Quote:
Originally Posted by Amaroo Park
In two words, Jac Nasser. He was the brain child behind all those acquisitions at Ford. All of which nearly sent them to the wall, (not the Great Wall mind you)
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When I was in business school, one of the major doctrines put across was "expand, expand, expand" and the more you acquire and the grow in size the better.
I fought a long and hard debate with professors and other students about that.
My argument was maybe sometimes that makes sense, but what is wrong with doing one type of product or service, really well with a lot of focus on quality and customer service and making a decent living for yourself and your employees? The only answer I could get was but, but, but and they never could counter my argument.
I think if Ford had just focused on doing a great job on making decent cars rather than trying to acquire every other car company out there, they would not have nearly died as a company. It's interesting once they have sold all these other companies off that their main products have improved dramatically.
It's interesting that Ford spent so much money on these other companies and in some cases like with Land Rover posting a $2 billion profit right before it's sale, that Ford got rid of these companies right as they were coming good.