Total cost minimization Essay Example | Topics and Well Written Essays - 750 words - 1

Total terms minimization - Essay ExampleThis essay publisher provides a detailed discussion about information gathering, individual and teamwork, scripted communication skills, communication tools, professionalism, relationship, political economy and project perplexity in relation to crossway accompany and its bid to minimize its total cost Information gathering It has been necessary for Ford to conduct an internal investigation and gather information. The investigations have been to survey performance levels, safety concerns, employee misconduct, harm to property, sexual harassment, attitude, employee capability, and theft cases. Internal investigations be done to resolve challenges or avoid moral hazards. This has helped Ford company avoid substantial legal and financial costs. A severely done internal investigation could lead to negative effects much(prenominal) as negative publicity, mismanagement of employees from their work, a leeway to moral hazards among employees a nd negative impact on employee morale. These negative effects will hold unnecessary costs. The company has been thorough when it comes to internal investigation and corrective measures, and has managed to reduce the costs related to the mentioned effects. antecedent to engaging in any investigation, the technical team select among the alternatives methods, the cheapest and most effective, to reduce costs refer (Banham, Russ & Newman 24) 6. Individual and teamwork 6b. Individual and teamwork Working as an individual is beneficial amongst few persons who are productive when doing a occupation as an individual. However, Teamwork is fundamental for entrepreneurs. henry Ford, the founder of Ford Company was a great victor because he believed in teamwork. In 1947 Ford Henry said that working together eventually boosts success. This allowed the management team to ride on an indefinite mandate to set up skilled and motivated task force. It is cheaper to harmonize the goals of employee s with that of the Ford Company, than to face individual employees. The sense of team spirit will automatically work employees who appear incorrigible. Fords success is likely to rely on teamwork. (Hitt & Michael, p 15) Communication Skills a. written Communication is fundamental for success of an organization. Communication channels define the path that information follows from one employee to another. Ford Company has an effective communication channels both for external and internal communication between employees. Henry ford, founder of Ford Company considers listening as secret to success. Fords human imaginativeness department considers poor listeners as expensive employees. In bid to minimize communication related cost, vocal communication is preferred when exchanging private information within the Company. Written communication is also preferred when manipulation Company related information, which requires verification. Consequently, the company has a programme designed to develop employees writing and listening skills. Additionally, they are trained on cost effective use of the available communication resources (Hitt & Michael 21) 7c. Communication tools Ford Company has been using several communication tools to inform their customers on various products on offer. Among them are advertisement, sales endorsement, publicity, personal vending and public relation. Companies use various combinations of these tools for marketing purposes. Whereas promotion involves fee payment, sales promotion, public relations, and personal vending are not. In the companys attempt to minimize cost, it has resorted to use of communication tools such as sales endorsement, publicity, personal vending and public relations. They have involved a great recitation of the internet resources to reach their clients in various geographical locations. The internet resource has played a genuinely significant role in valuable time administration because numerous