Strategic Management Of Ford Company Assignment

strategic Management Of Ford Company - Assignment ExampleThe Ford Motor Company was founded by atomic number 1 Ford in 1903. At its incorporation, the alliance had twelve investors. The company has since grown and presently has ownership of capital of Nebraska line of vehicles as well as a sizeable stake in Mazda. Ford currently ranks fourth in accordance with Forbes list of 2014s biggest auto companies after Toyota, the Volkswagen Group and Daimler which rank first, secondment and third respectively. Currently, Ford sells its vehicles all over the world but its predominant market remains the get together States. Stakeholder Model FordFreeman, who is considered the father of the stakeholder concept, developed a number of definitions for the term stakeholder. In one, he considers a stakeholder to be any multitude or individual that prevails over or is prevailed upon by an organizations operations. In another definition, he states that stakeholders are those groups that are vital to the sustenance and prosperity of a company (Fontaine, Antoine & Stefan 2006). Under the stakeholder model, a value creation concept exists that thinks of stakeholders as any person or group that increases value to an organization or, in dealing with the company, assumes some form of risk. Ford pinpoints its stakeholders through assiduous informal discussions during the inception phases of their sustainability agenda development. The company pays significance focus to its stakeholders and the value they offer it in its quest to look across the motor industry.