Ford Motors a publicly held American automobile manufacturer was one of Americas largest automobile company by market capitalization and revenue. Henry Ford revolutionized the concept of transportation by inventing the first fuel-combustion vehicle in the 1920s. He had played the most significant role in the development of the US economy by giving birth to the automotive industry. It is not questionable that Henry Ford was on the right track, he constantly developed on his position as a engineer by conducting beneficial activities such as the innovation of the gasoline-combustion vehicle. After a century the ford company got run-over due to its sheer arrogance and indulgence in unsustainable resources such as fossil fuels. Decades past by and ford motor company continued its dependence on oil as a resource to function the car, this methodology was on the right track a century ago during Henry Fords time. Now with factors such as global warming, economic recession, the use of oil to operate vehicles is neither environmentally sustainable, nor economically viable for the company, which has lead the company to great losses, and become a classic example of what happens even when people are on the right track, but they do not implement new strategies, and sit there with century old technologies.
Frannie Mae, and Freddie Mac are financial institutions that are headquartered in USA, they deal with home-mortgages and various other house related equities to finance consumers to purchase homes. These companies started of during the great depression, where there was little money and everyone was relying on these companies to finance their purchases of residential property. At the time they were definitely on the right track, they had implanted a concept in which it revolutionized the concept of purchasing a property. Instead of home-owners having to go greatly in debt all at once, they could factor their debts over a period of time and pay a monthly mortgage to finance their property, this benefited the home-owners as they had time to pay of their debts, and it mutually benefited the company as they would receive a higher sum than if the property was purchased at once. They were definitely on the right track, but their decline resulted when the companies just sat there with a huge number of properties mortgaged out, but left with consumers who couldn’t pay their debts of within time.
In a rapidly fast evolving world today it is impossible to survive by just sitting there, to ensure your success in the journey of the right track, there are various progressions that have to be made to develop your concept even if you are on the right track at the given time. The Ford Motor company revolutionized the concept of transportation, but there downfall occurred as they sat there using the same oil technology that was being used a century ago. Fannie Mae, and Freddie Mac innovated new financial devices for home-owners to purchase property, but there decline occurred, when they sat there with a huge number of debts which didn’t get paid on time. Even though these companies were way beyond being on the right track, the fact that they just sat there and arrogantly did not implement any strategy to progress or develop there technology led to their failiure.
