions) $ 5,665 $ 20,213
Diluted net income per share of Common
and Class B Stock $ 1.42 $ 4.94
Cash and Spending
Automotive capital expenditures
Amount (in billions) $ 5.5 $ 4.3
As a percentage of Automotive sales 4.3% 3.3%
Automotive cash at year end (in billions)
Automotive gross cash (a) $ 24.3 $ 22.9
– Cash net of Automotive debt 10.0 9.8
Shareholder Value
Dividends paid per share $ 0.20 $ 0.00
Total shareholder returns % (b) 23% (36)%
Operating Highlights
Content
1 More Products People Want
2 A Message from the Executive Chairman
3 A Message from the President and CEO
7 Board of Directors and Executives
8 Shareholder Information
9 Financial Content
161 Global Overview
(a) Automotive gross cash includes cash and cash equivalents and net marketable securities.
(b) Source: Standard & Poor’s, a division of the McGraw Hill Companies, Inc.
Ford Motor Company | 2012 Annual Report 1
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More Products People Want
Ford designs, builds and sells cars, utilities and trucks of all sizes to meet the needs of a diverse global customer base.
From small cars such as the Ka and Fiesta to large trucks like the venerable F-150 and Super Duty, Ford Motor Company
vehicles cover the full spectrum of global automobile requirements.
Small
Sporting a refreshed look, the Fiesta boasts
the three-cylinder 1-liter EcoBoost engine
providing better power and fuel efficiency
than previous models. The Ka and Figo
round out a global lineup that offers
premium features in smaller packages.
Small
The EcoSport, a market leader in
South America, debuted globally.
This SUV is specifically designed
for the urban environment in South
America, India ...
I need a paragraph of information added in the appropriate place to .docxursabrooks36447
I need a paragraph of information added in the appropriate place to my paper with in-text citing along with citing the source. The source has to be from Securities Exchange Commission (SEC). The PAPER is located below.
Comprehensive Analysis of Ford Motor Company
Bigfella15
Institution
Abstract
Since its beginning in 1903, the Ford Motor company has gone through some phases to enable it to reach its current market position. The Ford Motor Company possesses a good supply chain management status that enables it to receive raw materials and sell its products to the domestic and international market. Its possession of 90 plants and more than 213,000 employees in three major regions of the world makes it manufacture $5 million vehicles yearly, generating approximately $100 billion. The market is highly demanding and possesses dynamic changes that affect automobile companies such as Ford Motor. The market also comprises of some challenging factors such as fluctuating prices of oil and petroleum, competition, and political instability among others that affect the operations of Ford Motor Company. The SWOT Analysis of Ford Motor Company influences the company to adapt effective strategies that save it from falling in the market. Developing the right approaches in the company’s operations makes it easy for the company to beat the competition and remain relevant.
Comprehensive Analysis of Ford Motor Company
Introduction
The paper discusses the Ford Motor Company through an extensive and conclusive research. It uses the available public information about the company and its operations. It carries out an analysis of its products and services, and how it relates to the market. The paper discusses the relationship between Ford’s operations and the stakeholders found in its market (external and internal stakeholders). The stakeholders have a significant status in its operations as they affect the business operations launched by the company on them. Ford Motor Company is also affected by both its internal and external operational environment. The paper discusses the external and internal factors that affect its performance through SWOT (Strength, weakness, opportunities, and threats) Analysis.
The paper also has a key focuses on the corporate strategy provided by Ford Motor Company to survive in the market. Ford Motor Company has come through a period of financial challenges to reach where it is today. The company has employed some strategies that have influenced continuous survival in the market about the competitors. The paper focuses on the corporate strategies that the managers employ to beat the competition and remain relevant in the market. The conclusion session develops a summary of the content of study and gives recommendations to create a clear understanding of the topic of study.
Background Information on Ford Motor Company
Henry Ford, a prolific engineer, born by immigrant farmers, established Ford Motor Company in .
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
2. Ford's regional model strategy was based on the belief that consumers in different
regions had different preferences.
But Mulally questioned why cars like the Focus were not built on the same platform and
did not share common parts.
In 2006, Ford CEO Alan Mulally took over the company and was surprised to find that
Ford produced different versions of cars like the Ford Focus for Europe and the
United States, leading to inefficiencies.
The global financial crisis in 2008-2009 forced Ford to reevaluate its practices and
control costs. Mulally introduced the "One Ford" strategy to create a few common car
platforms that could be used worldwide.
Summary of the case
3. Under the "One Ford" strategy, new models share common designs, platforms, and
parts, and are built in identical factories worldwide. Ford aims to reduce the number
of platforms from 15 in 2006 to just five, achieving significant cost savings.
This strategy is expected to reduce the cost of developing a new car by one-third and
significantly decrease the annual budget for component parts.
While enabling knowledge transfer between identical factories, resulting in cost
savings.
Ford hopes that the "One Ford" strategy will lower costs, improve profit margins in
developed markets. And allow the company to compete effectively in developing
markets like China, with the goal of increasing sales from $5.5 million in 2010 to $8
million by 2015.
Summary of the case
4. Aims:
Goal:
Ford plans to reduce the number of platforms from 15 to just 5 and achieve
significant cost savings by sharing design and tooling costs.
Ford aims to take about one-third of the $1-billion cost of developing a new car model
and significantly reduce its $50-billion annual budget for component parts.
Summary of the case
5. 2013
2010
2008- 2009
2006
Alan Mulally becomes CEO of Ford
and discovers that the company
produces different versions of
cars like the Ford Focus for
Europe and the United States.
Global financial crisis impacts
the automotive industry,
causing a significant drop in
sales.
Ford sets a sales growth target
from $5.5 million in 2010 to $8
million by 2015.
New models like the Fiesta,
Focus, and Escape start sharing
common designs, platforms, and
parts while being built in
identical factories around the
world.
Timeline of the case
6. “ Question 01
Why do you think that ford historically
made different cars in different region?
What are the advantages of ford’s historic
strategy? What are the drawbacks?
7. Regulatory Differences
Different regions often have
varying safety and environmental
regulations, which necessitated
modifications to vehicles to
comply with local laws
Regional Preference
Market Segmentation
Market Segmentation:
Automakers believed that
segmenting the market by
region and offering
specialized models for each
segment could potentially lead
to higher sales and market
share.
Legacy and Tradition
Over time, producing region-
specific cars became a deeply
ingrained tradition and part of
the corporate culture for some
automakers, including Ford.
Regional Autonomy
Many large multinational
corporations, including Ford,
operated with a high degree
of regional autonomy
Market Competition
Competition in the automotive
industry was fierce, and
automakers believed that
offering unique models for each
region could provide a
competitive edge.
A
E
S S
W
B
Reasons
Reasons for ford historically made different cars in different
region
consumers in different
parts of the world had
distinct tastes and
preferences
8. 01
Customization for
Regional Preferences
Ford believed that
tailoring its vehicle
offerings to the
specific preferences
and needs of
different regions
allowed them to
better meet customer
demands.
02
Local Autonomy
Ford's strategy
allowed its regional
divisions to have a
degree of autonomy,
which could be seen
as an advantage in
responding to local
market dynamics and
customer preferences
03
Market Segmentation
By offering different
vehicles in different
regions, Ford could
segment the market
more effectively,
potentially maximizing
sales and profits in
each region.
04
Brand Positioning
Differentiating
products by region
allowed Ford to
position its brands
differently in various
markets
05
Risk Mitigation
By producing region-
specific models, Ford
might have believed it
could reduce risks
associated with
market fluctuations
Business Plan Advantages of ford’s historic strategy
9. Drawbacks of ford’s historic strategy
Lack of Economies of Scale
Building different cars for different regions
resulted in missed opportunities for
economies of scale. Common parts, platforms,
and production facilities couldn't be shared
across regions, leading to higher production
costs.
Inefficiency
The regional approach led to inefficiencies in
product design, production, and procurement. It
also hindered knowledge transfer and best practice
sharing between regions, resulting in wasted
resources.
9
10. Global Market Challenges
Ford's fragmented approach made it less
competitive in emerging markets like China
and India, where cost-effective, globally
standardized models were in demand. This
hindered Ford's ability to compete
effectively in these rapidly growing
markets.
Complexity
Managing a wide array of region-specific
models added complexity to Ford's
operations. This complexity resulted in
higher development and production costs,
potentially eroding profit margins.
10
Disadvantages of ford’s historic strategy
11. “ Question 02:
What global developments forced Ford to re-
think its historic strategy?
12. Answer for Q2
First:
▪ The global development that forced
Ford to rethink its historic
strategy was the financial crisis of
2008-2009 that rocked the world’s
automobile industry.
Second:
▪ Ford needed to get its costs under
control, so it resulted in the “One
Ford” strategy created by Mark
Fields and implemented by Alan
Mulally.
12
01 02
13. Answer for Q2
Third:
▪ Ford had originally built different
model cars for Europe and the
United States;
Forth:
▪ In 2008-2009, there was a global financial
crisis that greatly affected the automobile
industry and led to the biggest drop in sales
Ford had experienced since the Great
Depression.
13
03 04
✓ because Europe was more focused
on driving smaller, more fuel-
efficient cars and the United
States enjoyed driving trucks and
SUVs.
✓ This caused them to leverage its global scale to
produce low-cost cars in order to compete in the
large, developing markets of China and India.
✓ This led to Ford creating the “One Ford” strategy,
which aims to create a handful of car platforms
that Ford can use anywhere globally
14. “ Question 03:
How will the 'One Ford’ strategy benefit Ford?
What does this strategy mean for Ford’s ability
to compete in established markets like the
United States and Europe, and emerging markets
like China?
15. Q4. How will the 'One Ford’ strategy benefit Ford?
Under the “One Ford” strategy, benefits include new car models that share a
common design, are built on a common vehicle platform, use the same parts,
and will be built in identical factories around the world.
✓ The “One Ford” strategy allows Ford to compete in established markets
by sharing costs of design and tooling, and it can attain much greater
economies of scale in the production of component parts.
16. Q4. How will the 'One Ford’ strategy benefit Ford?
When the global financial crisis hit in 2008-09 it rocked the automobile
industry and precipitated the steepest drop in sales since the great
depression.
✓ During this time there was a large developing market in China and India,
Ford would have to leverage their global scales to produce low cost cars
to compete effectively.
✓ The result of this was the “One Ford” strategy that aims to create a
handful of car platforms that ford can use everywhere in the world.
17. “ Question 03(B)
What does this strategy mean for Ford’s ability to
compete in established markets like the United
States and Europe, and emerging markets like
China?
18. 02
0303
0404
01
This slide is an editable slide
with all your needs.
Previously Ford was
unable to buy common
parts for the vehicles,
couldn’t share
development costs and
couldn’t use its European
focus plants to make cars
for the united states or
vice versa
Answer of Q3(B)
This strategy also benefits
ford as they can share the
costs of design and tooling and
they’ll be able to attain greater
scale of economies in the
production component parts.
Under this strategy ford hopes to share
a common design for models which are
built on a common platform, use the
same parts, and will be built in identical
factories around the world
With this strategy they
would reduce their
platforms from 15 to 5.
:
They will also significantly
reduce their current annual
budget for component parts.
19. Answer for Q3(B)…Continued
for Ford’s
ability to
compete in
established
markets
They will also significantly
reduce their current annual
budget for component parts.
Ford trails global rivals such as
Volkswagen and General motors
in this market interest
05
06 07
This strategy should significantly
reduce costs to enable them to
improve their profit margins in
developed markets and achieve
good margins at lower price points
in hypercompetitive developing
nations such as China, now the
world's largest car market.
21. Answer for Q4
21
A global strategy means building market dominance without sacrificing
what makes your brand unique.
There are four basic strategies:
22. Global standardization strategy
-A business model based on pursuing a low-cost strategy on
a global scale.
-This strategy makes sense when there are strong
pressures for cost reductions and demands for local
responsiveness are minimal .
A localization strategy
A localization strategy focuses on increasing
profitability by customizing the firm’s goods
or services so that they provide a good
match to tastes and preferences in
different national markets.
23. Transnational strategy
• A transnational strategy tries to simultaneously achieve low costs
through:
o location economies,
o economies of scale,
o and learning effects differentiate the product offering across
geographic markets to account for local differences foster a
multidirectional flow of skills between different subsidiaries in the
firm’s global network of operations .
An international strategy
• An international strategy involves taking products first produced for
the domestic market and then selling them internationally with only
minimal local customization .
• When there are low cost pressures and low pressures for local
responsiveness, an international strategy is appropriate
24. Ford’s global strategy
-Ford’s global strategy can be described as a global
localization strategy;
-A strategy focused on increasing profitability by
customizing a company’s goods or services.
- So that they provide a favourable match to tastes
and preferences in different national markets1.
-And where cost pressures are not too intense.
25. -Ford is pursuing a strategy of establishing
top-to-bottom design and production facilities
in each region so that it can better serve local
demands.
-Companies pursuing a localization strategy
still need to be efficient and, whenever
possible, capture scale economies from their
global reach.
26. “Are there any global company or
business follow this strategy or any
cases”
27. The fast-food giant McDonald's is a classic
example of a company that follows a global
standardization strategy.
While it adapts its menu to cater to local tastes
to some extent, it maintains a core set of menu
items and standards that are consistent
worldwide. This allows McDonald's to achieve
cost efficiencies and maintain a strong global
brand identity
McDonald's.
Apple is known for its standardized
approach to product design and user
experience. Whether you buy an iPhone in
the United States, Europe, or Asia, or in
Mymensingh Bangladesh the product's core
features and interface remain largely
consistent.
Apple
Yes , There are Several Companies follow this strategy : One Ford
Strategy – Global Standardization Strategy
Also There are Several Companies : Yamaha , Samsung
28. This slide is an editable
slide with all your needs.
Some Core point Need To be Highlighted
Emerging
Markets:
Economies
of Scale
Leadership &
Change
Management
Resistance to
Change .
Achieving economies of scale is a
critical factor in the success of the
"One Ford" strategy. It directly
impacts the cost efficiency and
competitive advantage that Ford
seeks to gain.
especially the role of CEO Alan
Mulally, and effective change
management are essential for
implementing and sustaining such a
significant strategic shift in a large,
multinational corporation.
The focus on emerging markets like
China and India is a key driver of the
strategy. Recognizing and capitalizing
on opportunities in these high-growth
regions is vital for Ford's growth and
profitability
the case hints at potential
resistance to change within the
organization due to a historical
emphasis on regional autonomy and
decision-making.
29. Thank you
If All of you Have any query Feel Free to ask any
Question regarding to this case