S.. Over a period of time, even the manufacturers, like Ford, move their manufacturing bases to China. (Chain Reaction: Big Three's Outsourcing Plan: Make Parts Suppliers Do it) manufacturing company that is giving employment to a large population of a town closes its operations and shifts its operations to elsewhere; this leads to loss of jobs. The entire town gets affected. As the public are not earning, they cannot buy and cannot pay taxes. The whole economy comes to a standstill. Hence, moving manufacturing base weakens the economy. Ford closed its New Jersey plant after 55 years of its existence. This closing resulted in early retirement of about 300 workers. The balance 600 workers were transferred to other Ford plants. By this closing down, about 400 jobs were eliminated. Ford is shrinking American operations, but is investing in Asia. When American companies are moving out of U.S., foreign companies starts investing in U.S. And they sell more cars in U.S.. (Exporting America: Why Corporate Greed is Shipping American Jobs Overseas) Outsourcing is good if it is used to purchase parts of a project or a product from manufacturers with more expertise. The expert manufacturer may even be located in foreign countries. However, outsourcing is mainly used to cut costs so that more volumes can be produced and sold leading to huge profits. Any business enterprise should not think that making profits is the sole purpose. Every business enterprise has an important role to serve the community in which it exists. Heavy dependence on outsourcing by business enterprises shows that...
Serving society refers to serving the public by providing employment to them and strengthening the economy by not shifting manufacturing bases. Hence, we can conclude that when Ford shifts its manufacturing base to China, it should bear in mind that not profits alone is the purpose of any industry and it has other responsibilities like serving the public and making U.S. economy stronger. (Corporate America and Outsourcing)
Ford Case Strategic Case Study: Ford Motors Company Overview Ford Motors is one of the oldest and largest auto manufacturers in the world, and despite being enormously hard-hit by the economic downturn of the recent past the company has returned to profitability and has been successful in redefining its strategy and realigning its resources to achieve its strategic ends (Ford, 2012; Hoover, 2012; Reuters, 2012). With internationally-based sourcing, manufacturing, distribution, and sales operations,
Ford Motor Company was the only one of America's Big Three automakers to turn down government assistance in 2009. The company wanted to maintain its independence, and believed that the strategies that were in place were going to be sufficient to bring about the financial recovery of the firm. In the past couple of years, the company has revamped its product line, cut its expenses, and sought to take advantage
Ford Mustang Financials As a company, Ford has improved its sales in the past two years, after struggling during the recession. Ford's revenues in the last fiscal year (2011) were $136 billion, compared with $116 billion in FY2009 and $168 billion in FY2007. The company's profits have also fluctuated over that time period. FY2011 saw a profit of $20.2 billion, compared with $2.7 billion in FY2009 and a loss of $2.8 billion
The economic environment is difficult. The United States may finally be showing signs of emerging from recession, but the recent economic difficulty has taken its toll of Ford. Following the short-lived spike provided by the 'cash for clunkers' program, auto sales have slumped again. Many competitors saw sales fall dramatically in the wake of that program. Ford, however, did not suffer as much. While two of its most popular models,
There is an Earth Mother and a Sky Father that organize the universe; an evil-trickster or anti-hero that needs to be subdued, and a reason for humans to populate the earth. There are similar "issues" to explain: water, the sky, stars, weather, seasons, the movement of the sun, etc. -- all part of the functional consciousness of discovery -- whether that be stories in front of the evening fire
At the same time, Ford has not shied away entirely from larger vehicles. It still offers a range of crossovers, SUVs and trucks with powerful motors and towing capacity, and has expanded its product line in the last year, now that the economy has picked up again (Ford, 2010). This allows it to compete in a market with limited competition, since companies like Toyota and Nissan do not offer many
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