Essays on Recommendations for Ford to Plan for the Future Case Study

Download full paperFile format: .doc, available for editing

The paper 'Recommendations for Ford to Plan for the Future" is a good example of a management case study. Time and again it has been proven that change is inevitable. Change is also constant and so whether positive or negative it has to occur. Ford Motor Company faces the same fate and several years down the line it will not be where it is now. Technology changes and so does tastes and preferences and soon people will be choosy about the type of cars they drive and the combustion fuel the cars use.

What will drive this change will, therefore, be the tastes and preferences of people as influenced by technological advancements; people will demand more than just a car, they will want more smart features. Costs of fuel will also be a factor in the near future as it has already begun to influence the buying behavior of customers for vehicles. As of now, many people avoid those vehicles which consume a lot of fuel and go for those that consume less. Petroleum may also be depleted or become scarce bringing about the need to have alternative sources of fuel.

Another aspect that will change the motor vehicle industry in the future is environmental conservation. There are already calls for energy-efficient machinery today but as time goes by these calls and cries will intensify. Global warming and climate change will be more severe in future than it is now and there will be more need to conserve the environment by using vehicles that are energy-efficient and that also renewable and environmentally-friendly energy sources. These factors will shape the future of the motor vehicle industry and companies in the industry, including Ford Motors, have to prepare for this future.

This paper looks at these expected changes and formulates a hypothesis as well as looking at the weaknesses and business impacts of the changes then give recommendations for Ford to plan for the future. Gathered Data Technology has changed over the years and this change has been so rapid and demanding that some business has collapsed due to failure to keep up with the pace. The technology changes influence how consumers buy items and each manufacturer and seller has to keep up with the changes if they are to remain relevant in the market.

From the old days of few mainframe computers to these days of global internet coverage and computers everywhere, the next world will usher in what has already become to be seen now-Internet of Things (IoT). IoT concept looks at a future where everything is connected to the internet; everything is smart. Much of these smart gadgets are already available today; for instance smartwatches, smart TV sets, and smart houses among others.

Though some are still in the pilot stages of implementation in future most of them will be fully functional and that will bring about the need for smart cars. We can already see this in fiction movies; cars which have AI agents that converse with the driver, driverless cars, cars which connect to the internet and search for required content as well as cars which can do a lot more things while connected to other devices. People watch this movie and even those who don’ t still know that as devices and gadgets get smart so should cars.

We’ re looking at a future where people will only purchase smart cars so that they can connect them with the other gadgets in their IoT. By then any company that would not have incorporated the idea of IoT into their products will not survive in the market. Only those companies that would have incorporated the technology will survive. Ford Motors must also take up this matter into the mind and make necessary plans to ensure their future is bright.

References

Anon., n.d. Car Buying Guide. [Online]

Available at: http://environment.nationalgeographic.com/environment/green-guide/buying-guides/car/environmental-impact/

[Accessed 10 May 2017].

Gadesmann, K. & Kuhnert, F., 2007. The Automotive Industry and Climate Change. [Online]

Available at: http://www.pwc.com/th/en/automotive/assets/co2.pdf

[Accessed 10 May 2017].

Gao, P., Kaas, H.-W., Mohr, D. & Wee, D., 2016. Disruptive trends that will transform the auto industry. [Online]

Available at: http://www.mckinsey.com/industries/automotive-and-assembly/our-insights/disruptive-trends-that-will-transform-the-auto-industry

[Accessed 10 May 2017].

Hwang, R., 2016. Future of Electric Vehicles is Bright. [Online]

Available at: https://www.nrdc.org/experts/roland-hwang/future-electric-vehicles-bright

[Accessed 10 May 2017].

Korosec, K., 2016. Bill Ford: Here’s Where Ford Motor Co. Will Be in 5 Years. [Online]

Available at: http://fortune.com/2016/05/17/bill-ford-brainstorm-e-future/

[Accessed 10 May 2017].

Meola, A., 2016. Automotive Industry Trends: IoT Connected Smart Cars & Vehicles. [Online]

Available at: http://www.businessinsider.com/internet-of-things-connected-smart-cars-2016-10?IR=T

[Accessed 10 May 2017].

Pershad, D., 2016. Trends in the Automotive Industry - New consumers, digital trends, and the impact of technology. [Online]

Available at: https://www.linkedin.com/pulse/trends-automotive-industry-new-consumers-digital-impact-pershad

[Accessed 10 May 2017].

Priestley, T., 2015. The Car Industry Will Change Forever. But Nobody Is Prepared For It. [Online]

Available at: https://www.forbes.com/sites/theopriestley/2015/09/12/the-car-industry-will-change-forever-but-nobody-is-prepared-for-it/2/#7cf41f7732cd

[Accessed 10 May 2017].

Download full paperFile format: .doc, available for editing
Contact Us