601 Assign

Ford Motor Company

This is one of the companies that I have found to be very beneficial working with during my internship. Ford is among the most famous and more profit-making motor companies in the United States. Ford Motor Company is referred to as the king of all innovations and inventions in the automobile industry. They have been able to compete effectively in the global automobile market because of their old heritage and the impressive job that they are still doing. Ford Motor Company is situated in Turkey, Dearborn, Kansas City, Missouri, Mexico, and Venezuela. This company despite being a stable and a very competitive company, it also faces challenges on a daily basis (Savitz, 2013).

Communication is one of the things that builds a firm and stable organization that is able to withstand the competitive environment. Leaders should know how to carefully communicate with their employees so as to come up with a concrete solution and thus improve on productivity. As a leader, take time to listen to your employees’ opinion because their opinion really counts when it comes to decision making. After an assessment has been done on the performance of your employees, take time to go through the assessment with them and help them know their weak and strong points. Once you have known the strong point of your employees build up on them for the benefit of the whole organization. Give a chance to employees to express their mind to you concerning the development of the organization (Tarique et al., 2015).

The economic situation of the country in which Ford has set up their operation is very important for its performance as a company. This means that the growth in capacity of the available market will in the end be a contributing factor for the achievement of the targeted consumers by the company. Ford has tried to venture into some of the countries that are politically and economically stable such as Cuba which is rich in oil and has made it possible for the company to be established and compete effectively in the market. It is very difficult for Ford to invest in countries that will bring their company to a downfall. This is due to the fact that the environment of the company determines the success or failure of the company. It determines the span of survival of the company (Alkhafaji & Nelson, 2013).

Apart from investing in politically and economically stable countries, it is important to realize that the purchases done in the motor industry have a very great impact on the performance of the industry. The purchases may end up affecting the market quality where the company has established its branches.

The operation of Ford Company is continually being affected by the political laws set in different countries where they are investors. The continual establishment of new constitutions in most of the developing countries has made it difficult for the Ford Company to fully investing in them. This is because of the effect that it has on its operation. In some of the countries the government is able to go ahead and give more favors to the domestic companies compared to the foreign ones and alters with the operation of the foreign companies. When the government does this it usually aims at ensuring that the domestic companies are stable. When the domestic companies are stable, the government is able to benefit from it. When Ford invests in these countries it becomes negatively affected because most customers focus their attention to the domestic investors. This means there will be more losses compared to profits (Lester, 2015).

Another political challenge that Ford is bound to face is the labor laws. Labor laws in one country may favor the operation of Ford Company while in another country it might not. In the country where the labor laws don’t favor Ford, it affects its operations and activities. This completely affects the stability of the company.

The mode of investment of Ford Company in foreign countries is through Foreign Direct Investment which decreases the chances of unemployment; it improves the foreign exchange reserves; it makes it possible to transfer new technologies into respective countries and customers are able to access goods internationally. This mode of foreign investment has made it possible for example for Ford to invest in Pakistan (Shenkar et al., 2014).

The marketing strategy of Ford makes it possible for the company to maintain its stability. For instance; in any given country of investment Ford has tried to distribute outlets, in all the major cities, industrialized markets and all the markets that are well established. This makes it easy for the consumers to access the products easily and at the comfort of their own countries. They also use print media, online media and direct selling of products to market their goods (Campopiano et al., 2014)

Due to the stability and establishment of Ford Company, it has had a chance to develop an exit strategy that makes it possible for goods to be sold in foreign countries. Ford recognizes the importance of having shareholders. This is because Ford is no longer fully owned as a family property but rather as a public property and this makes it possible for the company to maintain its stability. Despite Ford being a very well-known and established company, I have enjoyed working there and being part of the staff. Most employees working in the company are determined and work toward improving their creativity skills to make sure that the company achieves its success. Dedication, sacrifice and hard work has always been the theme of the company employees.

References

Alkhafaji, A., & Nelson, R. A. (2013). Strategic management: formulation, implementation, and control in a dynamic environment. Routledge.

Campopiano, G., De Massis, A., & Cassia, L. (2014). Corporate social responsibility in family versus non-family enterprises: an exploratory study. In Social Entrepreneurship (pp. 113-154). Springer, Cham.

Lester, S. (2015). Reforming the International Investment Law System. Md. J. Int'l L., 30, 70.

Savitz, A. (2013). The triple bottom line: how today's best-run companies are achieving economic, social and environmental success-and how you can too. John Wiley & Sons.

Shenkar, O., Luo, Y., & Chi, T. (2014). International business. Routledge.

Tarique, I., Briscoe, D. R., & Schuler, R. S. (2015). International human resource management: Policies and practices for multinational enterprises. Routledge.