Ford, Value Chain, and Profitability
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In Strategy Capsule 2.3, we observed that Ford's profitability was low primarily because it costs were high. Using the value chain, what suggestions do you have to help Ford lower its cost of producing cars?
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Solution Summary
This detailed solution outlines how to lower costs at Ford to improve its profitability based on the value chain. It includes examples and links.
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In order for Ford to lower its costs of producing cars it needs to tighten cost control and further emulate Toyota's practices. It must have access to low cost capital and have a process in which cars are produced efficiently. To produce at the lowest cost necessary Ford would need to have specialization of jobs and functions and this may include overseas outsourcing. In addition there must be tight cost control as tracked ...
Education
- BA, University of Southern California
- MSS, United States Sports Academy
- Ed.D, Boise State University
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