For Subscribers

Editor's Note Ford vs. Firestone: Ain't PR grand?

By Karen E. Spaeder

Opinions expressed by Entrepreneur contributors are their own.

In the beginning, it was a beautiful relationship. If you lookat photos from back then, circa early 20th century, you'd thinkHarvey Firestone and Henry Ford were brothers. In one shot, thepair is seated comfortably in lawn chairs, clearly chucklingtogether about something, the true picture of synergy at itsfinest. And now, nearly 100 years later, one of the most notablebusiness partnerships in history is coming undone at the seams.

TalkBack
What do you think of Ford and Firestone'sresponse to this fiasco? E-mail bsumag@entrepreneur.com.

Last month, following intense debates revolving around thestability of either Bridgestone/Firestone Inc.'s tires or FordMotor Co.'s Explorer, Firestone CEO John Lampe elected to severall ties with Ford. The move comes after last year'stire-recall debacle, where both companies were implicated in aseries of deadly rollovers. Millions of tire recalls later, with noconcurrence on whether the injuries and deaths could be blamed oneither the shredded tires or the SUV, the two companies came to animpasse. And as impasses go, they had to part company-though theirfounding fathers might have felt differently.

Now, up until last month, there was the lingering notion thatFirestone and Ford could work together to resolve the tire fiasco.But that notion has essentially gone by the wayside: Ford, withExplorer sales plummeting, claims Firestone's tires are unsafe;Firestone, with its U.S. operations likewise taking it in the chinand public opinion of the company not exactly at its highest, ismaking similar claims about its former partner's SUV. Andthrough it all, all I can think is that both companies are focusingtheir efforts on rolling out hard-hitting PR campaigns, notnecessarily on resolving the crisis at hand: that there is somekind of serious problem with either the tire or the vehicle thathas resulted in death or injury for hundreds of people. There is alot of finger-pointing going on, and evidently not a lot ofproblem-solving-and frankly, I'm not impressed with eithercompany at this point, no matter who is to blame.

You may never find yourself in a quandary as grave as this one,but what if you do? How will you handle it? I do recognize theimportance of damage control vis-à-vis your bottom line, but Ialso think it's important to clean up your mess on allfronts before the problem gets worse-rather than try to sweep thebad news under the rug and hope no one lifts it up later. Yes, youdo need to worry about your financials. But at what price?

Karen E. Spaeder is a freelance business writer in Southern California.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Money & Finance

The Recession Mistake That Cost My Business $1.5 Million — and the Decision That Put Us Back on Top

Two recessions, two very different responses: One cost me millions, and the other grew my business 10% that same year.

Business News

UnitedHealth Group's Former CEO Is Returning to the Role — and Receiving a $60 Million Award

Stephen Hemsley is back in charge after leading UnitedHealth Group from 2006 to 2017.

Business News

Some Starbucks Employees Aren't Happy With the New Dress Code

Some Starbucks employees are walking out over the changes.

Buying / Investing in Business

Former Zillow Execs Target $1.3T Market

Co-ownership is creating big opportunities for entrepreneurs.

Side Hustle

She Quit Her Job at Trader Joe's After Starting a Side Hustle With $800 — Then She and Her Brother Grew the Business to $20 Million

Jaime Holm and Matt Hannula teamed up to build a business in an industry that "didn't exist" yet.