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Swot Analysis Of ' The ' Ford '

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Background Ford is experimenting with ride-sharing services that are similar to Uber and Lyft in order to obtain growing acceptance and to determine new ways to expand its business. Uber has become a phenomenon that has transformed the market and is the go-to form of transportation for younger individuals. Uber is an app-based service that is easy to use and convenient for consumers living in urban areas. Uber is changing the market and car makers, such as Ford, fear that younger consumers will choose the convenience of ride-sharing services as opposed to purchasing a vehicle. The major advantage for younger drivers is that “individuals gain the benefits of private vehicle use without the costs and responsibilities of ownership,” which …show more content…

Promoting a car-specific ride-sharing service that is both national and international contributes to Ford’s long term growth and its expanding business. Problem Statement Consumers are changing their preferences on personal transportation by switching from purchasing vehicles to ride-sharing services such as Uber and Lyft. The changing market is having an increasingly negative impact on passenger vehicle sales. Alternative Solutions Developing and experimenting with competitive solutions for ride-sharing services in response to Uber and Lyft is the best strategy for automotive companies such as Ford. Services such as “GoDrive” and similar programs have been launched by Ford in London and Germany and received positive feedback “after a successful 100-driver pilot, where the company has opened the program to 1900 more drivers” (Feinburg, 2015). Due to the success of Ford’s “GoDrive” services, Ford currently remodels its ride-sharing services after each trial run to sustain its long term growth. An alternative solution that Ford must consider is to provide consumers, particularly younger individuals, with incentives to use its ride-sharing services such as “GoDrive” as opposed to Uber and Lyft. In order to create demand for Ford’s new services, the incentives must be advertised, so consumers are aware of the new “Uber-like” service. Once Ford’s ride-sharing service is widespread and accepted by

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