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Changes in Ford Motor Company
Changes in Ford Motor Company
INTRODUCTION Ford Motor Company or simply Ford Motors, is an American car manufacturer based in Dearborn, Michigan. This company is currently the second largest car manufacturer in the US and ranks as the fifth largest in the world. Aside from its domestic operations, Ford also operates in the markets of South America, Europe, Asia Pacific, Africa, and the Middle East. Given its worldwide operations, Ford Motors could be considered as one of the most successful car makers. However, the company's success did not happen overnight. In fact, it took more than 100 years before Ford was able to earn its current status. The world headquarters of the Ford Motor Company are located in Detroit, Michigan, which is also commonly known as the automobile capital of the world. Ford's Earliest Foundation Ford Motor Company was founded by Henry Ford. The company was actually established with the help of Henry Ford's acquaintance, Alexander Y. Malcomson, a coal dealer, and Malcomson's uncle, John S. Gray, president of the German-American Bank. To further strengthen the newly established company, Malcomson recruited some of his business partners and urged them to invest. Due to Malcomson's success in recruiting investors, the Ford Motor Company was finally established on June 16, 1903, with 12 investors and 1000 shares. Both Ford and Malcomson owned 255 of these shares, while Gray owned 105. The remaining shares were owned by the other 9 investors. Gray became the company's first president, while Ford was elected as vice-president. Under Gray's leadership, the company had started to earn profits. Ford's total profit in October 1, 1903 was calculated to be around $37,000. This profit further increased to $300,000 in 1905. Under Ford's leadership, the company gradually became the largest car maker in the US. During the first few years, Ford as a car manufacturer, was involved in developing and producing its model cars: The Model A, first car model. Ford had sold a total of 1,750 units from 1903 to 1904. The impressive sales record obtained by the Model A marked the first successes of Henry Ford's business. However, this model was eventually replaced by the Model C in 1904. The Ford Model C. a refined version of the Model A in 1904, with a sportier look and more powerful engine. This model was replaced by the Model F in 1905.
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Goal of FORD 2000 reorganization was to create a centralized global engineering stuff that is matrixed to vehicle programs. Ford 2000 Vision create program teams focused on the customer while the technical development of noncore commodities was outsourced to the suppliers Within the Ford 2000 environment, the business aspects of a program often overshadowed the technical solution to the problems since the business aspects were more readily understood. Instead of encouraging employees to technically deep, the company encourage employees to become mini CEO and focus in understanding the financials of the business.
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3-8 ENGINEERS
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