Fords Vision Statement Ford - 6350 Words

â€Å"Quality means doing it right when no one is looking.† -Henry Ford Ford was created in 1903 by Henry Ford in Detroit, MI. He quickly revolutionize the development of the automobile as a product and he also was the visionary behind the assembly line for mass production, and in turn made it possible for automobiles to become more affordable for the average household. Ford had a strong belief in his mission statement, which defines the kind of actions that are needed to fulfill organizational goal. However, Ford also had a vision statement that helped drive its global organization to reach its higher performance levels. Both areas assist in the overall foundation that Ford’s strong beliefs stand on. Both mission and vision statement are factors that solidify the success and strategic direction in the automotive industry. Ford’s vision statement, â€Å"people working together as a lean, global enterprise for automotive leadership† (Thompson, 2015) has three major points that surrounds the vision statement; which are global leadersh ip, emphasis on stakeholders, and lean business (Thompson, 2015). Each area is a specific point that Ford concentrates on in order to better the business. Global Leadership indicates that Ford wants to become a top player in the international market; Ford achieves Emphasis on Stakeholders through enhancing their HR policies and corporate social responsibility strategies for employees, customers, investors, and others; and Lean Business which they haveShow MoreRelatedCompany Overview Of Ford Motor Company1608 Words   |  7 PagesCompany Overview Ford Motor Company is a public corporation that began its operations in 1903. The company designs, develops, manufactures, and services cars and trucks across six continents. Furthermore, it divides its work between two main segments – an Automotive Segment and a Financial Services Segment. The Automotive Segment is in charge of marketing its products through worldwide retailers and distributors, as well as selling them to dealers or fleet customers. This sector also provides retailRead MoreCase Study : Ford Motor Company1743 Words   |  7 PagesCase Background and Problem Statement: Bill Ford, heir and President of Ford Motor Company (NYSE: F), faced a forecasted thirteen billion dollar loss in 2006. In order to save Ford, Bill Ford had to dramatically alter the direction of his organization [1]. After several unsuccessful attempts at attracting top executives away from his competitors, Bill Ford decided to pursue a route that Ford Motor Company hadn’t in over 60 years by not only hiring a top executive from outside its’ ranks but alsoRead MoreFord Motor Company The Song Comes1637 Words   |  7 PagesWhen I think of Ford Motor Company the song comes in my mind, Mustang Sally, think you better slow your mustang down, you been running all over the town now, I guess I have to put your flat feet on the ground, all you want to do is ride around Sally, ride, Sally, ride. A good looking man is driven a red convertible mustang with a woman riding on the passenger side with a white scarf on her head as well as the lady is wearing a red satin top along wi th having on plan make-up with candy apple red lipstickRead MoreCase Study : Ford Motor Company1340 Words   |  6 PagesHenry Ford opened his first factory, Ford Motor Company has been changing the automotive industry all across the world. 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The outrage over the obvious safety flaws of the Ford Pinto caused leaders to call upon their values, mission statement, and ethicsRead MoreFord vs Chevy Essay1306 Words   |  6 Pagesï » ¿Ford vs Chevrolet Ford and Chevrolet (Chevy) are in the automotive industry and have been in completion for many years start back in 1908, both companies started in the state of Michigan and have been battling it out for profits, market share and hometown bragging rights. Ford was founded in the suburb of Dearborn, Michigan and Chevy was founded in Flint, Michigan. Ford and Chevy both are good-producing sectors, they both manufacture automobiles that are similar but different. They each haveRead MoreVision And Mission Statement : Ford s Vision Statement Essay1732 Words   |  7 PagesA. Vision and Mission Statements Ford’s vision statement is â€Å"We want to change how the world moves. Again.† This statement implies not only physical mobility, but also movement in human progress. When Alan Mullaly became new president and CEO in late 2006, Ford changed its strategy and that is reflected in their mission statement: â€Å"One Team. One Plan. One Goal. One Ford.† Each section of mission statement is further explained as follow: â€Å"One Team: People working together as a lean, global enterpriseRead MoreThe World s Leading Consumer Company For Automotive Products And Services915 Words   |  4 PagesBACKGROUND Vision Statement â€Å"To become the world s leading Consumer Company for automotive products and services. (Homepage, 2015)† Mission Statement â€Å"One Team. People working together as a lean, global enterprise for automotive leadership, as measured by: †¢ Customer, Employee, Dealer, Investor, Supplier, Union/Council, and Community Satisfaction One Plan. †¢ Aggressively restructure to operate profitably at the current demand and changing model mix; †¢ Accelerate development of new productsRead MoreEffective Leadership Strategies : Ford Motor Company1363 Words   |  6 Pagesof manufacturing some of the world’s most iconic automobiles, Ford Motor Company faced a financial crisis of nearly $13 billion in annual loss. The company at the time, led by President William C. Ford Jr., was on the brink of financial ruin and bankruptcy. Something had to be done to save the company, something had to change to bring Ford Motor Company back into the black. With bankruptcy and government intervention looming, William Ford Jr., hedged his bets on an aeronautical engineer to lead hisRead MoreStudy Case Ford677 Words   |  3 PagesFord Motor Company-2007 Step 1 Identify the firm’s exiting vision, mission, objective and strategies (Executive summary). Vision: To become the world’s leading Consumer Company for automotive products and services. Mission: We are a global family with a proud heritage passionately committed to providing personal mobility for people around the world. We anticipate consumer need and deliver outstanding products and services that improve people’s lives. Strategies: Aggressively restructure