...Ford Motor Company- Pleasing or Unattractive One of the largest American global automakers, Ford Motor Company recently changed its slogan from “Drive One” to now “Go Further”. This new global slogan is replacing its old slogan because the company feels that this innovative slogan captures what the company’s culture always has been doing since it infancy with its founder Henry Ford. The new slogan “Go Further”, resonates how Ford Motor Company as individuals, as a team, and as a company has always gone further for its customers, it dealers, and its communities. But is Ford Motor Company echoing what its slogan is believed to exemplify? Ford Motor Company started in 1903 by Henry Ford, a young man with a passion for and commitment to machinery and engineering at a very young age. Henry Ford’s passion to create a vehicle that was affordable to the common man, started with his first vehicle the Quadricycle, a horseless carriage with a gas-powered engine and then came the first Ford Model A which was massed produced to be affordable to middle-class America. This company grew from its first automotive plant in Detroit, Michigan to plants all over the world. Being a global automaker in today’s modern world, it appears Ford has had its share ups and downs as a global corporate citizen just like its global market competitors. In the next few sections, an analysis of a few facets that aren’t observed quite enough of Ford Motor Company will be observed and perhaps should have some...
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...Henry Ford Biography Assignment Econ 220 – Entrepreneurship Instructor: Geoff Malleck Submitted By: Salvatore Curcio ID#20300001 Jenna Ortwein ID#20383970 Matthew Montgomery ID#20338248 Fatima Munir ID# 20239890 Kyle Georges ID# 20298815 “People can have the Model T in any colour--so long as it's black.” - Henry Ford “All Fords are exactly alike, but no two men are just alike. Every new life is a new thing under the sun; there has never been anything just like it before, never will be again. A young man ought to get that idea about himself; he should look for the single spark of individuality that makes him different from other folks, and develop that for all he is worth. Society and schools may try to iron it out of him; their tendency is to put it all in the same mold, but I say don't let that spark be lost; it is your only real claim to importance.” - Henry Ford What made Henry Ford… ------------------------------------------------- Questions & Answers Question: From a very young age, what characteristics and events were significant in foreshadowing Henry Ford was a truly innovative engineer with a love for machinery? Answer: When Ford received his first watch at the age of 13, unlike most adolescents, he took the watch apart to analyze the mechanical components of it. Ford was seen to all people as inherently curious, which was a key characteristic for engineering the fuel powered vehicle. Another significant event that peaked Ford’s interest...
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...Ford Management Nancy Mohren MGT/230 February 12, 2014 George Olson It is July 30, 1863 and the birth of one of the most famous people known is born into this world kicking and screaming. His name is Henry, and he resides in Dearborn, Michigan to a prosperous farming family. In 1879 at the age of 16, he leaves for the nearby town of Detroit because he dislikes school and farming. He worked as a machinist's apprentice where he learned valuable knowledge that allowed him to leave his first job, go back to his home roots in Dearborn, and began part-time work for Westinghouse® Engine Company. He also spent his time working in a small machine shop he put together on the land of his family. This is Henry Ford, and he married in 1888 to a woman named Clara Bryant, which required him to get a better paying job. He went to work as an engineer for a company called Edison Illuminating Company and became Chief Engineer in a short space of time. This promotion required him to be on call 24/7 and during his down time he began experimenting with internal combustion engines. While working for the Edison company, he created the Quadricyle the first "horseless carriage" that ran on gasoline and rode on four bicycle wheels (Scott Allen, 2014). Ford began his efforts to establish a sustainable manufacturing business while still employed by Edison Illuminating and succeeded in 1903. In this year, he convinced 11 men to invest along with his...
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...“I think; Therefore, I am” “Cogito Ergo Sum” Rene Descartes Why is Education Important to me? When I think of education, I reminisce on all of my failed attempts to obtain the goals until now Unreachable. Not long ago I thought could never get an Associate’s Degree or even smart enough for school and gave up. However, I took a long look at my life and decided to motivate myself to achieve what was unobtainable. Now that Iam in my forties, it is beginning to make a whole lot of sense realizing; determined to diligently strive to work harder; education is something very relevant in my life at this time. Education gave me a head-start on life as it paved the way for my success in getting a new start. Well, my’ first home in fact... After being told that I wouldn't have a bright future, inspired me to complete anything I could accelerate it. The advantages of education to me are vast and it’s amazing something I took for granted as a child. However, it’s a shame that today is free and we still don’t take the opportunities to use it or learn. I recently took a free class about nutrition an online course; just to test my knowledge and get an understanding of the class as a whole. Some of the courses are extremely hard to understand, but I took a chance to challenge my ability. The good side of all this was it was free if I failed the course, I would not have to repeat unless necessary! Moreover, worry about that grade...
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...INTRO Entrepreneurship is the “process of creating something different with value by devoting the necessary time and effort, assuming the accompanying financial and social risks, and receiving the resulting rewards or monetary and (/or) personal satisfaction” (Hisrich, 1990). This definition is sufficiently broad encompassing the many paths an entrepreneur may take, be it Schumpeterian profit maximisation or the social entrepreneurial desire to create social wealth (Zahra, 2009). The aim of this essay is to analyse some of the personal traits academics believe to be common to established entrepreneurs, in turn discussing how these strengths and weaknesses are applicable to myself. STRENGTH 1: “Innovativeness with the ability to combine resources effectively” Kirzner’s (2008) view of the entrepreneur is that they are “not creators, merely alert” to opportunities which arise around them. This somewhat contradicts the Schumpeter (ian) (1961) ideology that the entrepreneur is a “heroic… daring… captain of industry”. Forming a hybrid between these views, Casson (1982), states that the “entrepreneurs task (is) to discover and exploit opportunities… where products or services can be sold at a greater cost than their cost of production”. Combining the views of Kirzner and Casson describes the entrepreneur as someone who can spot a solution to a problem by using an existing product in a different application to that which it was originally designed. During my studies of engineering...
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...Henry Kissinger Adee L. Shekar Nova Southeastern University Henry Kissinger The year 1923 was not a fortunate time to be born in Eastern Europe into a middle-class Jewish family. Adolf Hitler was busy launching propaganda campaigns and Nazism was quickly on the rise. It was on May 27 when Heinz Alfred Kissinger was born in a small town in Bavaria, Germany. Although the country had been previously known for being more accepting of religious minority groups, the Bavarian Jew, like many other German Jews, were beginning to feel the ostracizing affects of Hitler’s campaign. By the time Heinz was ten years old, Adolf Hitler was in power. Two years later, the Nuremberg Laws were put into effect. In addition to denying the Jewish people citizen, the laws did not allow them to marry gentiles and they could not hold teaching jobs in state-run schools. This was a significant blow for the Kissinger family; Heinz’s father, Louis, was a respected schoolmaster in the city of Furth. Now out of a job and faced with an increasing number of hardships, the Kissinger family left their native country of Germany in 1938 and made their way to the United States. It was during this move that Heinz became known as Henry. The Kissinger family’s move to Manhattan, New York allowed Henry to thrive and flourish in a society that, although not totally free from prejudices, was based upon the ideas of equal opportunity and freedom...
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...down • Bankrupt due to WWI • Response via tariffs, limited unemployment insurance, devaluation of currency and abandonment of gold • 1940’s - PRESENT • Beveridge → nationalize industries services • Lagged behind other countries but major player in petro, auto, and pharmaceuticals USA • 1790’s – 1850’s • Agriculture and National Economy: • Cotton gin spurred slavery in West • Transportation: • Railway, canal, roads • Technology: • Textiles, vulcanizing rubber, wheat reaper, telegraph • Immigration: • Chinese, Irish, Germans (up) • 1860’s - 1940 • Transportation: • Railways increase • Technology: • Telephone, patents, Bell & Edison • Entrepreneurs: • JP Morgan, Carnegie, Rockefeller • Roaring 20s: • Exports increase • Ford and the car • Tariff law (Fordney’s) - 1929 depression: - unemployment increase - Roosevelt’s New Deal - collective bargaining - WWII: - spur economy and unemployment down Made money from lending • 1940’s - PRESENT • Post War: • Low unemployment • Exports boom • Gov. spend up • Gov’t economy share • Problems: • Deficit increase • National debt increase • Poor income distribution Japan • -1867 • Transportation: • Increase railways • Output: • Silk increase, exports...
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...FARUK SULEIMAN TP025329 WORD COUNT: 3694 WORDS UCMF1103MBAIT SCHOOL OF POSTGRADUATE TECHNOLOGY PARK MALAYSIA ASIA PACIFIC INSTITUTE OF INFORMATION TECHNOLOGY UNIVERSITY OF STAFFORDSHIRE SHARMILA A/P K. N. SETHUMADHAVAN EXECUTIVE SUMMARY Strategy is well explained as the effective use of well laid out plans to achieve success. It is no less of spectacle to attribute strategy to individual achievement, achievement from a company, a country or at the very least a non – financial institute to achieve strategic success. Ford Motor Company has in recent times lost its market share to emerging Asian companies such as Honda, Toyota, Hyundai and Nissan. As a new landscape of economic might surfaces, new car stereotypes are emerging. Finding a place in these segments is proving difficult for Ford Motors and hence need to change its strategies. Hyper-competition combined with tough economic times has pushed Ford to the edge of insolvency. This paper examines the issues that plague the company while using published models to make analysis on how and why the problems occur to better understand their potential impact on the company’s sustainable competitive advantage. Recommendations will seek to give strategic solutions to address the issues identified earlier. This research isn’t structured upon models to identify, analyze and solve issues but rather looks at the core of the problems within Ford Motors and provides models to analyze and solve the issues. ...
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...| Specials Focus on Geely's purchase of Volvo (chinadaily.com.cn) Updated: 2010-03-29 17:09 Comments(0) PrintMail | | Large Medium Small | | Editor's Note: Zhejiang Geely Holding Group, China's No 10 automaker, sealed a deal on March 28 to buy ailing Swedish luxury car brand Volvo from US giant Ford for $1.8 billion. The deal is China's biggest overseas auto purchase, said analysts. Ford has been trying to sell Volvo since late 2008 to focus its resources on managing its core Ford, Lincoln and Mercury brands. The sale deal is expected to free up cash for the No 2 US automaker. Geely, an independent automaker that has struggled to raise its profile in overseas markets, has long coveted a stronger foothold in Europe. [Full Story] Upside for Geely | Chairman of Zhejiang Geely Holding Group Li Shufu hugs Ford's Chief Financial Officer Lewis Booth after signing the agreement on Sunday. [Xinhua] | Geely to get technology, brand recognition The acquisition will offer Geely, a producer with lower-end image, access to a high-end brand and technology it needs to compete with much bigger rivals in China. [Full Story] Volvo deal to help Geely's going-global ambition At a time when the world auto industry was experiencing huge difficulties caused by the global downturn, Geely's aim, as it said on the company website -- "let Geely cars go to the whole world", seemed very ambition. [Full Story] Li consummates his love of Volvo Firstly, buying Volvo will give...
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...Ansoff The father of Strategic management Igor Ansoff (1918-July 14, 2002) was an applied mathematician and business manager. He is known as the father of Strategic management. He was a distinguished professor at United States International University (now Alliant International University) for 17 years, where several institutes continue his work in strategic management research. Igor was recognized worldwide as the Pioneer and Father of Strategic Management. He was the first management strategy guru to recognize the need for strategic planning for firms operating in the increasingly complex and turbulent environment. Chris Argyris Chris Argyris (born July 16, 1923) in Newark, New Jersey, USA, a Professor Emeritus at Harvard Business School, is more commonly known for seminal work in the area of Learning Organizations which was later developed in the best selling The Fifth Discipline by Peter M. Senge. The work of Chris Argyris has influenced our thinking about the relationship of people and organizations,...
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...SUCCESSES IN TECHNOLOGY Successes in Technology Leah Andersen Allied American University Author Note This paper was prepared for SOC250, Module 1 Homework Assignment taught by Instructor Jesse Kleis. Successes in Technology Technology has had a major impact on human successes over the past million years. Possibly the single most influential event in the public’s interest when it comes to science and technology, would be the Apollo II mission. The space field has had a major impact and also has provided us with the ability to learn new technology and advance in our latest technologies. Since the first man walked on the moon, science has advanced at a rapid pace; nuclear power, television, jet engines, satellites and computers proved that only the scope of our imaginations could possibility limit our progress. Ever since the first human walked on the moon, humans have looked beyond the moon to Earth’s neighbor planet, Mars. The Apollo mission showed us looking back at a fragile planet adrift in a void, making us second guess who we were and are in terms of species as well as our species’ place in a vast universe. Discovery of alien life, amounting to nothing more but only a string of protein or some nucleotides, most certainly changed our perspective on the role of life in the cosmos. The space technology has vastly changed our life and our way of living. The automobile is a major human success as well when it comes to technology. The early...
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...editor of Fortune Magazine and influential voice in business, made the famous comment: 'There is only one constant today and that is change' Tofler made that comment some decades ago, and today the rate of change is phenomenal. No longer can organisations, even in the public sector, sit back and be content with steady state. Every organisation is challenged by change, and competitiveness is determined by the organisation's ability to cope with change. How is your organisation challenged by change? Identify three areas of major change your business is faced with. So what are the drivers for change? We have mentioned some of the factors that call for change. Here are others - weak business performance, poor customer satisfaction, high rate of project failure, lack of innovation, rapid technology advances, new business...
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...A college degree does not mean success Contrary to popular belief a college degree is neither a guarantee nor a prerequisite to success. Success is a term that depends on the person defining it but very purpose of a college degree is to gain monetary success. There far too many incidences that have proven the statement wrong. Oprah Winfrey, Henry Ford and Bill Gates are not the only persons to achieve success without a degree. A quick search on the online search engine google.com would prove otherwise. Many that opt for college do not know of the myriad of careers that do not require a college degree. And with the current economy, even those with a college degree have a hard time finding a job. Dropping out of school is very often frowned upon. Terms like ‘slacker’ and ‘aimless’ are used to describe school dropouts. Even the term ‘dropout’ is derogatory. However, according to Forbes.com, the list of the richest people is filled with the very such dropouts. Bill Gates, Michael Dell and Larry Ellison found higher education to actually be keeping them from success. Bill gates scored an almost perfect score on his SAT but dropped out of Harvard University, Michael Dell dropped out of University of Texas at Austin and Larry Ellison dropped out of the University of Illinois. Surprisingly, the same article stated that 33% of the Forbes 400 members did not have a college degree. The popular magazine further mentions that “the average net worth of Forbes 400 members without...
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...Contents 1.0 Introduction 2 2.0 Ford Company Background 4 3.0 Toyota Company Background 5 4.0 Scientific Management 6 5.0 Scientific Management in Ford Motor Company 7 6.0 Contingency Theory 10 7.0 Contingency Theory in Toyota 12 8.0 How Scientific Management impacts Ford’s Workers 14 9.0 How Contingency Theory Impacts Toyota’s Workers 16 10.0 Definition of Organizational Culture and Structure 18 11.0 Ford Organizational Culture 19 12.0 Ford Organizational Structure 20 13.0 Toyota Organizational Culture 21 14.0 Toyota Organizational Structure 23 15.0 Motivational Theories 24 16.0 Maslow’s Hierarchy of Needs in Ford 25 17.0 Impacts of Hierarchy of Needs Theory 29 18.0 Goal-setting Theory in Toyota 30 19.0 Impacts Goal-setting Theory 32 20.0 Conclusion 33 21.0 References 34 1.0 Introduction One of the most important human activities is managing . Ever since people began forming groups to accomplish aims they could not achieve as individuals . Managing has been essential to ensure the coordination of individuals efforts . As society has come to rely increasingly on group effort as many organized groups have been grown larger , the task of managers have been rising in importance . The term management drives from latin word “Manu agere” which means to lead by hand . Lead by hand means , giving directions . It also implies that the leading person first goes where he or she wants to send the followers (Shied, 2010) . According to Drucker (1974) management...
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...Department of MIS, Dhaka University | WALT DISNEY DECIDES TO NAME HIS CARTOON CHARACTER MICKEY | Term Paper on a topic from 75 greatest decision ever made | Acknowledgement I would like to express my deep gratitude to Mr. Ashis Talukder, Assistant Professor, Department of MIS, Dhaka University for his patient guidance, teaching Decision Support System in fall, 2013 session. I would like to mention that under his supervision, I have gone through a number of interesting topics that made me curious to study on 75 greatest decision ever made. I have chosen a topic for this term paper where I have put some extra effort to know in details. I would also like to extend my thanks to the Mr. Ashis Talukder for helping us to explore greatest and worst business decision ever made Finally, I wish to thank my parents for their support and encouragement throughout my study. Table of Contents Introduction 4 The 75 Greatest Management Decision Ever Made 5 A Great Decision for Term Paper 8 Background of the Decision 8 How This Decision Benefited 9 The Greatest Lessons 10 Conclusion 10 Introduction “The essence of ultimate decision remains impenetrable to the observer—often indeed, to the decider himself. . . . There will always be the dark and tangled stretches in the decision-making process—mysterious even to those who may be most intimately involved,” said John F Kennedy. An air of mystery lies at the heart of decisions and decision making. An entire...
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