Labor Laws and Unions
October 31, 2010
Thea M. Tolbert MPA
Ford Motor Company Outline
* Ford Motor Company started a manufacturing revolution in the 20th century. Now, it has grown into one of the most successful and largest automakers in the world. The company was founded in 1903 by Henry Ford in Detroit Michigan and employs over 198,000 people in over 90 plants and facilities worldwide, the company posted a net income of over 6.5 billion in 2010. What started out as a mass production assembly line has evolved into one of the top brands in Automobile makers. Ford Develops, produces, distributes and services automobiles and parts all over the world. Ford functions in two divisions, Automotive and Financial services. The automotive side markets cars, trucks and parts through a host of retail dealers; the financial side offers many different financing products to dealerships and customers. The company is worth over
Legal issues or obstacles Ford Motor Company could encounter: * Globalization - which is the free movement of capital, goods, and services. Ideas, information, and people across national boundaries. Markets in every country have become fierce battlegrounds where both domestic and foreign competitors fight for market share (managing human resources ch. 1). * Product Differentiation - Consumers have a large quantity of choices when it comes to certain functions and performance attributes purchasing a vehicle. In order to stay competitive auto makers like Ford Motor Company have to offer different products that attract consumers by addressing their wants and needs. * Product Development - Developing a vehicles is very costly, time consuming, and risky. It can cost billions of dollars to design, engineer, and tool a major new model vehicle. * Federal, state, or local laws that could be broken because of these legal issues: * International Labour Laws – Laws...
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