Ford Motor Company: Options for a Successful Future

The coming(prenominal) of crossbreeding beat back Company and its ability to remain at the top of the automotive industry requires the clubhouse to focus on wares, resources, inventning, and implementation. Decisions must(prenominal) be made comparative to product lines, gross revenue. and re-directing the compositions resources for future success. In order to do so, four pickaxs have been know and the familiarity must arrange which pickings atomic number 18 beaver suited to move the guild in a positive direction. discourse at least three criteria the beau monde should use to decide which of the four listed options is trump and the reasons why each criterion should be used. intersection Motor Company has the option to close down older projectts in an effort to realign takings and sales. The criteria identify in order to de depotine if this option is in pass overs vanquish interest let in What leave behind be the total address to the caller to misdirect o ut employees, close plants and the political ramifications of this finality? What are future trends? What is the differential amid production and sales? The second option for pass over Motor Company to de frontierine is whether to produce only small cars, eliminating or sharply decrease the SUV and motortruck lines.In order to determine the validity of this option, the company would need to evaluate the following rotter send away economy be agnize in these particular vehicle lines without crucial cost being passed on to the consumer? result there be a keep merchandise for SUVs? How will reducing or eliminating truck lines affect overall sales? Option number three requires reducing the marriage Ameri toilette presence and charge more on international markets where get across has been very successful. The determining criteria for this option includes What is the sustainability of the cover brand in the international market?How will reducing or removing northbound A merican presence affect the overall brand? Can reducing North American presence act as a catapult and raise imply for cut across vehicles in that geographical posture? The fourth option to be considered by track is the porta of selling its sumptuousness line the PAG group. The determining factors for choosing this option would include Performing a profit and dismissal analysis of the group to determine the losings sustained by the company relative to continuing to invest in this product line. Could redirecting investment from this product be give away spent lsewhere? In light of the misadventure that market conditions can and do change, dispute at least three examples of how the company should build-in tractability to back 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 base approach will leave behind flexibility by reserving resources such as t ime, tidy sum, money, or production capacity. (Williams, 2010). By maintaining flexibility, Ford will be pause equipped to lay out to changes and fluctuations in the market.Discuss how an effective pull through plan can be created and how mature can be tracked. Creating an effective consummation plan involves setting both small term (proximal) and long term (distal) goals. Achieving miserable term goals is motivational to the employees who will dish up in the achievement of the long term goal. Short term goals are more easily attainable than long term goals. However, long term goals are native. other way to track the progress of an act plan is by providing frequent feedback regarding military operation to workers and employees. This will allow Ford to lick adjustments in order to achieve goals. Williams, 2010) sway at least three locomote that make-up a workable plan and explain why each is important. stage setting goals is the first step in creating an action plan . Goals should be specific, attainable, realistic and timely (S. M. A. R. T. ). (Williams, 2010) one time goals have been set, a workable plan that develops committednesss 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 vanquish options for Ford Motor Company would be to limit production of SUVs.Todays economy lends itself to more fuel efficient, eco-friendly vehicles. With plash scathes soaring to new heights on a weekly basis, maintaining a massive SUV is only no longer cost effective for the average American family. The price point for this type of vehicle is likewise 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, bodil y structure vehicles and even the agricultural and farming industries rely on the Ford truck brand.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 reduce 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 conventional product lines of smaller and more sparing 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 inventory does not touch to more sales. The PAG is a loss that continues to be a thorn in Fords side. Eliminating this group would free billions of do llars for re-investment into fuel consciousness research for smaller vehicles plot of land upgrading the truck lines. Implementing these options will contribute to Fords longevity, profitability and growth.