The Trex Company Marketing Plan 1) Executive Summary The following document provides an in depth look at the performance and strengths of the Trex Company and the products currently offered. The end user of the products offered‚ are looked at in depth to give a better understanding and direction for future marketing efforts. The marketing suggestions and directions provided will help the Trex Company to continue its status as a leader into the future. 2) Company Description Trex Company
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CONTINGENCY THEORY Contingency Theory is a class of behavioral theory that claims that there is no best way to organize a corporation‚ to lead a company‚ or to make decisions. Instead‚ the optimal course of action is contingent (dependent) upon the internal and external situation. The leading practitioners of which were Tom Burns‚ Joan Woodward‚ Paul Lawrence‚ Jay Lorsch‚ and Fred Fiedler‚ an otherwise theoretically eclectic group who were nevertheless united in their belief that no single organizational
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Jr.’s decision to diversify Ford Motor Company’s executive management staff with an auto industry outsider in order to support financial‚ operational‚ and innovation excellence. Alan Mulally’s Conflict Management Style Alan Mulally was hired in September of 2006 by Ford Motor Company to be their President and CEO at a time when the company was struggling for its very survival. Mulally’s challenge to reinvent Ford would be great as the company was rife with dysfunctional conflict
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Recommendations Monitor and Control Conclusion Executive Summary As Teri Takai‚ Director of Supply Chain Systems‚ the purpose of this report was to determine if implementing new technologies would be beneficial for Ford Motor Company and in the way it interacts The major findings indicate that there are several issues at Ford: The purchasing’s job responsibilities are extremely isolated and protected‚ there is a lack of communication between Ford and their enduser
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FORD MOTOR COMPANY Written Case Report F.B. EXECUTIVE SUMMARY As director of Supply Chain Systems‚ I have decided to implement the new supply chain strategy of Virtual Integration‚ and model its supply chain after companies like Dell. Although there are several key differences between the companies‚ Dell’s direct business approach can be applied to every facet of Ford’s operation. Special care will need to be taken to address the unique dependency of our custom “tier- one” suppliers. A modification
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Company’s overview Ford Motor Company (Ford) was established on July 9th‚ 1919. It is also engaged in other businesses including financing vehicles. The company primarly operates in 2 segments: automotive and financial services. First one includes Ford North/South America‚ Ford Europe and Ford Asia-Pacific region. Financial segment includes Ford Motor Credit Company and Ford Other Financial Services. The entire company operates on all six continents‚ and it’s automotive brands inlude both Lincoln
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MacPherson v. Buick Motor Company This case overviews MacPherson who bought a Buick who had a faulty wheel that collapsed‚ causing an accident that injured MacPherson. Buick had not manufactured the wheels but had contracted a manufacturer to make wheels for them. MacPhereson sued Buick for the accident. The lower and higher courts agreed that Buick was responsible for the defect. While it had not manufactured the wheels themselves‚ Buick was responsible for the final product that made it to
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Fiedler’s Contingency Model: Fred E. Fiedler was one of the first leadership researchers to acknowledge that effective leadership is dependent on the characteristics of the leader and the situation. The contingency model helps to explain why a manager may be an effective leader in one situation and ineffective in another. The contingency model also shows which managers are likely to be most effective in what situations. It is said by Fiedler‚ that personal characteristics can influence leader effectiveness
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Ford Motor Company SWOT Analysis Strengths • Timely acquisition of capital makes Ford more financially sound than the other Big Three carmakers. • Product line is respected by industry experts and is qualitatively seen to be a step above many of its competitors. Recent surveys place Ford in a tie with Toyota for greatest customer satisfaction‚ a significant improvement from five years ago. • Have a global market presence‚ with worldwide brand recognition and a particularly strong presence in
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recognized for a legal or constructive obligation arising from a past event‚ if there is a probable (more likely than not) outflow of resources and the amount can be estimated reliably (IAS 37.14). In contrast‚ according to FASB ASC 450-20-25-2‚ a contingency (provision) is recognized if it is probable (likely) that a liability has been incurred and the amount is reasonably estimated. Scenario 1 (1) Under IFRSs: According to IAS 37.22‚ the contamination of the land gives rise to a legal obligation for
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