Management
Harvey Firestone started Firestone Company in the year 1900. In 1906, Henry Ford chose Firestone Tires as the original equipment for the first mass-produced automobiles in America. Harvey Firestone, Henry Ford, and Thomas Edison were all very good friends. Their children eventually married, and the current chairman of Ford Motor Company (William Clay Ford, Jr.) is the great-grandson of Harvey Firestone and Henry Ford. Bridgestone was a Japanese tire company that was founded in 1931. After Firestone experienced some financial difficulty in the 1980's, the Bridgestone Corporation purchased them in 1988. In the year 1990, the two companies were then consolidated to form one company in the United States. The consolidation has remained up to this present day. We are all aware of the current issues of the deaths associated with tire failures, tire recalls, and the very public battle with Ford Motor Company. Following are some of the key issues that need to be addressed and recommendations to return this company to its previous days of success (see Appendix A for original organizational chart).There are several issues that would lend a company to consider the restructuring of their curren
· Legal issues with several worldwide auto leaders. Other options are also available such as filing for Chapter 11 protection, and switching some of its production of Firestone products to either the Bridgestone label or other private labels. These options are less likely to be implemented since they run counter to what many scholars familiar with corporate business practices in Asia, have called ``traditional corporate values'' within Japanese-owned firms. In conclusion, we feel that the issues we have addressed and the recommendations we have made will help to propel this organization forward. Some of these changes have already been put into motion; like the introduction of a new company president. We feel that regaining the consumer's confidence and trust is paramount and should be the main focus of this organization. to determine the root cause or causes of the company's recent tire problems, as well as settling · Lack of communication throughout the corporation.
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Approximate Word count = 1250
Approximate Pages = 5 (250 words per page double spaced)
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