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With these cuts, Ford faces a few problems. The company is destroying an astronomical number of jobs during an era of higher unemployment rates; they're also losing key plants such as transmission and power train plants; resulting in a loss of production. It is a bold step for Ford, but if it is ineffective it could prove fatal for the future of the 102 year-old company.
After comparing this problem with the 5 functions of management, I found that this can be classified as two different functions of management. The first and most obvious function is that of "Staffing", the act of determining human resource needs or issues and attending to them...
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Common topics in this essay:
- Business in Jobs
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- Ford Motors Survival Attempt
- Ford Motors
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- Strategic Plan (General Motors)
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- The Business Vision and Mission
- The US rate cuts.
- Cash is the life-blood of any business and without it survival is very unlikely.
- Ford Focus
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