Ford Motor Company Stakeholders

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1. INTRODUCTION
The purposes of this assignment are to identify various stakeholders of Ford Motor Company and their respective interests, to analyse the conflicts between the stakeholder’s interests, and to identify both existing agency problems and possible agency problems that may arise in Ford Motor Company.

2. BACKGROUND OF FORD MOTOR COMPANY
Ford Motor Company is the second-largest automobile company in the world and they are one of the greatest automobile manufacturers of all time. Their major competitors are Toyota Motor Corporation and General Motors Corporation. Henry Ford, founder of Ford Motor Company, was responsible for changing automobiles into innovation that greatly influence and affect lives the 20th century until present.
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3.4 COMPANY EMPLOYEES
According to the Ford website, the company has employed ‘approximately 164,000 individuals at 69 plants, 41 distribution centres or warehouses, 56 engineering research/development facilities and 110 sales offices worldwide.’
Employees are treated as assets in the company considering that they can affect the success of the company especially the customer satisfactions where it can decide whether a customer will return or not.
The interests of company employees are to have job security, good sales, services as well as high wages, to get bonuses, rewards or recognition, to get promotions and to have better working conditions. Ford Motor Company meets these interests and needs of the employees by having a joint labour union or management safety committees that represents the employees and providing safety operations within the plants.

3.5 COMPANY
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3.10 COMMUNITY AT LARGE
In general, the interests of the community at large are the employment and employee pay provided to the society and taxes paid by the company to the local government, the company’s operation performance that involve the environment, working conditions, health and safety, and their support and participation in the public.
An example of these various range of individuals and groups included in the community at large is the pressure groups. They have specific interests in the business which are the customer satisfaction with the product, safety of the workers and customers, fair treatment and at least minimum wage paid towards the employees.

To meet and manage these interests is essential in order for Ford Motor Company to success in terms of reputation and operational productivity. Ford has to make sure to develop and maintain positive relationships with the communities and organize events that involve community services.

4. CONFLICTS BETWEEN STAKEHOLDERS’
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