2.3 Business Strategy General of FORD:
2.3.1. Global Business Strategy General
Around the 80s onwards car of the 20th century as one of the modern facilities and the most advanced inventions in human history. the global economy is gradually developing, growing demand was torn open, with the potential construction and development in the US, Ford Motor has gradually built itself as a powerful princely domination in field Car production at the time the international business strategy.
If then, the pressure is not high production costs, human needs only relatively that is longing to have a dream car cheic easy convenient easy traverse the region, tend to prefer large bulky vehicle concept for fuel savings, or money has yet to have a strong impact, science and technology while developing very strong but there are still some limit ... then that a car produced by the Ford Motor seems like a dream can only be satisfied with the high-class, well-off money. International business strategy gave Ford the huge profits and strong competitive potential.
But today, the early years of the 21st century, poker has rotated flip. 2007-2009 world the past few years has experienced the great depression severe economic, human cognitive perception of savings, in energy, size ... has developed changes and different from the previous year, especially after the last great depression. Technical Sciences from time to time growing up forward further new heights even more progressive. The 21st century is now a market for small tools, chips sophisticated and versatile. Nowadays environmental problems are and will increasingly be ironic hot issues across five continents world ...
Before the big change this and with some minor changes and potential changes, business strategy Ford's global must also change in order to adapt and develop in order to pursue a mission to set off early in that Ford formed. So in this 21st century, Ford Motor has chosen for himself what strategy?
The team will identify the global business strategy of Ford Motor with two fundamental factors that is pressure to reduce costs and adapt pressure environment.
a. The pressure to reduce costs:
Nowadays when science and technology boom, America has no hegemonic position in science or economics, it means most major sectors of the US auto industry suffered an enormous competitive pressure from emerging countries after Japan, South Korea, China .... Assuming that the competitors' greatest for US carmakers were Japanese. Automakers Toyota, Honda steadily increasingly promote their competitiveness hitting aspect of the product price, low price, but full of comfort functions are not inferior and sometimes superior to the Ford Motor US. That is huge pressure barons forced Ford to weigh. Following a period as any strategically forever cling old, sleeping on a victory for the rival Ford junior riders to take advantage later also with his powerful ability has surpassed face, causing Ford consecutive failed and suffered heavy losses. In a given question on yahoo forum that better cars "Who Is Better? Ford vs. Toyota? "Are some of the answers and the evidence presented to demonstrate and express the view that Toyota's car works well and stronger than many cars are manufactured from Ford is very nhìu. Price resell a Ford and a Toyota Used together with huge disparities. "Toyota all the way. That is why resale value is so much chúng Higher. I've had cả and the Fords always had more problems. They end up being more expensive vì the maintenance sometimes. "The idea of a client under the alias Felicia B. ( juniors Today, rival Ford's ongoing diversification of its product categories, reduced including production costs up from there for the tough competitive price with a range of diversified products. This has caused enormous competitive pressure on Ford motor car magnate. b. The pressure like local facilities. A second factor notwithstanding any multinational company once stepped into the market have to think carefully about this. Philip Kotler said that misconception to think that the needs, desires World customers as well as domestic customers are institutional factors that kill the success of the company. Therefore, with Ford, too. Gone time consumers are influenced by perceptions themselves to any new massive is pretty powerful. Today, even the western region, where we derive the concept to new beauty, with world have turned to the small concept lovely, compact, handy, bar The new calendar is beautiful. This concept became more powerful and more pressure for any manufacturer in the Oriental countries, especially from Japan, South Korea .... The manufacturer does want to set foot, sustained development in these markets, they had to change and adapt to that market. A simpler example of adaptation in each geographic location, preferences, trends in each of the local people which is conveniently positioned steering wheel. If the customer in the United States, immediately upon his left hand drive in the UK in the EU on the other hand upon the right-hand drive. If the United States is relatively cold climate, heating is an important factor in a vehicle, in the typical warm countries such as Vietnam or countries in Africa, the view out of the car heating element turns out to excess. Therefore, Ford vehicle manufacturing sector under pressure to adapt the area in a relatively high level. Based in part on that team was present on the environment, competitive advantage, this section is based on two Factors such as cost pressures and local adaptation, the team identified the strategic business of the current global Ford strategy that is transnational. By transnational strategy will help Ford Motor play trade on the world market in these circumstances. Ford Motor continued to follow the path that the general competitive differentiation strategy is focussed to make up the difference, enjoy, a stroke of inspiration only at the customer Ford. Ford Motor with four core brands it is Ford, Volvo, Lincoln, Mercury and the major product categories such as cars, hybrid cars, vans ... to serve our customers. Currently branded vehicles Ford is focused on producing low-cost strategy to compete with the corresponding items of other competitors such as Toyota, General Motors, Honda .... Ford on the other hand there are still big differences covered separately. It is confidence in clients in transported cargo truck, F and E-series line items are for the strength of Ford's hard to compete over the years. That line of high-end brands like Volvo luxurious hit euro zone; Lincoln, Mercury America and the Middle East .... It is interesting class, unique style that Ford gives its customers. Above is the base platform Ford pursue general competitive differentiation and strategic focus to build transnational building competitive advantage with other competitor in the industry right juniors in the US and countries around the world. Mid price marginally better part of Ford products with competitors that is the complement to the inherent point that Ford wants to bring.
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