P1: Applying appropriate frameworks analyse the impact and influence of the macro environment on a given organisation and its strategies. (Learner needs to define strategy and state the mission,...

Strategic Management
Strategic Management
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Contents
Introduction    2
LO1    2
LO2    10
LO3    16
LO4    21
Conclusion    26
References    29
Introduction
Ford's performance in this field is appreciable as the Asian market's political and financial stability makes it an ideal platform for some international business to do its industry. Ford's performance also has been somewhat satisfying so that the financial stability exists in this area as there is political stability in existence and the situation in Europe has not remained stable. There are a lot of obstacles due to political instability such as distribution network as well as supply chain which really impacts the business. There is a lot of risk in unstable political environment. The dynamic government setting makes situation of the uncertainty. Providing business environment, international business and government perspective on investment all factors affect Ford's business. Due to continuous evaluation appraisal, the company can significantly improve the timing of important distances affecting productivity. Effective execution of the value of the chain's value chain analyzes can improve the flow of content and products because of improved demand or sales forecasts (Kaplan & Norton, 2015). Investment management improves by reducing delay delays by tracking supply chain activities. Modern consumers are given the importance of rapid response as well as suitable access to significant product associated information. The Ford Value Chain can remove and remove barriers to the flow of information and its implementation information.
LO1
P1 Applying appropriate frameworks analyse the impact and influence of the macro-environment on a given organisation and its strategies
FORD COMPANY vision, mission and objectives    
Mission: FORD Company belief that freedom of the movement drives the human progress
Vision: To become whole world’s most trustworthy company, designing the smart vehicles
Objectives: The Company has to focus on mobile marketing in the last few years. Also providing service throughout the mobile phones may create better services for consumer. Such as Motor Part can be providing to consumer by online order, Customers can also claims after online sales which are convenient for customers.
Definition of strategy
The association needs to think about an average cost cutting framework that will be away for reducing the cost of the association's errands. This can be practiced by reducing the amount of authorities in the association assignment and utilizing the remainder of the labourers enough. The association should moreover participate in reconstructing venture to decrease the cost of making motor vehicles. This can be cultivated by remaking its structure frames so as to get a good deal on the cost spent in the amassing of the motor vehicles. Through the cost decline the association will no doubt have extraordinary cash related execution thusly incredible advantages. The association should develop its business areas in the making countries and endeavour to fabricate a not too bad customer base in these countries. This will give new market to the association things which will guarantee the association went before with benefit (Currah, & Wrigley 2014).
Role of strategy to achieve goals and objectives
The association should interface with its imaginative work office in making cars that are poor and have a low fuel use. This will engage the association to adjust to the changing examples in market, this is in light of the fact that the buyers today are very stressed over their spending on fuel whose cost is going up, and this has made extended enthusiasm for motor vehicles that usage fuel monetarily. If this is practiced Ford Motor Company will probably have conservative enthusiasm for its things.
Different strategic planning techniques
Benchmarking: Benchmarking is a methodology of assessing the display of an association's things, organizations, or techniques against those of another business saw as the best in the business, also called "top level."
Budget Planning: It involves distinguishing the wellsprings of salary and considering all present and future costs, with an expectation to meet a person's monetary objectives.
Business analysis: This is the exploration order for distinguishing business requirements as well as deciding answers for all the business issues (Turnbull et, al, 2011).
Stakeholder analysis: This is the initial phase within Stakeholder Management, the most significant process that fruitful companies and employees use to completely win good support from the others.
Stakeholder matrix: This is an undertaking the executive’s apparatus used to break down a venture partner to decide the activities which are important to adjust their objectives to the task.
Stakeholder mapping: This is the cooperative procedure of research, banter, and. exchange that attracts from diverse viewpoints to make choice about the key rundown partners of FORD Company over the entire partner range.
PESTEL Analysis
Political factors: Political factors for international major brands are a big threat. If the calm probable environment is profitable for company, distracted or unbalanced political environment may be troublesome as well as can lead to losses.
Economic Factors: A financial factor plays a significant role in Ford's business. Since the Asian Pacific region takes the lead in the international market during recession, both the countries of China and India have performed well for the international business by the trading economy. In such areas, the development of the financial system has attracted lots of international brands as well as companies to share with local people and access the Asian market. Financial development leads to a good rate of the employment, customer purchasing power, deductible income and a more environmentally friendly environment for the industries.
Social factors: Global brands such as Ford provide services in various markets, which mean that different communities and cultures, thus cultural and social elements play a significant role in business of industry. Culture diversity can interfere with the marketing efforts of business or the effectiveness of their sale. In the recent years, the Ford's focus is with clients moreover providing better consumer service to increase their confidence moreover creating a good brand image can ultimately result in high earnings and sales. The interest of people of the population also influences society and culture on the likes and likes of the people.
Technological factors: The concern of the security of the motor vehicle industry and environmental pollution has increased the importance of technical components. Ford is concerned about investing in technology. Hybrid engine demand, safety features, fuel reduction and carbon emissions are decreasing. A driver less car is expected to land soon, so Ford wants to invest $ 1 billion in driving a car for a driverless car and to be marketed by 2021 (Hall, 2013).
Environmental factors: Automotive industries are making electric vehicles HEVs of EV or hybrid electrical vehicle which do not have very little and no impacts on the environment. The environmental friendly vehicles are increasingly demanding due to increasing environmental awareness. According to the Ford, "Ford has a modern fuel saving technology facility in Hybrid and Electric vehicles, although they are operating in the electric mode, in gas mode and in combination with both, they adapt to the efficiency of these vehicles and simplify the plug-in hybrid vehicles using 240-volt outlets.
Legal factors: A law plays a significant role in the business profitability and freedom in the market. Ford - safety and Quality of the product, environmental laws, workers' laws, and tax moreover other laws may affect. The 1978 case, the faulty propaganda, the airbag, the failure breaking system is a problem which a Ford has brought in the last few years, focusing on the quality and security, and has worked ethically for legal compliance. Legal problems for a company are not just about losing confusion and millions but harming the company's ethical image which has become the main part of business with moral imagery (McMahon 2013).
M1 Critically analyse the macro environment to determine and inform strategic management decisions.
Advantages and disadvantages of PESTLE analysis
Political elements that affect Ford Motor Company's business Ford's important political reasons are follows as:
1. Government excitement for technical innovations
2. Government increasing global Trade Agreement
3. Increasing interest and effort of government for the infrastructure in a developing country.
Due to the agreement made by the political parties for the Ford Company, the agreement made by the parties to expand operations is to allow Ford to use government promotions. It will help business to enter the targeted foreign market, and in addition to focusing on improving the infrastructure of the developed countries. Accordingly, a Ford must try to meet the needs and understand opportunity to grow his business globally (Uzuegbu and Nnadozie 2015).
Economic Factors Important to Ford
The most important financial components of Ford are:
A. U.S. financial growth
B. Development rate of growth market
C. Strong US Dollar
The slow however significant growth of the financial system makes an opportunity for the Ford to grow because it’s the company's largest financial system. The profit is reduced because the dollar becomes stronger because raw material as well as automotive parts is produced in U.S. It was in the middle. To increase profit, the company should focus on efficiency
Social/Socio-cultural elements affecting Ford's environment:
The most significant social components of Ford are:
i. Increasing demands for electric and hybrid automobiles.
ii. Moderate attitude towards consumer service.
iii. Maximizing wealth gap
Ford's deeper growth policies require more emphasis on fulfilling customer preferences for changing productivity and addressing social cultural elements in his business.
Technological Factors in Ford’s Business
The external components of the most important technology in the Ford's company are follows as:
i. Increasing utilize of online compliance services.
ii. Optional fuel station limited network.
iii. Increase utilize of the mobile computing.
Ecological/Environmental Factors
The most important environmental factors in the Ford's company are:
i. Climate change
ii. Reduced Carbon tomorrow
iii. Rejection of oil storage
Ford may take benefits of opportunities created by the climate change through the product of products that may help in the environmental protection. Lower carbon emissions are one of the most sought after vehicles, so companies should focus on providing them. Alternative reserves of oil refineries or low fuel cars should be the solution, which will ensure the company's future (Law 2017).
Legal Factors
The outstanding external elements in the Ford's company are as follows:
i. Environmental Protection Rule (Opportunity)
ii. Increasing Safety Rule (Opportunity)
iii. Raising Intellectual Property Law around the World (Opportunity)
Sustainability may be improved by resolving the effects of the environmental protection regulations. Product change according to the safety regulations Ford may grow depends on the changes in inner regulatory landscape.
Ford Motor Company’s PESTEL/PESTLE Analysis – Recommendations
Ford has a great opportunity to increase and improve. Ford can increase innovative innovation in Ford products to address the challenges of climate change, demand for electric and hybrid automobiles and associated opportunities for related external elements. Ford provides opportunities for development through an international remote/macro-environment extension, particularly in high-development developing economies. In this way, Ford has to implement a global expansion strategy based on these opportunities (Aitken 2014).
Advantages and disadvantages of Porter’s five forces analysis
One benefit of Porter's model is that the company helps the company to compete in the business in which it may operate, because if the competition is running in that industry in which competition is low, those prices may be at a price, resulting in the company making good profits. In simple words, the company's price reduces the price of competitiveness and vice versa, and reduces the competitiveness of the competition and is proportionally proportional to the competition in the industry. The biggest loss of Porter's five-power model means that he only monitors the constituents and ignores the other conditions that the company is working on. That is why, for example, if a company is operating in an industry where all the five factors that have obstructed access to the company are immoral,...