Ford Mustang Assignment Example | Topics and Well Written Essays - 500 words

Ford Mustang - Assignment Example For instance, in order for an automobile company to remain relevant in the market, most of them employ the strategy of lowering their costs to attract customers. This has been the war witnessed between Toyota and Ford and General Motors Company as noted by John (1999). Political/Government factors also impact on the automobile industries strategic planning as government laws and regulations requires them engage in production of eco-friendly automobiles (John, 1999). John reports that due to environmental concerns, car companies are being forced to abide with the regulations aimed at mitigating the levels of pollution. For instance, car companies are expected to adhere to Average Fuel Economy, which took effect in 1975 (John, 1999). Failure to comply with these regulations attracts heavy fines, which proves costly to these companies. For instance, these regulations have forced most of these companies to engage in the manufacture of eco-friendly and fuel efficient cars (John, 1999). John reports that the governments bid top lower the rate of employment has discouraged Ford Motors for instance, from fully automating its operation, which would in a way take up local jobs. The same has been witnessed with General Motors Company and Toyota as well. Technological changes taking place all over the world requires technological changes within automobile industries (Reynolds and Lancaster, 2012). This is due to the fact that some companies in the automobile industry have come up with more eco-friendly, and fuel efficient cars that are on high demand. A case in point is the most recent electric car. This means that other companies have to emulate this in order to remain relevant and have a competitive advantage over other competitors. Economic trends are the changes that occur in the economies of countries across the globe. The automobile industry is among the industries largely affected by