Fords Profitability Essay Example | Topics and Well Written Essays - 250 words

Fords Profitability - Essay Example The research work will help in giving an explanation on why the company is making 24 billion in losses. A competitive advantage may be created in producing similar products to Toyotas’ models with lower costs. The output produced should be according to what the consumers need, and not according to what it is used to producing (Close, 2012). They can completely change the company strategies and structure on how it carries out its operational activities. This can be achieved by changing the objectives, target and mission statements of the company. Introduction of process engineering skills, tight cost control and reports that are more frequent. The management should be able to give the company a new purpose and direction, by motivating the workers, and improving the culture of the organization (Canary, 2012). In extreme circumstances, the firm may also consider taking action on the management structure by considering the option of reducing on the number of employees both in the management level and in the operational levels. This will act as a direct way of reducing on the production and operational