Ford Motor Company: Options for a Successful Future

The coming(prenominal) of hybridization Motor Company and its ability to remain at the efflorescence of the automotive industry requires the political party to focus on products, resources, designning, and implementation. Decisions must(prenominal) be made relative to product lines, sales. and re-directing the organizations resources for afterlife success. In methodicalness to do so, four survivals have been recognized and the participation must de boundaryine which options are trump suited to move the company in a positive direction. Discuss at least three criteria the company should use to decide which of the four listed options is best and the reasons why each bill should be used. crossroad Motor Company has the option to close take older plants in an effort to realign production and sales. The criteria identified in order to determine if this option is in crossways best interest include What will be the total court to the company to buy out employees, close plants and the political ramifications of this decision? What are future trends? What is the differential between production and sales? The second option for Ford Motor Company to determine is whether to let out only smaller cars, eliminating or sharply reducing the SUV and truck lines.In order to determine the severeness of this option, the company would need to evaluate the following Can give the sack sparing be realized in these particular vehicle lines without significant cost being passed on to the consumer? Will there be a keep commercialise for SUVs? How will reducing or eliminating truck lines come to general sales? Option number three requires reducing the North American posture and focusing more on international markets where Ford has been rattling successful. The determining criteria for this option includes What is the sustainability of the Ford gull in the international market?How will reducing or removing North American presence affect the overall brand? Can reduci ng North American presence act as a catapult and raise demand for Ford vehicles in that geographical location? The fourth option to be considered by Ford is the possibility of selling its luxury line the PAG sort out. The determining factors for choosing this option would include Performing a profit and loss analysis of the group to determine the losses sustained by the company relative to continuing to invest in this product line. Could redirecting investment from this product be intermit spent lsewhere? In light of the possibility that market conditions can and do change, discuss at least three examples of how the company should build-in flexibility to anchor up its decision-making process. The possibility of market fluctuation is imminent. Therefore, Ford must be certain to build in flexibility to sustain change. Using an options ground approach will allow flexibility by reserving resources much(prenominal) as time, people, money, or production capacity. (Williams, 2010). By maintaining flexibility, Ford will be get around equipped to adjust to changes and fluctuations in the market.Discuss how an trenchant fulfil plan can be created and how progress can be tracked. Creating an efficacious action plan involves setting both short term (proximal) and long term (distal) goals. Achieving short term goals is motivational to the employees who will assist in the achievement of the long term goal. Short term goals are more easy attainable than long term goals. However, long term goals are essential. other way to track the progress of an action plan is by providing obsess feedback regarding performance to workers and employees. This will allow Ford to make adjustments in order to achieve goals. Williams, 2010) List at least three steps that objurgate a workable plan and explain why each is important. ground goals is the first step in creating an action plan. Goals should be specific, attainable, realistic and seasonably (S. M. A. R. T. ). (Williams , 2010) Once goals have been set, a workable plan that develops commitments to the goals must be created. Enlisting the commitment of upper level management and employees is essential to achieving goals. An effective action plan indicates who, what and when for accomplishing goals. (Williams, 2010). The best options for Ford Motor Company would be to limit production of SUVs.Todays economy lends itself to more discharge efficient, eco-friendly vehicles. With gas prices soaring to new heights on a hebdomadal basis, maintaining a large SUV is apparently no longer cost effective for the average American family. The price charge up for this type of vehicle is overly a downside to ownership. However, the truck lines produced by Ford should remain intact. Fords truck line has become known as a reliable brand and people take stock in the Ford brand when it comes to company fleet vehicles, construction vehicles and even the agricultural and farming industries aver on the Ford truck b rand.Without question, Ford should sell the PAG group. With losses i n the billions and rising, resources from this product line could be redirected into better selling ventures such as the smaller vehicle product line discussed earlier. Ford does not have to rely on the PAG group for growth and profits. This venture is simply a dog that needs to be put down. The option to compress SUV production and sell the PAG group would be the options best suited to produce growth and stability in Ford Motor Company.These options allow Ford to focus on the traditional product lines of smaller and more economic vehicles and durable truck lines. Producing more cars than it can sell at this point in time would be detrimental to their future success. More inscription does not equate to more sales. The PAG is a loss that continues to be a thorn in Fords side. Eliminating this group would free billions of dollars for re-investment into fuel consciousness research for smaller vehicles while upgradi ng the truck lines. Implementing these options will impart to Fords longevity, profitability and growth.