Developing Individuals, Teams and Organizations Task 2
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This presentation provides an overview of Ford Company, including a PESTLE analysis and SWOT analysis. It also discusses the internal and external analysis of key findings to influence the decision-making process.
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DEVELOPING INDIVIDUALS, TEAMS AND ORGANIZATIONS TASK 2
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TABLE OF CONTENTS •PESTLE analysis with highlighting the positive and negative impacts. •Apply SWOT Analysis to Ford's current situation •Present internal and external analysis of key findings to influence the decision-making process. •Conclusion •References
OVERVIEW OF FORD COMPANY •This is one of the oldest automotive companies which were founded in the year 1909. •Its headquarters is at Brentwood, Essex. •It has three major manufacturing sites such as Halewood, Bridgendand Dagenham. •It has approximate 14000 employees in the United Kingdom.
PESTLE ANALYSIS PESTLE Model is an integrated framework which is based on the acronym of political, economic, socio-economic,technological, legalandenvironmentalfactors for understanding the business of Ford in both positive as well as negative manner.
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CONTINUE •Political Factor:Currently U.Kisgoingthrough turmoil of Brexit which is impactingFordandother car companies. •EconomicFactor:Ford usedtobeconsideredas one of the best investors as it used to give good profits butinrecenttimes,their sharesnosedivedto23% (Miller, 2018).
CONTINUE •Socio-economic Factor: This factor led Ford to focus towards electric cars as they are the next revolutionary concept in this automobile industry. •Technological Factor: This is an important component for this company. It continually explores the boundaries of innovation.
CONTINUE •Legal Factor: Ford can use this component by working on environmental and safety regulations to improve their business in the European and other marketplaces as well. •Environmental Factor: This has become the burning concern in today’s time and with Ford, they have grown by developing products that helped in environmental conservation by promoting sustainable growth.
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SWOT ANALYSIS STRENGTHS Ford has strong brand image which attract customers. It has loyal customer base. Ford is a global company so it has operations around the world. It focuses on innovation like electric car smart mobility. It spends lot of money on research and development. WEAKNESSES Ford has limited production facilities compared to its competitor. Ford cars are comparatively costlier than its competitors. Ford cars are late in innovation compare to their competitors. When company has to recall their car due to failure or safety reasons, it affects brand image. OPPORTUNITIES It has opportunity to grow and expand in developing countries. It can innovate new products to resolve environmental issues. It can cut their costs in production by improving supply chain management. THREATS Ford experiences threat from competitors like General motors, Toyota and more. Aggressive competition in marketing and innovation. Companies spending billion dollars in innovation and marketing Threats from technological companies like Google, Apple in making driverless cars. Oil prices in global markets affects the sale of automobiles There are lots of regulations for environment protection like EPA etc.
CONTINUE Interrelationships with external factors previously discussed •Both analysis provided information to investors about Ford’s current market scenario. •It supported them in predicting the stock price of Ford. •Additionally, SWOT analysis put emphasis on understanding the strengths and weaknesses to know about future prospects to combat the opportunities and threats (Rothaermel, 2015).
PRESENT INTERNAL AND EXTERNAL ANALYSIS OF KEY FINDINGS TO INFLUENCE THE DECISION- MAKING PROCESS •Ford has a strong brand image in the global market with a workforce of morethan2lacs.Italwaysputpressureoninnovationandlatest technologies to have competitive advantages. •Alongwiththis,thecitedenterpriseisfocusingondevelopmentof environmental friendly products to gain more customers’. •In 2017, they sold more than 6 million vehicles and this is one of the attractive parameters for investors to gain momentum by increasing profit generation.
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CONCLUSION •It has been summarized that business environment has an important part in developingorganization’s structure and overall expansion in the marketplaces. •In addition to this, the PESTLE and SWOT analysis paved a pathofassessmentthatassistthemanagementofFord Company or any other enterprise understanding their current position in the market. •It has been demonstrated through observations and statistics that Ford facilitated its employees with proper techniques and tools to enhance their technical skills with implementation of properstrategiesfortheirlaunchingormarketingor promotional campaigning. .
REFERENCES •CompanyOrganizationalStructureChartFordMotor,2017.[Online]. Availablethrough:<http://speculator.info/ford-motor-company- organizational-chart/company-organizational-structure-chart-ford-motor/>. •Miller, D., 2018. Ford's Stock Has Been Hammered in 2018. [Online]. Available through:< https://www.fool.com/investing/2018/08/23/fords-stock- has-been-hammered-in-2018-is-it-a-buy.aspx>. •SMITHSON, N., 2018. Ford Motor Company’s Organizational Structure Analysis.[Online].Availablethrough:<http://panmore.com/ford-motor- company-organizational-structure-analysis>. •Subrina, 2018. PESTLE Analysis with Mind Map Tools. [Online]. Available through:< http://www.mindmapsoft.com/pestle-analysis-mindmap/>. •Rothaermel, F.T., 2015. Strategic management. McGraw-Hill Education. •Thompson, J.D., 2017. Organizations in action: Social science bases of administrative theory. Routledge.