Why U.S automobile company such as Ford had great lost in 2006 and how Essay

Why U.S automobile company such as Ford had great lost in 2006 and how it influences on the U.S auto market - Essay Example (Isidore) Plans to cut-off more jobs were also announced and more than half of its U.S. hourly workforce had already agreed to take one of its buy-out schemes in the next few months. For the first time, Ford Motors is mortgaging its total assets to finance all of this restructuring. It hopes to raise $18 billion from its factories, equipment, office buildings, patents and trademarks, and stakes in subsidiaries; an amount that exceeds the company's total market value of all its outstanding stock by more than $2 billion. This move has never been done before as Ford Motors' credit line has always been good and it can borrow money without mortgaging its assets (Bunkley) So what is really happening to Ford Motors and the U.S. automobile industry as a whole Why is it losing so much while its overseas counterparts like Toyota and Honda, are moving towards the opposite direction Declined Sales, Quality Issues, Marketing Strategy, Labor Cost Discrepancies, Productivity and Currency Exchange Rates are the principal factors. Declined Sales - Overseas Automobile makers share in the U.S. market had steadily grown through the years. Chart 1 shows how Japan and the European markets had slowly crept up in market share from the 70s to the present, a trend that had Toyota surpassed Ford Motors as being the second biggest seller of automobiles in the U.S. This loss in the market share however, is not experienced by Ford Motors alone but by practically all U.S. automobile manufacturers as well. Honda has exceeded Chrysler in sales and is almost catching up with Ford. On the other hand, General Motors has not had the lowest share in new car and light truck sales since the 1920s. (Train & Winston) The pickup trucks, though still considered as the nation's best selling vehicle, also experienced very low consumer demand in 2006. Ford Motors' F-series pickups, regarded as one of its main product lines had a major sales drop exceeding 100,000 units. (Isidore) This shows the magnitude of the dire state the U.S. car makers are facing. With surging oil prices in the world market, consumers are opting for the more fuel efficient smaller cars, vehicles that does not guzzle gasoline like light trucks do. With this preference shift, U.S. automakers, such as Ford Motors are left with many truck factories that can't afford to be operational but stay inactive. Adjusting to the changes, U.S. car makers are not only closing their truck factories but have re-focused towards the smaller "cross-over" type cars which are scaled down versions of SUV. While GM announced its plans to shift towards building more small vehicles in the Beijing auto show last year, Ford Motors also confirmed that it will cease its Freestar minivan production and redirect its focus on building more crossover vehicles (CBC) Quality Issue - Sales drop due to quality issues is totally another story. Of this year's "Top Picks" lists based on the annual Consumer report, all picks are vehicles made by Japanese automakers. It has been two years in a row that no American cars made it to the list. To merit a Consumer Reports' recommendation to the "Top Pick", the car must pass certain criteria like reliability, safety,

Leadership in Health Care Organizations Practicum Coursework - 14

Leadership in Health Care Organizations Practicum - Coursework Example Our entire organization was sealed in a way for the safety precaution purpose. Along with my team, especial health team was also overlooking the patient’s case. We were either prohibited to approach the patient unnecessarily. When I and my team went to give the initial treatment to the patient, then I examine that it might not be small pox. I immediately inform my leader to run some blood tests, before beginning the small pox precaution treatment. My leader humiliated me, and disagreed. Patient’s condition was not getting better with the given treatment. His condition was getting more critical. I hardly managed to conduct some tests of patient, to come up with a proof. I presented the tests result to my leader with a proof that, it is some other skin allergy containing identical signs of small pox. I asked my leader to agree with my observation, trust and stop the wrong medical treatment. On getting the patient worst, my leader eventually gave importance to my evaluatio n and made the especial health control team to cope up with me. As soon as the treatment given to the patient was replaced, it confirmed the misjudgment of small pox taken by my leader. Patient’s overall condition got stable and in control. Patient had some other skin disease, which was absolutely treatable. I was glad that my leader put down his stubbornness for a while, by giving the significance to my experience so far. That was the time, I really felt myself well acknowledged and educated in my working field. Leader can’t always be right. Sometimes the situations come across, which could probably mislead a leader’s examination over his team members. By doing the right thing at the right time, we as a team were successful in saving the life of our patient. Our organization was unsealed, and the inside working was switch onto usual. The outcome which can be taken by this experience is that, humility is