Continue with the Order #231617294Management One major
Continue with the Order #231617294Management One major
Continue with the Order #231617294Management One major management issue that tends to concern Ford especially in its South Koreaoperations, is the difficulty of adapting to global management ways. Fordâ€s management may experience,and integrate the changing working population in South Korea (Control Risks Group Holdings Ltd, 2016,p. 52). Ford will struggle to maximize its new employeeâ€s potential. On the other hand, understanding thesubtleties of the employeeâ€s qualifications would be difficult for the Ford, especially in the newenvironment (Control Risks Group Holdings Ltd, 2016, p. 52).Comparative inflation rates also remain key issue that the management must also experience. Ininternational perspectives, Ford requires different typologies of coordination and control systems (ControlRisks Group Holdings Ltd, 2016, p. 52). Typologies of coordination and control systems entail the differentcoordination systems that the Ford can use to enable its operations effectively. The most convincingcoordination and control system that the Ford can use is the Harzingâ€s classification scheme. This systemtends to use at least two dimensions including the direct and the impersonal dimensions to generatedifferent distinctive control groups (Control Risks Group Holdings Ltd, 2016, p. 60). Different control andcoordination systems include personal centralized control, output control, bureaucratic formalized controland control through socialization and networks (Control Risks Group Holdings Ltd, 2016, p. 54). By usingthe personal centralized control, Ford takes centralized decisions. In fact, personal centralized controlemphasis on personal leadership and direct supervision.IssuesWe recommend that XY Car Company manage its global supply chain through three differentways. First, XY Car Company can invest in IT. Managing global supply chain and suppliers meanconsistent interaction with data. As Daniels, Radebaugh, & Sullivan (2015) indicate, the significance ofmaintaining organized and information from budget numbers means that XY Car Company is managingboth its suppliers and supply chain. Another appropriate strategy that Ford can use in managing its globalsupply chain is by diversifying and appreciating its suppliers. The company can also looking for the rightexperts while trying to manage the suppliers.Marketing – NeneLike any other organization, Fordâ€s marketing mix in South Korea tends to operate under the 4Pâ€sof marketing: product, place, price and promotion (Ferguson, 2015). The fact that Ford is operating in aforeign nation means that the global marketerâ€s mix remains flexible, especially in modifying thecompanyâ€s product attributes (Global Edge, 2016, p. 30). Alternatively, with the international product,Ford’s product decision tends to adapt their promotional strategy.The Ford Company can use direct exporting as its main marketing strategy in the South Koreamarkets. Direct exporting entails selling the goods directly using the companyâ€s resources (Daniels,Radebaugh, & Sullivan, 2015, p. 102). Team Priority recommends XY Car Company establish a salesprogram that uses distributors and agents to represent it in the South Korea market.ReferencesFordâ€s marketing mix retrieved fromhttp://panmore.com/ford-motor-company-marketing-mix-4ps-analysisGlobal Edge. (2016b). South Korea: Economy. Retrieved fromhttp://globaledge.msu.edu/countries/south-korea/economyInternational Monetary Fund. (2015). Asia and Pacificâ€s outlook: Still leading global growth.Retrieved formhttps://www.imf.org/external/pubs/ft/reo/2015/apd/eng/pdf/areo0415c1.pdfControl Risks Group Holdings Ltd. (2016). RiskMap 2016. Retrieved from https://riskmap.controlrisks.com/Daniels, J. D., Radebaugh, & L. H., Sullivan, D. P. (2015). International Business: Environmentsand Operations (15th ed.). Upper Saddle River, NJ: Pearson Education, Inc.
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