Fordism Casestudy

LOVERME By LOVERME, 8th Nov 2013 | Follow this author | RSS Feed | Short URL http://nut.bz/rc-t_8pc/
Posted in Wikinut>Writing>Columns & Opinions

Fordism..This is a part of my case study on McDonald's How the subject progresses

Fordism

Fordism

At this juncture it will be essential for any management envisaging change and managerial staff, to learn about the most efficacious management known as Fordism, which brought about the management of change in the USA without compromising its brand.

The aspect of Fordism is the basis of all industry in the United States as it encompasses many aspects of modern management, as applicable to perhaps any conceivable industry round the globe. The foremost aspect of Fordism is to make workers as participants in any enterprise by making them benefit directly and or indirectly. This can be achieved by increasing workers wages, permitting them the buy products at reduced costs and shares in the company. Thus benefit directly in so many other ways, which would indirectly or directly make them interested participants and thereby improve upon the production, as well as profitability of the very organization they belong to.

Ford also used many creative and innovative ideas to bring about a radical change in his organization by centralization, standardization, economizing effort and improving the financial capability of his concern. Increasing mass production and mass consumption, even in house, helps in circulation of money and aids in a higher rate of economical efficiency. The aim of all this is to also reduce overheads in production and consumption, costs of carrying material and finances are also considerably taken care of. Total quality management, lesser involvement of many leaders or supervisors helps in reducing cost as well as affords better inventory management as highlighted earlier, i.e. costs of holding and carrying forward a larger inventory.

On the consumption side it ensures faster sales and quicker recovery efficiently thus reduction in high rates of interests and penalties on account of delays are also taken care of. These innovative ideas lead to what is best known as Fordism. Thus America benefited to a great extent in the mid 1940’s 1960’s.The automobile industry in the United States had taken care of reviving the economy of the country at a fast pace at that point of time.

What then is Fordism?
ThiIt is a system of mass production, as well as simultaneous mass consumption, with a view to promote the economy at a faster pace.This system also smacks as a Japanese system of, ‘flexible system of production’ or the Japanese management system of economy’

Fordism brought about a mass change in the auto industry
by way of thought, the way of life, the manner of working and concentrating all activities by standardization and centralization and thus spreading mass overheads to a larger quantum of production of goods. Standardization of products and mass central production, avoidance of repetition and most importantly centralized production were the major contributions of Fordism.

Explicitly speaking Fordism means

‘‘The standardization and mass production of products, at such a low price, that even a common man can buy and afford it, as well as enjoy the product and or service.’’

Tags

Business, Business Ethics, Business Intermet, Business Management, Business Opportunities, Business Planning Process, Business Study, Cases, Cases Rares, Fordism, Howard, Industrial, Industry

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The one and only LOVERME
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Comments

author avatar Mariah
8th Nov 2013 (#)

Get them told maestro!!
well written my friend

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author avatar LOVERME
8th Nov 2013 (#)

THANKS
...UR PR JOB
THIS ONE WAS WRItTEN FOR AN mba STUDENT UK WHO promised 200 dollars but ran away

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author avatar Stella Mitchell
8th Nov 2013 (#)

WOW !!! ...and Wow again !!!!
Bless you my friend .
Stella ><

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author avatar LOVERME
8th Nov 2013 (#)

thanks 4 wow 4 now

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author avatar Sivaramakrishnan A
8th Nov 2013 (#)

You are now a business guru too, Loverme or rather Guruji; written with passion. Now electric cars need infrastructure for quick charge, even change, of batteries with easy access points. Japan also perfected just-in-time inventory and component manufacturers supply to all as per their specifications. I wish for a breakthrough in renewable energy too through efficient use of solar energy - siva

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author avatar LOVERME
8th Nov 2013 (#)

Car batteries
Tell those guys to install two batteries...one in use and one can be simultaneously charged as the car engine runs along
..and when at home trigger the charge...
we guys don’t use brains...
my brain is being abused only...
maximum run is 200 km out station and within 100 in station where is the problem overcome inconvenience Shiva just convey this

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author avatar Paula Megginson
8th Nov 2013 (#)

good read!

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author avatar LOVERME
8th Nov 2013 (#)

k tnx

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author avatar Fern Mc Costigan
8th Nov 2013 (#)

Nice post and said as well!

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author avatar LOVERME
8th Nov 2013 (#)

k

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author avatar Randhir Bechoo
9th Nov 2013 (#)

Interesting.

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author avatar snerfu
10th Nov 2013 (#)

fordism is change that created a new lifestyle. good article. will come back for another read soon.

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author avatar LOVERME
10th Nov 2013 (#)

thanks

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author avatar Michelle Stanley
11th Nov 2013 (#)

WellI did learn about Fordism in a more interesting way reading your post, rather than listening to an analyst speak high tech. Thanks Loverme. Michelle

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author avatar LOVERME
12th Nov 2013 (#)

u sure do flatter me thanks

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author avatar Carol
12th Nov 2013 (#)

Great and strong post!

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author avatar LOVERME
12th Nov 2013 (#)

how glad am I
..u so appreciate
a quality most lack

so my standard thanks ma'am

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author avatar LOVERME
23rd Oct 2014 (#)

thank u for reading this

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