Business Ethics Ford Motor Company In the simplest form of utilitarianism‚ promoting the greatest pleasure for the greatest number of people; is a popular ethical business practice. Sometimes this utilitarian theory is considered a controversial theory of morality especially when linked to the cost-benefit analysis versus the risk-benefit analysis‚ ultimately eliminating the human quality of making business decisions. Ford Motor Company‚ Ford Pinto Case‚ is one of the most debatable utilitarian
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FORD CASE STUDY 1. Using competing values‚ assess why Ford is widely considered more effective than GM. How could GM have used the competing-values approach in the early 1980s to recognize that it had problems? • In case of Ford motors they were earlier implementing the Rational Goal Model that lays immense emphasis of higher level of productivity‚ efficiency and profit. The decision-making is centralized to the higher-level authority with very less or no participation from the lower level
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The Ford Pinto Case In the late 1960’s Ford Motor Company wanted to produce a small model car to compete with small Japanese and German imports like Volkswagen‚ Datsun and Toyota (Danley). In 1969 Ford’s Board approved the plan to produce the Pinto. The CEO‚ Lee Iacocca‚ wanted a car that was low weight‚ under 2‚000 pounds‚ and low cost‚ under $2‚000. Lee “Iaccoca imposed the 2000/2000 rule‚ i.e.‚ the Pinto could weigh no more than 2000 pounds and cost no more than $2000” (Danley). The engineers
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The Ford Edsel Failure The Ford Edsel was a $400 million investment from the Ford Motor Company in the 1950’s intended to be an “entirely new and original kind of car” that could compete with General Motors (AskMen.com). This was a great intention from the company and their development was on the right track‚ but they made some crucial mistakes that made the Ford Edsel “one of the worst cars of all time” (content.time.com). According to the article‚ Top 10: Failed Product Launches‚ the Ford Edsel
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group 2 – Repositioning of FORD Group 2 presented on the repositioning of the FORD motors in Thailand‚ the difficulty it faced during the 90’s and the secrecy of success it enjoys in the Thai vehicle market currently. Ford Company started in Thailand in 1960 but then it closed down 1976. The reasons that lead to the cease of operations were felt that it was a mere Thai product which is very inferior quality to the American products though both bear the same name FORD. Even the old advertisement
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Ford Motor Company and Toyota Case Work Ch. 3 Step 1. Structure the audit problem: In the first step‚ we consider the relevant parties involved; identify the alternatives‚ risks and uncertainties; how to evaluate them and how to structure the problem. The parties are the Ford Motor Company‚ PricewaterhouseCoopers LLP and lastly the Audit Committee. The problem that may arise is that Ford Motor company has PricewaterhouseCoopers audit and prepare essentially all of the company’s financials for
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Ford Motor Company has had its share of success and failures over the years. In order for the company to remain competitive and relevant in today’s economy‚ Ford should actively anticipate threats and have a strategy in place that allows them to minimize impacts while capitalizing on external opportunities. Ford Motor Company is one of three major domestic automobile manufactures. They also own Volvo‚ Aston Martin‚ Land Rover‚ Jaguar‚ and Mazda. Some of the external threats that face Ford Motor
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Case (The Ford Pinto) There was strong competition for Ford in the American small-car market from Volkswagen and several Japanese companies in the 1960’s. To fight the competition‚ Ford rushed its newest car the Pinto into production in much less time than is usually required to develop a car. The regular time to produce an automobile is 43 months but Ford took 25 months only (Satchi‚ L.‚ 2005). Although Ford had access to a new design which would decrease the possibility of the Ford Pinto from
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contents 1.0 Introduction 3 2.0 Strategic Issues of Ford 4 3.0 The External Environment 5 3.1 PESTEL Analysis 5 3.1.1 Political Environment 5 3.1.2 Economic Environment 6 3.1.3 Social Environment 7 3.1.4 Technological Environment 7 3.1.5 Natural environment 8 3.1.6 Legal Environment 8 3.2 The Industry Porters’ Five Model 9 3.2.1 Buyer’s Power - Moderate 9 3.2.2 Suppliers’ Power - Low 10 3.2.3 Threat of New Entrants - Low 11 3.2.4 Threat of Substitutes – Slightly Moderate
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Executive Summary Ford is one of the leading companies in the auto industry. The director of Supply Chain Systems at Ford was put in a tough position to make recommendations with regards to the company’s supply chain strategy. There are two groups within Ford that have two different opinions on how Ford should be using emerging information technologies and ideas from high tech industries‚ such as Dell‚ to change the way it interacts with suppliers. The first group argued that Ford should adopt Dell’s
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