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Sustainable Management Futures - Essay Example

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Its first operation was in London and consequently the company had become one of the most popular car manufacturers in the whole UK and all over the world. The prime focus of Ford is on automotive…
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Sustainable Management Futures
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Sustainable Management Futures

In the year 1908, Henry Ford developed Model T which was a revolutionary invention. It was a strong vehicle with a top speed of 45 MPH. It had surface regulator four cylinder engines and the vehicle could run 25 miles on one gallon gasoline. In the year 1914, Ford Motor had manufactured 308,162 vehicles that exceeded all vehicle manufacturers at that time. With the passage of time, Ford Motor faced strong competition from other competitors and accordingly stopped the production of Model T in the year 1927. Ford Motor had entered new generation in vehicle market and within 20th century, Ford Motor Company had successfully developed itself as an innovative car manufacturer and gradually made its presence in the world [2] (Ford Motor Company, 2011).
As of 2011, Ford Motor Company had almost 70 facilities all over the world served by approximately 166,000 employees. The company also offers various financial supports by means of Ford Credit Company [3] (Ford Motor Company, 2011).
Several political factors can manipulate the automotive industry by determining the rule of competition, changing the production costs and supply chain distribution. Political instability can change oil prices, foreign exchange rates and simultaneously influence the people to spend on vehicle. Globalisation had increased the trade flow between countries by liberating trade barriers which had helped Ford to expand their sales in foreign countries. Several governments of foreign countries had developed good technological collaboration and permitted foreign ownership which had helped Ford to increase their resources and develop latest model to manage with the current market condition (Ivory Research Ltd, 2011).
Economical factor can influence the automotive industry. The GDP growth rate can determine the purchasing power of any country which is the most crucial factor for operating any business. Ford Motor Company operates in major ... Read More
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Sustainable Management Futures
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