Unit 43 Business Strategy

Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 20

Cover Page

Name: Assessor
name:

Issue date: Submission Submitted


date: on:

Programme: Pearson BTEC Level 5 Higher National Diploma in Business

Unit: Unit 43: Business Strategy

Student declaration

I thus attest that the submitted project is all my work. The ramifications of plagiarism are
not lost on me. I am aware that it constitutes malpractice to make an intentionally
misleading statement.

Student signature: Date:

Business Strategy
Ford Motors

Table of Contents
Introduction...................................................................................................................... 4
Part 1-LO1........................................................................................................................4
Analysis of Stakeholders..................................................................................................4
PESTLE........................................................................................................................... 5
SWOT.............................................................................................................................. 6
BCG Matrix.......................................................................................................................7
Strategic Positioning..................................................................................................... 7
M1- Critically Analyzing the Macro Environment to control and notify strategic
management results.........................................................................................................8
LO2.................................................................................................................................. 8
P2- Conducting an Internal Environment and Competences Valuation of a given
organization using suitable contexts................................................................................8
VRIO or VRIN Model........................................................................................................9
McKinsey’s 7s Model....................................................................................................... 9
Resource Based View....................................................................................................10
M2-Interpreting Evidence and data to measure strength and weaknesses of an
organization’s internal competences, erection and skill set...........................................11
LO3-P3- Determining suitable management tackles to analyses a given marketplace
sector for an organization and notify strategy................................................................11
Ansoff’s Matrix................................................................................................................13
M3- Justifying the use of a suitable strategic management instrument for a given market
segment, to notify strategy and planned objectives.......................................................13
Part 2-LO4......................................................................................................................14
Strategic Aims................................................................................................................ 14
P5- Applying a range of models, ideas or theories to understand and devise strategic
preparation for a given group.........................................................................................14
P6- Scheming a strategic administration plan, applying suitable strategies to recover
competitive advantage................................................................................................... 16
M4- Creating a strategic Management Design that has concrete and planned strategic
significances and Objects.............................................................................................. 17
Conclusion..................................................................................................................... 17
References.....................................................................................................................19
Introduction
This demonstrates the fact that a large number of companies, such as Ford Motors,
are greatly influenced by the characteristics of the macroenvironment. Taking
advantage of the macroenvironment will simplify handling a wide array of problems and
approaches. With the assistance of efficient management, plans may be developed
employing a variety of distinct frameworks in a variety of different ways. The Ford Motor
Company is now implementing a plan that has the potential to improve its overall
profitability due to its commercial endeavors. The project continues to be on track,
although these structures may appear threatening.

Part 1-LO1

Analysis of Stakeholders
A person with a personal interest in how a company or organization handles its
operations is referred to as a stakeholder in that context. As a consequence of the
various parties associated with the organization, consumers will have more
opportunities to participate in a diverse array of activities than they previously did. A
sizable shareholder group at Ford Motor Company is uninterested in the company's
operations. Within their respective domains, the government and any local
establishments are responsible for certifying the law is followed. As a result of this, Ford
Motor Company may incur significant losses (Satyanarayana and Bhaskar, 2021).
However, this may only sometimes be the situation, especially as it relates to the
authority and impact positions that some stakeholders inside the organization possess.
In this regard, the phrase "not always the case" is more accurate. Consumers, rivals,
and law enforcement can contact these proper authorities and interest groups. This
includes the right to ask questions and voice concerns. Those who have previously
made a purchase have more influence and are more inclined to make further purchases
than those still debating whether to buy. They have to build some form of impact on
these clients to enhance their business's likelihood of success. While they have less
said in the operation of the business, the company's workers and vendors have a more
significant personal investment in its success. These individuals and suppliers are
qualified but will not be granted any authority over the matter (Satyanarayana and
Bhaskar, 2021). Ford Motor Company will assess the success level based on the
findings of its stakeholder study.
PESTLE

Businesses in the UK are in an excellent position for development since the political
atmosphere is reliable throughout the nation. Ford strengthens its capacity to achieve
the positive influence of political parties on the automaker. Nonetheless, Ford Motor
Company may have several challenges due to Brexit, including the opportunity of
indefensible increases in industrial costs, produce price, and other associated
expenses. Brexit may impact several of these organizations despite receiving funding
from the UK government (SAXENA, 2022).

Low total capital prices and consistent attention rate levels, the economic temperature
in the UK is continually improving. The economy is expected to remain stable, providing
a favorable environment for companies to grow over time. Customers of Ford Motors
may now choose from an expanded selection of high-quality retailers. The Gross
domestic product of the UK is also on the upswing, which is revealing of the robust
health of the British budget. Because of this, many people are considering financial
funds in the United Kingdom. Concerns have been raised regarding the rising cost of
essentials like sustenance and energy (Máté and Péter, 2022).
Social
Consumers' reactions, happiness levels among customers, and other societal elements
might all be considered. If Ford implements any of these changes, the company's
culture may shift, leading to higher employee morale and closer bonds among
employees. Customers are satisfied with Ford Motors' service, and the company is
reaping the benefits of increased productivity facilitated by these innovations. As a
result, interest in Ford Motor Company merchandise among consumers has increased
(Morritt, 2022).
Technology
Technology contributed to Ford Motor Company's prosperity, fueled by other reasons.
The consequences of speedy technical progress are preliminary to be seen in the UK
business communal. The use of modern expertise might boost the efficiency and
efficacy of the operation in this case. Ford Motors is well-known in the car business for
being an early adopter of cutting-edge technologies. For some reason, Ford Motors
can't keep up with all of the current technological developments, which is a problem (de
Sousa and Castañeda-Ayarza, 2022).
Legal
The ability to keep tabs on a company's activities requires a specific set of laws to be in
place. So, Ford Motor Company will majorly affect the legal outcomes and conditions.
Ford Motor Company is informing its SOPs to growth employee production and conform
to the Indenture and Product Value Act. This would allow them to meet their legal
errands. The health of the economy as a whole would affect Ford Motor Company's
existing profit margins. There are a lot of environmental laws that Ford Motors must
follow. This has an impact on their ability to do business (de Sousa and Castañeda-
Ayarza, 2022).
Environment
Building an environmentally friendly infrastructure and passing environmentally friendly
laws should be at the top of the list for the United Kingdom. Government and non-
government organizations have dedicated to employed with Ford Motors to maintain the
environment's health. Ford's generous contribution reflects the company's dedication to
environmental protection. Ford Motor Company's obligation to ecological stewardship
has assisted the business expand its facility. How successful Ford Motors becomes in
this market is right related to the state of the economy (Kar et al., 2023).

SWOT
Strength
One of the many compensations that Ford Motors can supply is the high excellence of
its goods, but this is far from the only one. Every item manufactured by Ford Motors
meets an extremely high level and is fashioned by highly skilled specialists. Since the
workforce at Ford Automobiles is included of persons who enjoy a significant amount of
skill, the company can conduct its day-to-day processes in a successful and efficient
way. The fact that Ford Motor Company has more than 50 applications pending in its
name is evidence of the large manufacturing and operational competence that the
company has. The Ford Motor business will have to demonstrate the entire breadth and
depth of its performance capabilities using this strategy (Kreutzer, 2023).
Weaknesses
Since the company faces many challenges, including more consistency in its
manufacturing facilities, Ford Motors must make significant adjustments regularly. The
fact that they only have a manufacturing facility means they are under substantial
financial strain due to the epidemic. This is also true for their flaws, such as having a
staff devoid of purpose and drives in light of the pandemic. There needs to be a higher
rate of retaining employees at Ford Motor Company, which harms the overall
functioning of the firm and the bottom line. The limited selection of products that Ford
Motor provides may make it challenging for customers in the UK to differentiate
between the many options that the firm has on the market (Krishnan and Poorani,
2022).
Opportunities
The Ford Motor Company formerly had access to various options, including creating
new products, acquisitions and mergers, and many other possibilities. They could
construct their very own manufacturing facilities with its assistance, which would open
up a vast array of opportunities. While Ford Motors can provide the market with a wide
variety of innovative goods, the company is now finding it challenging to stay up with its
rivals in the automotive industry. If Ford Motors decides to implement this plan, the
company's operational expenditures may decrease (van Hoek, 2022).
Threats
Since a shop should expand with its customers and clients, major adjustments will
inevitably be obligatory. As a result, Ford Motors will have to exercise a important total
of work to adapt to the new situation. Alterations in society and the economy could have
a deleterious effect on them. Due to the high competition in the UK market, Ford Motor
will have fewer opportunities to expand its presence there. The price of the finished
product may be affected by fluctuations in the market during the production process
(Bremser et al., 2022).

BCG Matrix
The marketing and economic cash cow that is Ford Motors has been around for a long
time. They cannot expand their market presence owing to the existing conditions in the
market; therefore; as a result, they hold a more significant portion of the revenue source
area to themselves. The ability of Ford Motor Company to increase its market share and
generate positive cash flow will significantly impact the company's long-term success in
the automotive industry. These circumstances have had a direct bearing on Ford Motor
Company, which now has a share of the market of more than 23% and has been
directly influenced by these situations. Since there are already so many other industries
operating in the same subdivision, the expansion may take place. The Ford Corporation
will be better equipped to adapt to the shifting requirements of the external environment
if it implements this plan. The Ford Motor Company's several business divisions all
follow the same guiding strategic concepts (Czinkota et al., 2021).
Strategic Positioning
Ford Motor Corporation trusted deeply on a method, its business tactic procedure to
progress tactics that would assist it in accomplishing its goals. To meet the challenges
posed by new competitors, Ford Motors has developed a method of product
development to offer new cars in these markets. Ford Motor Company, ever since its
founding, has provided consumers with a never-ending supply of ground-breaking new
goods. They may be capable of getting an edge over their rivals by delivering these
unique features. Because of its strategic stance, the Ford Motor Company will also have
access to a wide range of innovative tactics (Kirca et al., 2020).

M1- Critically Analyzing the Macro Environment to control and notify strategic
management results
It is essential to reflect the macro environment, whether one is engaged in decision-
making or using management best practices. Several perspectives, including
geopolitical, economic, and social views, are considered throughout the process of
evaluating the macroeconomic projection. For instance, increasing the number of
parties related to customers will growth the number of options surrounding a more
comprehensive range of benefits. This means the company must prioritize decisions
that provide the most significant potential boost to customer satisfaction. Ford Motor
Company may now investigate and address the positive effects of influential parties on
the company. Major parties will be given multiple opportunities to have input during this
process. Now more than ever, consumers can get their hands on Ford Motors products,
and they may do it via a wide variety of channels and at competitive prices. As a result,
the economy will begin to show indications of recovery (Jelassi et al., 2020). Despite
this, the Ford Motor Firm consistently scores high marks from its customers, which
contributes to its bottom line. This means that to thrive, the company's decisions must
be oriented towards meeting the needs expressed by its clientele. Ford Motors has
earned a stellar reputation as an industry leader in technical innovation and widespread
use because of its commitment to producing reliable and stylish vehicles. Ford Motor
Company has worked closely with several government and non-government agencies
to establish and maintain safe workplaces for its employees. The present
macroeconomic climate might influence the strategy's implementation decisions (Jelassi
et al., 2020).

LO2-P2- Conducting an Internal Environment and Competences Valuation of a


given organization using suitable contexts
If a company has the knowledge, experience, and traits essential to developing a
sustainable long-term plan, it may have strategic talents. The capacity to adapt one's
behavior to one's resources is crucial to success in any endeavor. As a result, the
business will be better positioned to foster a pleasant workplace. Insightful judgments
concerning present and future environmental issues will be considerably more
straightforward.
VRIO or VRIN Model
The VRIO pattern is vital for Ford Motors, it is essential for recognizing and classifying
the significant competences owned by the firm. This resolve makes it greatly less of a
challenge to recognize an individual's strengths and quirks. The VRIO framework is
applied to the situations discussed below. Automated procedures, the competitiveness
of the employees, and the promise of innovative goods and valuable commodities are
only a few of Ford Motor Company's numerous valuable assets. The other valuable
items come in a wide variety. Some claim that Ford Motor Company has extensive
holdings in these fields. Having quick and simple access to these tools is crucial for
making the most achieving the areas. Ford has entrée to the vast substance of its little
resources. Ford has several high-priced assets. One or more of their automated
systems could manage sales, manufacturing, and logistics (Katzmayr, 2020).
As a result, it is a resource with deficient availability. While it will harm the organization,
this tactic is easy to use multiple times with little effort. As a result of their hard work,
this is the only business that will be able to compete with them financially or in relations
of brand alertness. If these situations are met, Ford Motors will gain a substantial viable
edge over its competitors. Ford Motor Business has a variety of well-organized assets
to offer, with brand recognition, industry information, and a global distribution system.
As a consequence, Ford Motors resolve gain a significant competitive edge in the
marketplace. Ford Motors is allowed to keep functioning since these problems are
considered chronic. They followed this procedure, and as a result, they successfully
constructed the framework (Katzmayr, 2020).

McKinsey’s 7s Model
The 7s framework helps you pinpoint all the factors that might boost performance. To do
this, we follow a seven-step procedure. As an outcome, material and irrelevant
resources are distinct entities. One of the frequent rewards of linking these assets is
that they produce wealth that can be shared. The first three steps include developing an
approach, agenda, and structure. Firms like Ford Motors successfully implement their
business strategy thanks to the management structure in place.
Thus, Ford Motor Company's existing organizational structure is vital to the operation of
the commercial as a whole. But these constructions need to be linked to the networks,
and the networks need to be related to the systems. They are enthusiastic about
disseminating the company's core beliefs, and their methods align closely with the firm's
management and strategic planning practices. Ford Motors even has a wide variety of
intangible resources at this location. People, skills, and refined aesthetic taste are all
examples of easily lost resources. Ford Motors relies heavily on the talents and skills of
its employees to successfully navigate the company's strategy and other challenges.
Workforce management and retaining authority over the company go together. Due to
their interdependence, Ford Motors may benefit from all of them (Tracey and Blood,
2012).

Resource Based View


To keep a tighter rein on the company's operations and feel more in charge of its
direction, the management advises preserving Ford Motors with a strategy centered on
its available resources. Ford Motors often splits the content of its webpage into two
distinct parts so that users would have an easier time navigating between the pages. At
Ford Motor Company, decisions are taken while considering the company's tangible and
intangible resources. To effectively manage this resource, working with various
providers and customers will be necessary. The outputs produced by the funds must be
done so in a manner reliable with their tasks and areas. Developing a modest edge that
originates with it is contingent on possessing both physical and intangible assets. Ford
Motors could modernize at this opinion in the corporation's growth because of the
automated processes, worldwide sales network, and financial expertise.
In addition, there is a requirement to relocate and manage extra resources. For
example, it is feasible to acquisition some intangibles, such as the brand and standing
of a company or the recital ratings of a competing. Using it makes it conceivable to
obtain VRIO incomes. This degree of VRIO content is very unusual and may be
challenging to recreate in some instances. As a consequence, Ford Motors might be
capable of maintaining its current competitive edge. As a result, the business will be in a
better situation to help the organization as it explorations for new capabilities and
possibilities and works to protection the integrity of its edge over the competition
(Tracey and Blood, 2012).

It proves how performing a particular movement might raise the significance of the
action to a client. For Ford Motor Business to be positive through its existence, it must
achieve two goals effectively. Prime and supplementary actions are the two categories
of potential things to do that may be found under the topic of anticipated things to do.
The organization is divided into various divisions, each responsible for its own domestic
processes, including customer support and inventory management. To accomplish this
goal, it is necessary to carry out the steps and activities mentioned in the following
paragraphs.
As a result, Ford Motors will be left with a few choices available to it moving forward
about the management of its firm. The execution of essential activities is made likely by
subsidiary supportive processes such as the supply of tackle, the administration of
capitals, service, or the procurement of social resources. Ford Motor Company would
be successful in achieving the requisite organizational recital margin as a direct
consequence of the labors (Czinkota et al., 2021).

M2- Interpreting Evidence and data to measure strength and weaknesses of an


organization’s internal competences, erection and skill set
Ford Motor Company has several valuable assets, including its automated processes,
the market success of its employees, and the guarantee of innovative goods and
profitable commodities. Also, the corporation has several other sizable stakes. In
addition to these irreplaceable objects, there are many more of great worth. According
to some analysts, Ford Motor Company may be ready to take on the world. Please
make the most of these resources and get things done quickly with easy access. Most
of Ford's slight assets are made obtainable to the automobile manufacturer. There are
several expensive assets owned by Ford. Their computerized systems could handle
various responsibilities, including managing supply chains, marketing, and production.
Because of this, the resource is challenging to come by. The organization's overall
effectiveness will decrease, but it will be easy to use this strategy again and again in the
future. Other companies can only match their staff's recital regarding brand cognizance
and financial capability if it is consummate in the manufacturing. Ford Motors will enjoy
a significant competitive benefit over its competitors if these prerequisites are satisfied.
To be more precise, Ford Motor Company can supply various structural resources, such
as expertise, a sales network, and goodwill, among other things. As an importance of all
this, Ford Motors will continue to enjoy an important edge over its competitors in the
market shortly. Even though these problems are considered persistent, Ford Motors is
allowable to endure doing business in the marketplace. The use of this skill resulted in
the structure of a structure that curved out to be of high worth (Krishnan and Poorani,
2022).

LO3-P3 Determining suitable management tackles to analyses a given


marketplace sector for an organization and notify strategy

One method to assess a company's prospects for achievement in a competitive


environment is to reflect the various features of the Ford Motor Company. The five
forces model industrialized by Michael E. Porter is a challenging and complicated
concept explaining how a firm might positively manage the competitive condition in
which it contends. This section will discuss the three mechanisms that make up the five-
force model used by Ford Motor Company.
Bargaining Power of buyers
Even if regulars pick the products industrial by Ford Motor Company, still have various
alternative choices. So, purchasers are in an even tougher position to transfer than
venders are, which might place sellers in a more dangerous situation. The operations of
Ford Motor Company are being severely harmed by the rapid changes in preference
shown by customers (Steer et al., 2019).

The manufacturing procedure at the corporation has entree to a large pool of potential
dealers. Consumers can now pick among them based on various factors, including how
much cash they are organized to pay. Providers have far less power in the bargaining
procedure. Since it has an extensive pool of vendors, Ford Motors is in the exclusive
position of being able to select any possible consequence.
Threats of New Entrants
As a result, Ford is an auto manufacturing corporation, and its decisions are heavily
impacted by various factors, including, but not limited to, the amount of cash spent. Due
to this market's high entry barrier, only a few trades can afford to contest inside it. As a
direct importance, businesses must do thorough research before flouting into new
marketplaces.
Threats of Substitutions
It has come to light that there are other options outside those that the Ford Motor
Company now markets and sells inside the UK. As a consequence of this, the likelihood
of its being replaced is increasing, which is concerning considering the tight competition
that exists between iOS and Microsoft. In addition, it is possible to use each of them
simultaneously in various settings to accomplish the same objective.
Threats of Competitors
Since it is a participant in this industry, Ford Motor Company has been competing
against a significant number of other producers. As a result, new contestants like
Samsung or Nokia, between others, will turn into an actual cause for worry. Regarding
the quality of their goods, they could be marginally inferior to the select few companies
they compete with. It is now possible for Ford Motor Company to control and monitor
their position in the competitive market (Steer et al., 2019).
Balanced Scorecard
Balanced scorecard plan is mainly helpful and profitable in circumstances with intense
external rivalry and other contests. The attainment of areas set by Ford Motor Company
depends on four primary situations, each of which has to be occupied into explanation
throughout the decision-making process. From a financial point of view, several aspects
are measured, such as growing and the occasions it presents, profit margins, the
amount of cash flow, and other elements. The execution of this program at Ford Motor
Company comprises several essential components, including the opportunity for skill
development and career advancement, as well as knowledge management as one of
those components. Expanding the options already available for a company's internal
learning and growth would benefit in many different ways. The firm's parent corporation,
Ford Motors, has a say in the company's internal and external business activities
(Gunduz and Al-Naimi, 2022).

Ansoff’s Matrix
The expansion vector matrix may be affected by various variables, including market and
commodity conditions. Finding a replacement in an already established market is more
common than exploring untapped ones. Both finished products and those still in the
R&D phase must undergo stringent safety tests before being sold to the public. Ford
Motor Company can maintain its current market position and continue producing its
popular products. They have several applications, but one of their main goals is to
ensure that new information may be added to an ongoing conversation. One of Ford
Motors' top aims must be expanding its product line and overall market share. As a
market develops, the environment in which it is regulated will change. Ford Motor will be
able to explain the product's goods better, but also the present status of the market, as
a direct result of this (Gozali et al., 2022).

M3- Justifying the use of a suitable strategic management instrument for a given
market segment, to notify strategy and planned objectives
The strategy phase of the advertising planning approach is when the Ansoff Matrix
comes into play. It helps decide which overall strategy the firm should choose and
guides the selection of which marketing activity methods should be employed. On rare
occasions, a business may combine two marketing strategies to appeal to a broader
range of customers. To better understand the problems the market is now facing, an
Ansoff Matrix was developed. Ford Motor might improve the value of its product offering
with the use of this technology. When the problems customers face in the present
market are identified, action may be taken to resolve them. The Ford Motor Firm may be
using these issues to inspire upcoming models sold to the public. For Ford Motor
Company, plans based just on the Ansoff matrix are crucial because they enable the
company to stay focused on its long-term objectives, regardless of the state of the
market. They guarantee that management and staff are inspired and on the same page,
and they drive businesses to plan for the future (Gunduz and Al-Naimi, 2022).

Part 2-LO4
Strategic Aims
Ford Motors would need to ascertain and understand its planned goals. The goals are
bordered in the subsequent paragraphs
 To increase sales in the marketplace
 A customer-centric corporate approach that initiatives the market development.
 To increase the operating influence of the association.
Customers still have various options, even though items manufactured by Ford Motor
Company are trendy. Consequently, buyers have a much tougher position to transfer
than sellers, which puts venders in a risky situation that strength put them at risk.
Alterations in customer preferences that are sudden and dramatic are harmful to the
revenue of Ford Motor Company. Ford Motors asserts that it has entree to a sizable
pool of prospective dealers for its manufacture process. This means consumers have a
wide choice of options, each with its price tag. This tendency directly impacts dealers'
bargaining strength, which has been dwindling recently. Ford Motors has access to
several vendors and options to choose from a wide variety of results. For this reason,
Ford Motors will soon have to settle several crucial issues. Boosting the number of
sales generated by the market will be necessary to achieve the goal. When a business
pays excellent attention to the needs of its current customers, it increases its odds of
expanding into related markets. The company's long-term objective is to expand its
everyday activities into other fields (Giménez, 2022).

P5- Applying a range of models, ideas or theories to understand and devise


strategic preparation for a given group
Strategic Preparation
Cost management strategy
The cost management approach is used by Ford Motors, which allows the business to
provide its goods at values that are more viable with those of its participants. They could
cut costs in numerous ways as a through result of the work they put in, which will allow
them to save change. Companies will have the opportunity to raise their potential
revenues while simultaneously reducing their expenditures on manufacturing. Ford
Motors could determine its usual cost position if it adopted and implemented a cost
leadership strategy (Giménez, 2022).
Differentiation Strategy
A direct and immediate increase in value added to Ford Motors' goods is anticipated to
be a direct consequence of the differentiation strategy. Because of its financial success,
a company that is doing well will be able to provide things that are useful and in high
demand. In addition to delivering items at an acceptable cost, raising the product's value
from the client's perspective is vital. This may be accomplished by improving the
product itself. Ford Motor Company might use this tactic to get an advantage over the
company's rivals.
Bowman’s strategy clock
strategy clock most effectively. Companies like Ford must analyze situations before
pricing or enhancing their productivity. If Ford Motors wants to run a profitable business,
it has to balance the price of its products and the standards set for its performance. As a
direct result, individuals have a higher possibility of accomplishing the goals and
aspirations they have set for themselves (Elmore, 2022).

Diversification
With the assistance of diversification, Ford Motors can increase the depth of the product
selection it provides to customers. Although it only has eight brands, Ford Motors can
increase the variety of items it offers for sale in this market. Suppose they can extend
their range of products via their many different diversification projects. In that case, they
will be in a better situation to satisfy the requirements and partialities of their clients.
Yet, as a result of this achievement, Ford Motors will have the prospect to expand the
variety of goods it provides to customers dramatically.
Vertical/Horizontal Integration
By traveling back in time, followed by traveling ahead in time, it is possible to merge
different industrial or resource facilities. As part of its strategy for vertical integration,
Ford Motors may choose to develop and build vehicles at its facilities. Yet, to achieve
horizontal integration, firms must engage in blends and attainments to form companies
with other companies with the similar goals.
Attention Strategy
The Ford Motor business can choose to concentrate its labors on a particular market
subdivision by effectively implementing a marketing strategy that targets that
marketplace subdivision. As a result, Ford Motor Company can achieve a viable edge
while instantaneously satisfying the necessities of a particular marketplace sector in an
efficient and timely manner. If Ford Motor Company can effectively navigate a specific
industry, it can accomplish much better than its competitors (Elmore, 2022).
Hybrid Strategy
The degree to which Ford Motor Company can concurrently implement several different
tactics will have a substantial bearing on whether or not the business is positive in
attaining its individualized areas. Using hybrid approaches will make it probable to put
into action a wide variety of profit-maximizing strategies, differentiated products,
modification, and monopoly assessing. This will be the case since hybrid approaches
are more adaptable. They must be more specific about their goals and consider the
industry's current status. As a direct consequence, several additional activities may be
directly related to the strategic purpose of Ford Motor Company (Elmore, 2022).

P6- Scheming a strategic administration plan, applying suitable strategies to


recover competitive advantage
Companies like Ford must use several techniques to get to the top of their fields. The
company Ford is typical of companies that reach this standard of acceptance. All of
these procedures must be carried out very efficiently and effectively to ensure the
survival of organizations in various settings. That's because maintaining an
organization's existence is crucial to its survival of such an organization. The company
Ford has employed a variety of approaches throughout its history, some of which are
detailed in the following paragraphs. To seek access to several markets, they need to
have the plan to ensure that company pricing is as reasonable as possible.
This is a crucial stage in effectively penetrating new markets. This innovation will allow
companies to boost their profit margins while decreasing the expenses of producing
their goods. When Ford Motor Company UK reaches this point in its development,
thanks to this invention, this will occur independently of when the company decides to
implement a differentiation strategy. This is a real possibility that must not be ignored. In
addition to ensuring consumers can get what they need at reasonable prices, boosting
their perception of the items' value is crucial. The customer must be able to afford the
things. Yet, Ford Motors has a corporate model that makes it possible to use a
technique known as diversification. In such a case, it's easy to see how the corporation
has become so prosperous (Elmore, 2022).
Customers may grow to assume that Ford Motor Company would supply a vast choice
of things specifically suited to satisfy their expectations if this method is successful.
Consumers might be controlled because they could get used to antedating that Ford
Motor Business would be effective. It is feasible for Ford Motors to manage the firm's
manufacturing techniques and natural capital operations using the integrated strategy.
This would be a significant step forward for the company. This is because the addition
approach is helpful as a tool for affecting between natural and industrial source
amenities. The aim for this is the importance of the integration strategy. The description
for this may be originate in the declaration earlier this one. When an organization
exploits a mixture method, it can rejoin to accidental events and familiarize to altering
situations by accessing several response methods. This allows the organization to be
more elastic and open to the situation in which it activates. Ford Motors is not entirely
out of the query to use tactics such as diversity and monopolistic pricing in their
business strategy (Elmore, 2022).
M4- Creating a strategic Management Design that has concrete and planned
strategic significances and Objects
The corporation needs to be able to effectively achieve a vast numeral of organizational
objectives to accomplish its goals & fulfill its missions. A deeper partition of the strategic
managing plan into its component parts will be providing in the following sections.

Objectives Priorities Strategies


The goal is to increase To boost their number of Ford Motor Company may
sales in markets where we sales, Ford would require be compelled to depend
have exclusive rights. no action. only on cost management
to enhancement its volume
to produce a profit and the
numeral of goods it sells.
They would have to One must include this
If a company focuses on employ every available strategy in a differentiation
satisfying the requirements resource to provide the plan if one wishes to boost
of its clientele, it can clients with the best consumer value and create
increase the size of its possible experience they an edge for their firm over
target market. could have. their competitors.
One of the organization's Ford Motors guarantees By using both backward
objectives is to expand its that every one of its clients and forward movement, it
operations' geographic will be completely satisfied is possible to combine
scope. with their purchases, even manufacturing or resource
though these clients may facilities while collaborating
have varying requirements with other similar firms.
or preferences.

Conclusion
Using tactics that are created on macro situation modeling may help find solutions to a
wide variation of contests and problems. Although these organizations get subsidy from
the British government, the imminent Brexit will almost positively affect them. It is now
possible for Ford Motor Company to give these customers high-quality substances due
to the growth of their range of obtainable options and selections for making acquisitions.
They can gain a competitive edge over their rivals if they provide these unique features
for their customers. These choices have the potential to affect the context of the
organization.

References
BREMSER, W. G., JERMAKOWICZ, E. K. & REINSTEIN, A. 2022. Sustainability
Reporting Insights: The Case of Ford Motor Company. Issues in Accounting
Education, 37, 125-139.
CZINKOTA, M. R., KOTABE, M., VRONTIS, D., SHAMS, S. R., CZINKOTA, M. R.,
KOTABE, M., VRONTIS, D. & SHAMS, S. R. 2021. Product and Service
Decisions. Marketing Management: Past, Present and Future, 341-397.
DE SOUSA, G. C. & CASTAÑEDA-AYARZA, J. A. 2022. PESTEL analysis and the
macro-environmental factors that influence the development of the electric and
hybrid vehicles industry in Brazil. Case Studies on Transport Policy, 10, 686-699.
ELMORE, J. B. 2022. Diversified Collaboration, Strategic Plan Design, and Strategic
Planning Outcomes in Public Sector Aging Services. Southeastern University.
GIMÉNEZ, M. C. 2022. Case Study: A Five Year Business Strategic Plan for Tesla.
GOZALI, L., IRAWAN, A. P., TUNJUNGSARI, H. K., DE CANDRA, C., LIM, V.,
NOWESCOPHOR, R., ZAGLOEL, T. Y. M., HARON, H. N., MASROM, M. &
TJAHJONO, B. 2022. The Development of Several Marketing Models in
Performance Measurement in Industrial and Business Management Systems.
GUNDUZ, M. & AL-NAIMI, N. H. 2022. Construction projects delay mitigation using
integrated balanced scorecard and quality function deployment. Engineering,
Construction and Architectural Management, 29, 2073-2105.
JELASSI, T., MARTÍNEZ-LÓPEZ, F. J., JELASSI, T. & MARTÍNEZ-LÓPEZ, F. J. 2020.
External Analysis: The Impact of the Internet on the Macro-environment and on
the Industry Structure of e-Business Companies. Strategies for e-Business:
Concepts and Cases on Value Creation and Digital Business Transformation, 49-
95.
KAR, S. K., SINHA, A. S. K., BANSAL, R., SHABANI, B. & HARICHANDAN, S. 2023.
Overview of hydrogen economy in Australia. Wiley Interdisciplinary Reviews:
Energy and Environment, 12, e457.
KATZMAYR, M. 2020. Employee experience as a new strategic approach to people
management to enhance competitiveness/submitted by Miriam Katzmayr, BA.
Universität Linz.
KIRCA, A. H., RANDHAWA, P., TALAY, M. B. & AKDENIZ, M. B. 2020. The interactive
effects of product and brand portfolio strategies on brand performance:
Longitudinal evidence from the US automotive industry. International Journal of
Research in Marketing, 37, 421-439.
KREUTZER, R. T. 2023. Marketing Planning and Marketing Research. Practice-
Oriented Marketing: Basics–Instruments–Case Studies. Springer.
KRISHNAN, L. & POORANI, S. 2022. Ford Debacle Derails' Make in India'Plans: Socio
Economic Impacts. Indian Journal of Industrial Relations, 57.
MÁTÉ, G. B. & PÉTER, F. Volkswagen Group marketing, economic and financial
analysation. Proceedings of FIKUSZ Symposium for Young Researchers, 2022.
Óbuda University Keleti Károly Faculty of Economics, 603-621.
MORRITT, B. T. 2022. Systems of Male Privilege: The Industrial Relations Policies of
the Ford Motor Company in the 1940s. Enterprise & Society, 23, 1019-1046.
SATYANARAYANA, P. & BHASKAR, N. U. 2021. BEYOND ETHICS–TOWARDS
DHARMA & ETHOS–A RETROSPECTIVE STUDY ON CORRELATION
BETWEEN ETHICAL BUSINESS PRACTICE & IMPROVED PERFORMANCE–A
CASE OF FORD MOTOR COMPANY.
SAXENA, S. 2022. Applied Strategic Management: Distinctive Positioning is the Key to
Success, OrangeBooks Publication.
STEER, K., GARG, L., PRAKASH, V. & GUPTA, V. 2019. SWOT Analysis of e-
Marketing for e-Business. International Journal of Innovative Technology and
Exploring Engineering (IJITEE), 8, 153-159.
TRACEY, J. B. & BLOOD, B. 2012. The Ithaca Beer Company: A case study of the
application of the McKinsey 7-S framework.
VAN HOEK, R. 2022. Lessons from CSCMP Supply Chain Hall of Famer Henry Ford
and the research that they call for in modern supply chains. International Journal
of Physical Distribution & Logistics Management, 52, 88-102.

You might also like