Business-Strayer

Apr 30th, 2015
Studypool Tutor
Strayer University
Course: business and management
Price: $10 USD

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Henry Ford, founder of the Ford Motor Company (FMC) in 1903, followed his passion for machinery and mechanics that allows his successors to follow his footprints in building the most wonderful machine as we call it today – automobile. According to a source on FMC’s corporate website, Henry Ford’s idea for his business was about mobility, transportation and lifestyle. Within the next century, FMC has been struggling with its competitors such as Toyota Motor Corporation, General Motors Company, and Chrysler Group LLC. In addition, according to the case study “Ford Motor Company,” the author indicates that FMC has been losing money and excessively producing vehicles.

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The Road to RecoveryLong NguyenStrayer UniversityApril, 2011Henry Ford, founder of the Ford Motor Company (FMC) in 1903, followed his passion for machinery and mechanics that allows his successors to follow his footprints in building the most wonderful machine as we call it today - automobile. According to a source on FMC's corporate website, Henry Ford's idea for his business was about mobility, transportation and lifestyle. Within the next century, FMC has been struggling with its competitors such as Toyota Motor Corporation, General Motors Company, and Chrysler Group LLC. In addition, according to the case study "Ford Motor Company," the author indicates that FMC has been losing money and excessively producing vehicles. 1. Describe four strategic options that help FMC increase its profitability, and list two criteria you would use to evaluate each option.The first option in the case study is to close down older plants in order to "realign" the company's production and sales. According to the FMC corporate website, the United States has 29 plants including assembly, stamping, engine, transmission, and casting/forging aluminum. Out of the 22 other countries in which FMC operates, not one of them has more than six plants. Moreover, human labor in the United States is much more expensive than other countries; centralizing most of the plants here will increase the cost and decrease the profitability. In addition, closing down older plants requires a cost to

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