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Management: Ford Motors - Essay Example

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Management: Ford Motors Name Institution Date Management: Ford Motors The current economic global situation continues to transform the very essence of how business is conducted. Companies must now recognize the different hurdles they have to face, and be able to poise themselves to confront any challenges and threats that may hinder them from achieving set goals and objectives…
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Management: Ford Motors
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"Management: Ford Motors"

Download file to see previous pages It has over the years appointed capable and qualified leaders who have allowed the company to rise from previous pitfalls and mistakes and poised for brighter economic future. These two are just some of the cornerstones that the company has maintained since its inception. Other notable strategies applied over the years include strengthening of the Ford brand and financial services that have remained synonymous with the company to date. These four attributes have aided the company to survive damaging financial downturns like the one experienced between 2007 and 2008. It is amongst the few large companies that did not receive a bailout. This is also compared to its close rivals such as the General Motors during the recent recession. These four attributes will be discussed in relation to Ford Company with greater emphasis being laid on their effect on the overall management of the company to date. Management can be defined as the act or manner in which a certain skill is applied to execute ability in handling, directing or controlling the events taking place within an organization. As such, the company has had an able team of managers that has seen it rise from its two brands in the 1910s to the fifth largest automaker in the world with different trademarks under its name. It has also ventured into other activities that have raised its profile amongst its peers (Brinkley, 2003). Whether in Europe or North America, Ford has steered its business to greater heights through solid management that has seen it withstand storms in its line of production and ensure its profitability all through (Studer, 2002). The management criterion has been quite helpful in ensuring the continued customer satisfaction, significant improvement in their customer relations and a great leap in their global market presence. The leadership team has done an excellent job in lifting Ford Company to its current glory. Leadership is a fundamental aspect in every organization and Ford is not an exception. Leadership has everything to do with aptitude, attitude, skills and the ability to inspire the behaviors of other people within the organization. It is also crucial to understand that leadership is a group activity that revolves around a common task and based on social influence. The current system of leadership attributed to the Ford Company is the democratic style of leadership. The key thing about leadership is that it must recognize the different means of achieving its goals through challenges that threaten to push the company to oblivion (Bender, Slade and Thorpe, 2009). The leadership cycle has seen many inventions and suggestions that have uplifted the company’s image and instituted as one of the most sought-after brands in the western world. Leaders have steered the company to high innovative standards, and areas such as human resources while strengthening the upper management and closing the gap (Brinkley, 2003). The democratic style of leadership has allowed majority of workers to feel in touch with the products they produce; hence creating a loyal workforce which is also committed to maintaining Ford’s market leadership position. These attributes allow the company a chance to use the dedicated workforce and the experience to come up with products that suit their ...Download file to see next pagesRead More
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