What value can you get from Ford's strategy?
Ford is a global automotive company that has a long history of success and innovation in the industry. Its strategy can provide valuable insights and inspiration for other organizations looking to develop and execute effective strategies of their own. By studying Ford's strategy, organizations can learn about best practices and industry trends, identify opportunities for new product and service offerings, gain insights on competing in the global market, and learn how to adapt to changing market conditions.
What's included in the Ford strategy template?
- 4x Ford Focus Areas
- 6x Ford Objectives
- 15x Ford Projects
- 12x Ford KPIs
Who is the Ford strategy template for?
The Ford Strategy Template may be useful for a variety of business leaders and teams who are looking to develop and execute effective strategies for their own organizations. This template can be used by organizations that operate in industries or markets that are similar to those in which Ford operates. However, the template is 100% customizable and is also be useful for organizations in other industries or markets as a source of inspiration and guidance for developing effective strategies.
How is the Ford strategy template relevant to your organization?
The Ford Strategy Template is relevant to any organization as a source of guidance and inspiration for developing and executing effective strategies to achieve its goals and objectives. This template offers inspiration for new ideas and approaches; gives insight into best practices and industry trends; and provides ideas for adapting to changing market conditions based on the strategy of one of the biggest automotive brands worldwide.
1. Define clear examples of your focus areas
Focus areas are broad categories used to group problems or challenging areas within your organization. Creating focus areas helps guide your organization on what areas are a priority to work towards.
An example of a focus area within the Ford strategy template is: Electric Mobility.
2. Think about the objectives that could fall under that focus area
A strategic objective usually has to be specific and measurable to cause enough impact and effectively explain what you want to achieve.
An example of an objective within the focus area 'Electric Mobility' within the Ford strategy template is: Create incredible electric vehicles and digital experiences for new generations of Ford customers.
3. Set measurable targets (KPIs) to tackle the objective
A KPI is a key performance indicator that is measurable and evaluates the success rate of an organization in relation to the task at hand. KPIs can be very industry-specific or broad and applicable across multiple industries.
An example of a KPI for the objective ‘Create incredible electric vehicles and digital experiences for new generations of Ford customers’ in the Ford strategy template is: Increase sales of our electric models by 20%.
4. Implement related projects to achieve the KPIs
Projects are ways in which the objective can be achieved, but more so, closely tie in with ways in which organizations can make sure they are working towards their KPIs.
An examples of a project within the Ford strategy template is: Develop the Ford Model E auto business.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Make sure your strategy is front and center with Cascade. You can plan, execute, measure and adapt your strategy in one easy-to-use platform and make sure your strategic plan is connected to on-the-ground execution.
Get inspired by the Ford strategy template and launch your strategy in Cascade; it’s $0 forever.