The Ford Motor Company (aka Ford) is the second largest automobile company in the world representing a $164 billion multinational empire. Ford Motor Company is well known as a manufacturer of cars and trucks but also operates Ford Motor Credit Company which generates over 3 billion in revenues. Ford also owns The Hertz Corporation which is the largest car rental company in the world. Ford has vehicles under the name of Ford, Lincoln, Mercury, Jaguar, Volvo, Land Rover, Aston Martin, and has a controlling interest in Mazda Motor Corporation. Ford introduced methods for large-scale manufacturing of cars and large-scale management of an industrial workforce using elaborately engineered manufacturing sequences typified by moving assembly lines. Henry Ford's methods came to be known around the world as Fordism by 1914. This summary will overview one of the auto industry's worst decline in history. How the day finally came, following dramatic drops in automobile sales throughout 2008; The Big Three was under its worse financial position in history. How Ford Motor Company was able to position themselves to overcome this rapid declining market. It was include the strategic planning of the past and present CEO's. Also the outcome of those decision do for the company's outcome.
Ford Motor Company implemented Lean Operation which is a flexible system approach toward rapid delivery of products and/or services while utilizing minimal resources, time, and inventory while emphasizing team work and output quality. Changes to value chain elements require making choices of not only what to do, but what to avoid within the mechanization of operations, cultural norms, and sticking to those decisions that fit organizational objectives and the value chain (Pearson, 2013). A lean system focuses on simple interdependent processes with minimal automation that can be adjusted in real time to maintain specified results and eliminated in the near term, so that the constraint is not repeated.
