Ford Motor Company How an Effective Action Plan Can Be Created Free Essay Example, 750 words

An effective action plan can be created by initially stating explicitly and clearly the defined goals and the time frame for implementing these objectives. After this, strategies must be designed to outline how these goals would be achieved. The strategies must be clearly communicated to all personnel involved in ensuring that these are carried out and implemented. Strategies would include giving motivation to personnel and enforcing the company s code of discipline. Finally, the manager should monitor the progress of implementation against standards and schedules to determine if there are any deviations from plans, what the causes of the deviations are, and how these deviations affect the enforcement of the plans. Any significant deviations that drastically affect the attainment of defined objectives must be immediately addressed. 4. List at least three steps that make-up a workable plan and explain why each is important. To make a workable plan, the following crucial steps must b e enforced: (1) define the objectives or goals of the plan. This is important to give directions and guidelines for strategy development and implementation. (2) Create workable strategies and provide a system of rewards and sanctions. We will write a custom essay sample on Ford Motor Company: How an Effective Action Plan Can Be Created or any topic specifically for you Only $17.96 $11.86/pageorder now This step would enable both leaders and followers to implement strategies with enough incentives to improve productivity. Sanctions should also be in place to provide discipline in the workplace. (3) Monitor progress. There is a need for regular monitoring to determine the progress of the plans and to make the necessary corrections when needed. Discuss the option or combination of options you selected as the best course of action for Ford Motor Company and detail your reasons for selecting that option or combination of options. To improve the situation of Ford Motor Company in terms of their financial losses, the best courses of action are as follows: (1) focus on assembly lines and plants that produce cars that are higher in demand than trucks and SUVs (these units have been identified as not to be selling due to high gasoline expenses attributed to these vehicles).