...the Research Problem The history of Ford Motor Company was invented on superior brand products, which to this day, still exist. Ford is an American automaker, and the 5th largest automaker, according to worldwide vehicle sales. Ford has an immaculate line of vehicles, ranging from cars and trucks, which are among the best selling vehicles in the world. Ford has one of the strongest product lines ever, and based on consistent and continued strong sales, their demand keeps coming, and the Ford brand continues to get stronger. How does Ford and similar companies get their brand out there? In January 2014, Ford made a large financial commitment on digital advertising; Ford is mandating dealers to place more advertising co-op toward digital advertising, such as paid search and banner ads (Barkholz, 2014). Ford has placed lots of focus on relationship building, and growing as an industry leader in the automotive world. Ford continues to place special emphasis on changing the behaviors, attitudes, culture, and ideology of the organization, to ensure Ford Motors has the best interest of the consumer at all times. Over the years, Ford has learned the importance of seeing the business from the perspective of the customer, which should result in improved services, and new businesses from new consumers (Collier, 1987). Ford Motor Company launched its online marketing plan involving use of digital platform to engage its customers in 2008. The company contracted online marketers such as...
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...PLAN – FORD MOTOR COMPANY……………………………………….4 Executive summary 4 Target market and positioning 5 Positioning strategy 5 Marketing strategies 6 Place 6 Promotion 7 Price 8 Product 9 Evaluation and control of ford motor company 10 Implementation and schedule 11 Conclusion and Recommendation ..12 Reference 13 MARKETING PLAN – FORD MOTOR COMPANY Executive summary The action of business of promoting and selling products and services is called marketing. It also entails market research and advertising. Other researchers define marketing as the communication that takes place between a seller and a buyer aimed at selling a product or service to the consumer. It involves passing information about the value of the product and encourages the consumer to buy it. Marketing is not all about advertising or selling goods or services as most people assume. It is a discipline that makes sure that those who produce services and goods can explain what the consumer likes and match each item or service with a consumer. The process of marketing is done by both small and big companies. This is because it helps in addressing critical market aspects. Marketing is the key to understanding competition in the marketplace. Ford Motor Company is an American Public Ltd company that works under the brand name of ‘Ford’. The company is a multinational corporation. It sells private cars and vehicles that are used commercially. The company was founded by Henry Ford in 1903. Among the companies that are...
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...General Motors and Ford Motor Company Contemporary Business General Motors Company and Ford Motor Company are both one of the largest automobile manufactures in the world. General Motors is among the leaders in the number of automobiles sold whereas Ford is among the leaders in global automobile revenue sales. A culture of a company is defined as the foundation in which the company will operate in order to make money. Culture includes the attitude, behavior, beliefs and values that the organization have and are expected to use in order have to reach their goals and be successful. Diversity and empowerment within the company has been the main focus of General Motors and Ford Motors but the cultures of General Motors and Ford Motors are very different. General Motors focus always has been concentrated on using US resources and doing the things that brought them success in the past. General Motors has held on to its US based workforces, suppliers and dealers. “General Motors focus is one of inclusiveness. The cultural trends to be all inclusive no matter whether it is by a person's race, color, religion, sex (including pregnancy), national origin, age (40 or older), disability. One of the main goals is the complete diversify itself to be able to understand and compete more globally. Yet, the global outreach has been little to none” (Corporate Culture & Performance, n.d.). In order to achieve these goals, General Motors has dedicated its company to follow the...
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...Introduction of Ford Company "We are a globally diverse family, with a proud heritage, that's passionately committed to providing outstanding products and services." The mission Statement of Ford reflects the success and the fame that the company has acquired after surviving strongly in the automotive industry all these years. True they are a globally diverse family, as they have their manufacturing units all over the world. The sales figure of the company holds strong even during the times of economic downfall, all mainly because of the high standards of strategic planning by the marketing team. Ford Motor Company was founded in 1902 and the legend is popular for its exceptional achievements. The most popular of the Car coming out of Ford Motors is the Mustang, to the large scale manufacturing of using moving assembly lines show us how Ford Motors has been setting standards in the fields of innovation and quality. For CEO Mr. Allan Mullaly in a statement given to the contact magazine said that one of his for priorities in the ONE Ford plan is "accelerate development of new products our customers want and value." This does not seem to be a surprise as now in the market lies in the customer's hands where he would want the best of the line of products and for the cheapest price. And in this era where the growth in globalization is sky rocketing it is the sole aim of car manufacturers to grab customers towards their business or they might end up closing their company. The...
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...As the second-largest automobile company in the world, Ford Motor Company represents a $164 billion multinational business empire (referenceforbusiness.com, 2014). Known primarily as a manufacturer of automobiles, Ford also operates Ford Credit, which generates more than $3 billion in income, and owns The Hertz Corporation, the largest automobile rental company in the world. Ford Motor Company (Ford) is a producer of automobiles. The Company together with its subsidiaries is engaged in other businesses, including financing vehicles. The Company operates in two segments: Automotive and Financial Services. Automotive includes Ford North America, Ford South America, Ford Europe, and Ford Asia Pacific Africa region. Financial services include Ford Motor Credit Company and Other Financial Service. The Company manufactures or distributes automobiles across six continents. Its automotive brands include Ford and Lincoln. Competitive Advantage PESTEL analysis framework has six sections: Political, Economic, Sociocultural, Technological, Environmental, and Legal Ford Motor Company has seen its fair share of industry dynamics since its early days. In most recent days the factors that play into each part of the "PESTEL" analysis are not much different from those of the past. However the emphasis that is placed on each one seems to be increasing exponentially. Political Factors: The political environment of the US today seems to be widening more and more with each election...
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...ntegrated Marketing Communication Plan for Ford Motors Executive summary An integrated marketing communication plan is a comprehensive plan to let customers know about a specific product. Today’s market is very competitive meaning that a producer must work hand in hand with the best marketers to ensure that products receive the best attention in the market and eventually increase sales. This paper will analyze the Ford Motor Company, one of the largest global manufacturers of motor vehicles. The company is facing an increasingly difficult market place with a well knowledgeable and choosy customer base. In this paper, the company targets sale of motor vehicle to college students and recent graduates. This target market has been chosen as it does not have campaigns directed at its specific needs by any other car manufacturer. The paper will detail both above-the-line and below-the-line communication networks in order to best capitalize this market. Background and target audiences Ford Motors is the second largest motor vehicle manufacturer in the US which is a very strong position considering that the US currently is currently the second largest vehicle market in the world (Dassbach, 1988). The major advantage is that the company is already established with worldwide acceptability among numerous customer segments (Ford Investor Relations 2013). Furthermore, the company has embraced some green concepts especially with the ECOnetic that focuses on the production...
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...Abstract Ford Motors used to be a prominent automobile company in the past. The company is on the verge of bankruptcy because of unexpected/unusual expenses incurred in the form of changes in investment and extinguishment of debt liabilities. The company should devise a policy that curtails the cost of sales, particularly, structural cost. Ford needs vast managerial and structural changes. The company needs to revise its price patterns, designs and make new and attractive products for the ultimate user, mainly, middle-class groups. Ford also needs expansion in Europe and Mexico. Keywords: Ford motors, cost analysis, microeconomics, demand, recommendation Introduction Purpose Microeconomics is that the branch of economic science that analyzes the behavior of individual shoppers and corporations to do and perceive the decision-making method of each business and households. Economics is concerned with the interaction between individual consumers and sellers also because the factors that influence the alternatives created by both consumers and retailers. Especially, economics focuses on patterns of providing and demand and, therefore, the determination of worth and output in individual markets. The aim of this paper is to clarify however economics influences the Ford Motor Company. History Henry Ford was born on June 30th, 1863. Ford saw his first car when he was 12 years old. Henry and his father were riding into Detroit during that time span. At...
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...assembled pickup truck introduced to America was based on a Ford Model T car. Although automobiles had been around for decades there was something unique about Henry Ford’s Model T vehicles. Other automobiles were considered as luxury vehicles because they were expensive to the average working American. In 1908 Henry Ford changed that by assembling affordable vehicles which caused Ford Motors to become popular in the mass market. Debuting in 1925 the Ford Model T Runabout sold for only $281 US dollars. Henry Ford built 34,000 models the first year which featured a cargo box, adjustable tailgate, four stake pockets and heavy duty rear springs. Which much popularity came other competitors like Louis Chevrolet who at the time was a Co-Founder to Chevrolet Motor Car Company and later merged with General Motors. Louis had a vision to become the leading brand for selling mainstream vehicles. Chevrolet’s goal for getting there was to overtake Henry Ford’s Model T. Louis competitive spirit led to decades of automobile manufactures competing to create the bestselling vehicles in the United States. In this paper you’ll discover the promotional strategies used by both companies to sell the 2014 Ford F-150 and 2014 Silverado 1500. Marketing recommendations will be made for Ford and Chevrolet to differentiate themselves in the marketplace in order to gain advantage over their competitors. You’ll find ways for both companies to assist with consumer oriented promotions and also take a...
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...assembled pickup truck introduced to America was based on a Ford Model T car. Although automobiles had been around for decades there was something unique about Henry Ford’s Model T vehicles. Other automobiles were considered as luxury vehicles because they were expensive to the average working American. In 1908 Henry Ford changed that by assembling affordable vehicles which caused Ford Motors to become popular in the mass market. Debuting in 1925 the Ford Model T Runabout sold for only $281 US dollars. Henry Ford built 34,000 models the first year which featured a cargo box, adjustable tailgate, four stake pockets and heavy duty rear springs. Which much popularity came other competitors like Louis Chevrolet who at the time was a Co-Founder to Chevrolet Motor Car Company and later merged with General Motors. Louis had a vision to become the leading brand for selling mainstream vehicles. Chevrolet’s goal for getting there was to overtake Henry Ford’s Model T. Louis competitive spirit led to decades of automobile manufactures competing to create the bestselling vehicles in the United States. In this paper you’ll discover the promotional strategies used by both companies to sell the 2014 Ford F-150 and 2014 Silverado 1500. Marketing recommendations will be made for Ford and Chevrolet to differentiate themselves in the marketplace in order to gain advantage over their competitors. You’ll find ways for both companies to assist with consumer oriented promotions and also take a...
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...Ford Value Chain: The graphic above illustrates the major stages of our value chain and identifies key impacts, stakeholders, and examples of value we create at each stage. The value chain assessment was revised and updated for the 2013/2014 report as part of the “materiality analysis” which prioritizes the most significant issues in Ford’s value chain. (Circled in red are the areas in which Ford sees as most significant in adding value) http://corporate.ford.com/microsites/sustainability-report-2013-14/blueprint-value.html (Ford value chain and its impacts) Each link in a value chain consists of a bundle of value activities, performed by a firm to “design, produce, market, deliver and support its product”. ‘Value activities are the discrete building blocks of competitive advantage’. The value chain of the Ford Motor Company is comparable to that of competing manufacturers in the automobile industry. Many years of increased arbitrary demands on suppliers has led to poor supplier relations and so the 100 year-old company is taking a new approach to reinvent its’ value chain. ------------------------------------------------- Porter, M., “Competitive Advantage: Creating and Sustaining Superior Performance”, Free Press, New York, and Collier Macmillan, London, 1985; 2nd edn, Free Press, London and New York, 19 References Automotive Industries. Norman Martin. April, 2005. December 2007. Ford Wages War on Waste. http://findarticles.com/p/articles/mi_m3012/is_6_179/ai_55055336 ...
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...years the Ford Motor Company sold cars in which it knew hundreds of people would needlessly burn to death.” Mark Dowie, Author of Pinto Madness (8) One of the biggest automotive news stories in the latter part of the 1970’s dealt with tales of exploding Ford Pintos and the considerable awards civil court juries were presenting to victims of accidents involving the cars. Ford produced the Pinto automobile from 1971 to 1980. Initially the car sold well, but a defect in the early models made Pintos prone to leaking fuel and catching on fire after relatively low-speed, rear-end collisions. The Pinto’s gas tank was located behind the rear axle. A rear-end collision of about 28 miles per hour or more would crush the car’s rear end, causing the tank to split and the filling pipe to break loose. It had been proven that spilled fuel and sparks from the crash caused fires that produced fatalities or serious burns. Was Ford aware of the potential problems in the framework of the Pinto? Was there an easy, inexpensive way to fix these problems? Was the Pinto fire controversy a lot of hype, or had Ford truly discounted human lives in order to save a few dollars? If Ford management really placed marketing considerations above safety, was that objective ethical and are members of management morally responsible for the preventable Pinto fire deaths? In the following paper, several sources will be used to enlighten the reader as to the controversy surrounding the Ford Pinto,...
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... Contents The Ford Motor Company. 4 Ford Marketing Stratgies and Tatics. 4 Ford @ Social Media. 5 CRM at Ford Motor Company. 6 Assesment on Ford’s CRM and eCRM Strategies 9 Recommendations 11 Bibliography 12 www.ford.com The Ford Motor Company. Ford Motor Company is well established multinational automaker with a legacy of over more than 100 years. The company sells automobiles and commercial vehicles under the Ford brand and luxury cars under the brand Lincoln. Ford is also distinguished as one of the “Big 3” North American automotive manufacturers and is an industry leader on a global scale. They are North America’s 2nd largest automotive manufacturer in the 5th largest automotive market in the world. It was founded by Henry Ford and incorporated on June 16, 1903. Henry Ford's first attempt at a car company under his own name was the Henry Ford Company on November 3, 1901, which became the Cadillac Motor Company on August 22, 1902, after Ford left with the rights to his name. The Ford Motor Company was launched in a converted factory in 1903 with $28,000 in cash from twelve investors, most notably John and Horace Dodge. Ford’s first international plant was built in Walkersville (now Windsor), Ontario, right across the Detroit River from Ford’s existing facilities. The company was a separate organization with its own set of shareholders. It was created to sell vehicles...
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...History of Ford Motor Co. Shaun Mains Alvernia University The Ford Motor Company is an American based automobile manufacturer that was founded in 1903 by the late Henry Ford. The company pioneered the early integrated moving assembly line, fought and beat early gasoline powered automobile patents, and even survived the Great Depression. Today, Ford is the fifth largest automobile manufacturer in the world, based on sales, and is the largest family controlled company in the world (History). Henry Ford, along with 11 other investors, founded Ford Motor Company on June 16th 1903 (History). In its early years the company produced the Model A, S, K and most notably, the Model T. The popularity of the Ford Model T from 1908 through 1913 is what fueled the development of the integrated moving assembly line. The assembly line simplified the manufacturing process and made mass production possible (Company). The chassis assembly line alone went from 12.5 hours to produce a chassis, down to 1.5 hours (Company). The Ford Model T was a huge success for the automobile manufacturer. The vehicle was priced significantly lower than the competition largely in part to Henry Ford’s insistence on building integrated manufacturing plants and the utilization of the integrated moving assembly line. The company’s main goal of the time was to build a vehicle for the everyday American, and the company priced their vehicles accordingly. This achievement allowed even the poorest of Americans...
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...Defining Marketing Definition of marketing is how companies/businesses achieve their customers and improve products. Marketing helps businesses grow and generate profit if done right. The development and strategies of marketing is done by knowing what the customer needs and interest are and using that information to help lure them in for business or to create better product. Marketing is about delivering and satisfying the desires of the customer and using that for advertising and bettering a business. The definitions of marketing from other sources are as follows. “Marketing is everywhere. Formally or informally, people and organizations engage in a vast number of activities that we could call marketing. Good marketing has become an increasingly vital ingredient for business success. And marketing profoundly affects our day-to-day lives. It is embedded in everything we do—from the clothes we wear, to the Web sites we click on, to the ads we see (Philip Kotler, 2009).” The second source and definition is by William Perreault. He believes marketing is more than just trying to sell a product. “In fact, the aim of marketing is to identify customers’ needs and meet those needs so well that the product almost 'sells itself.' This is true whether the product is a physical good, a service, or even an idea. If the whole marketing job has been done well, customers don’t need much persuading. They should be ready to buy. And after they buy, they’ll be satisfied and ready to buy the...
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...sociocultural, and political-legal factors. A major economic factor affecting the world and Ford Motor Company alike is the recession. * Due to the recession, society is looking for more affordable transportation in which Ford has adapted to by promoting lower priced vehicles. Society is also becoming more technologically advanced in which Ford has also adapted to by adding touch screens, navigation systems, as well as other add-ons. * Ford Motor Company is the world’s fifth largest automaker. The company declines and rises with the ever-changing economy. Through the recession, Ford suffered a multi-billion dollar loss, yet continues to grow with the growth of the economy. * The three biggest competitors of Ford are Chrysler, General Motors, and Toyota. Chrysler and General Motors suffered from major losses during the recession in which they had to receive government bailouts. Ford, however, did not have to receive a bailout. Competition remains steady. * Ford’s primary customers consist of Baby Boomers through Generation Y. Many of Ford’s customers are also made of the work force in which heavy-duty vehicles are needed. * Purchases are made based on price as well as size. Some customers are searching for compact cars while others are in need of pickup trucks. There are several Ford locations throughout the world making it easily obtainable for customers. Unlike Ferrari or Porsche, Ford makes it easy and convenient for customers to travel to. * Customers range...
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