Tuesday, December 31, 2019

Corporate Strategy Ford Motor Company Essay - 2010 Words

Corporate Strategy Corporate strategy is primarily about the choice of direction for a firm as a whole and the management of its business or product portfolio. There are three active strategies that can affect the overall direction of the company. The company can either expand their current activities, make no change, or reduce its current activities (Wheelen, Hunger, Hoffman, Bamford, 2015). Since the company was first founded in 1909, Ford Motor Company has participated in all three strategies to varying degrees of success or failure. The first strategy, expand its current activities, was the groundwork which sets up the success of the company from the very beginning. Generally, if a company wants to increase their current activities, it has two ways of accomplishing its goals. The company can grow by increasing its inputs without the aid of any innovation and technological process or by innovating new processes that increase its output without any additional inputs (Mihola, Wawrosz, Kotsovcovà ¡, 2015). In the case of Ford Motor Company, it chose to expand by innovation, particularly through the use of the assembly line. However, that is not the only time that Ford Motor Company has expanded by innovation. Ford Motor Company has traditionally operated in three markets, America, Europe, and Asia. So, after looking at its closest competitors Ford Motor Company decided that in order to expand its operations, it would have to include other markets as well as its currentShow MoreRelatedCorporate Strategies And Impl ementation Of Ford Motor Company Essay1545 Words   |  7 PagesCorporate Strategies and Implementation Profitability is a crucial element in determining the financial health of the Ford Motor Company. 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