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Executive Summary of the Ford Motor Company Essay
Ford Motor Company case studies
Ford Motor Company case studies
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Biographical Summary
Henry Ford was born on July 30, 1863, on a farm near Dearborn, Michigan. His only formal education was through fifth grade at the local schoolhouse, where he took an early interest in tinkering with steam engines. He left his family farm for Detroit at sixteen and became a mechanist apprentice. In 1888 he married Detroit local Clara Ala Bryant, and they had a child named Edsel. Ford briefly returned to farming to support his family. In 1891, Ford returned to Detroit and was hired as an engineer at the Edison Illuminating Company. Several years later, he handcrafted one of his first cars, the Ford Quadricycle. He left his job at the Edison Company to briefly serve as superintendent at his first car company, Detroit Automobile
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At the time that he started Ford Motors Company, most people did not drive cars, and hadn't even considered purchasing a car. Henry Ford is famously quoted saying, “If I had asked people what they wanted, they would have said ‘faster horses’”. His extremely successful Model T, nicknamed the Tin Lizzie, fundamentally changed the automotive industry. Ford understood that most of the American population was in the working class and could not afford to buy a car, so he decided to create a standardized vehicle for the masses. The Model T was durable, reliable, and most importantly, affordable. However, marketing strategies were crucial, since previously people hadn't even thought of buying a car. When Ford first introduced the Model T, he ensured that there was a great amount of publicity surrounding it in every newspaper possible to get the word out. Publicity is just as critical today if not more, and Ford understood that from very early …show more content…
The automobile went from being a toy for society’s elite to being an essential item within the economic reach of nearly every American, all thanks to the hard work and ingenuity of Henry Ford. His dedication to quality and attention to detail earned him not only dozens of racing titles, but also the reputation of a respectable businessman. Ford understood his market so well that he knew what the people wanted before they could even ask for it, always ahead of the curve. Ford was a pioneer of American commercialism, and so his production methods were centred around efficiency and mass production, thus allowing him to increase productivity and decrees cost to meet the demand of the masses. Lastly, consideration of the working class and philosophy of raising the wages instead of raising the price point and focusing only on profit. There are a great many lessons to be learned from distinguished businessmen in history, and Henry Ford is no
Fordism changed American industrial and consumer in many ways such as Henry Ford developed new techniques of car manufacturing and marketing that made it easier for ordinary American citizens to try themselves. After three years of establishing his company “Ford Motor Company” in 1905, Ford introduced to the American people “Model T” for which was a light-weight vehicle that can handle to cruise the country’s poorly maintained roads. In Europe for which the car that is mostly used over there is the “Mercedes” for which was targeted for high-class people of society over there and were superior in craftsmanship in the car manufacturing; however, Ford focused on mass production
Gerald Ford, the thirty-eighth President of the United States, was born on July 14, 1913 in Omaha, Nebraska to Dorothy Ayer Gardner King and Leslie Lynch King. Ford was named after his father, Leslie Lynch King Jr., who was later divorces by his mother because of domestic violence problems. After divorcing Leslie Lynch King, Ford’s mother moved the two to Grand Rapids, Michigan where she met Gerald R. Ford. Ford’s mother called her son Gerald R. Ford Jr., and his name was legally changed in 1935. Gerald Ford went to South High School where he shined athletically and academically. He then proceeded to go the the University of Michigan in Ann Harbor and majored in economics. Ford excelled at the sport of football and was voted the most valuable player in 1934. Because of his skills in football, Ford received two proposals from the Detroit Lions and the Green Bay Packers. Ford declined and chose to be a boxing coach as well as an assist at varsity football coach at Yale. Ford chose Yale because he wanted to practice law. Ford graduated with his L.L.B. (Bachelor of Law Degree) in 1941 and in the top twenty-five percent of his class. In the April of 1942, Ford joined the U.S. Naval Reserve and practiced physical fitness. Later in life, Ford would marry Elizabeth Anne Bloomer and they would have four children together.
Henry Ford’s development of the single and unchanging automobile model meant the possibility to concentrate upon a single cheap car for the masses. When The Ford Company began to make Model C for $900, Model F for a thousand, and Model B for two thousand, the profits began to drop more and more each year and progress was being made backwards. The Ford factory was taken control over by Henry who stopped the production of
Henry Ford I, the founder of Ford Motor Company, was born on a farm near Dearborn, Mi in 1869. From boyhood, he had a talent for engineering, but it was not until 1890 that he commenced his engineering career as an employee of the Detroit Edison Company. Ford’s superiors at the electric company felt his hobby distracted him from his regular occupation, and despite his promotion to chief engineer, he was forced to quit in 1899.
Henry Ford was born on July 30 in 1863 in Greenfield Township, Michigan he was one of the first American industrialists and wanted to make a difference in the automobile industry. Back then, before 1908 automobiles were expensive that only rich people could afford. Henry Ford wanted to change this and wanted everyone to have a vehicle to drive. He was able to accomplish this by the assembly line, in which it created more cars in less time. The first car Henry Ford made was the Model T created on the assembly line. Ford’s innovation in manufacturing created less expensive cars and higher wage jobs.
The First production of the Model T came out on October 1, 1908 at the Piquette Avenue Plant in Detroit. (www.hfmgv.org) At the time the Model T was going for a price around $850 and by the Twenties a newer model could be bought for at a price of $275.(Gordon) Although having a Model T, was a sign of wealth, it was awfully cheaper than other cars being manufactured by the other manufactures. The Model T was different from all other cars being made at the time because Ford found a way to make his car affordable. The Low Price of the Model T sent a boom around the nation. "Over the next 19 years, Ford would build 15,000,000 automobiles with the Model "T" engine, the longest run of any single model apart from the Volkswagen Beetle." (www.hfmgv.org) "In 1900 America produced 4,100 automobiles; in 1908, the year of the Model T's advent, the number had risen to 63,500; in 1909 it had nearly doubled, to 123,900. In 1916 it stood at 1,525,500." (Gordon)
Henry Ford was one of the most brilliant entrepreneurs in creating the automobile assembly line, it was his controversial characteristics and unorthodox approach towards administrating the Ford Motor Company which resulted in the conglomeration of one of the most successful corporations in the world. At the turn of the century everything was booming! The growth of the economy and stock market increased the job opportunities as well as morals. As a result of this industrial revolution, out of the woodwork came a humble yet driven man, Henry Ford. Between the five dollar/day plan, his policies on administrating the company, and his relations with his customers, Ford was often presented as a suspicious character. This controversial behavior epitomized the success of the company, it did not lead to his own downfall as many suspect. The Anti-Semitic accusations, and the belief that Ford was taking advantage of his customers, were by far overshadowed by his brillianc!e and strong hand in running his company.
The 1920’s was a time of great social, political, and economic change. The early automobile industry was no exclusion. It appears that throughout history, the figures that stand out the most are either worshipped or despised, and there is very rarely an in-between. Henry Ford, an icon of the 1920’s and the early automobile industry is no exemption. Many people love Ford for his innovative and entrepreneurial skills, while on the other hand, Ford is disliked by many due to his association with Anti-Semitism. Regardless of how Ford is viewed, many decisions he made significantly impacted the automobile industry. These decisions included installing the moving assembly line in his plant, and introducing the Five-Dollar Day. Through the implementation of the Five-Dollar Day, Ford was able to drastically change how the Ford Motor Company company operated, and how business would operate for years to come.
Henry Ford was born in Michigan and was the first of William and Mary Ford's six children. With his great imagination, he was fascinated by technology and spent lots of time inspecting watches and trinkets to see how things worked. (Auto 2). Henry began constructing things at a very young age since he did not have much interest in school. Ford learned at a young age the importance of money but since he was so young he failed to understand that staying in school and getting a degree would get you a good job and in turn get you money. Ford thought that if he did not attend school during the day he could work and make more money. Although this is different from what many people think when they hear one of the biggest and most largely known entrepreneurs but it is true. Ford dropped out of the school at the age of fifteen and began working at a relative’s farm. In 1879, sixteen-year-old Ford left home for the nearby city of Detroit to work as an apprentice machinist, although he did occasionally return to help on the farm. He remained an apprentice for three years and then returned to Dearborn. During the next few years, Henry divided his time between operating and repairing steam engines, finding occasional work in a Detroit factory, and over-hauling his father's farm implements, as well as lending a reluctant hand with other farm work. Upon his marriage to Clara Bry...
Model T’s were everywhere in America, even long after Ford stopped production in 1927. (Henry) While Ford was the number one brand, selling the most cars throughout the early 1900’s, the Model T created a new industry that is distinctly American; the auto industry. Three manufacturers, Ford, General Motors, and Chrysler dominated the American auto industry, and all three companies still produce cars today. The Model T gave birth to the competitive auto market. To this day, car companies in America are constantly racing to innovate, improve, and outsell their competitors. Manufacturing of cars “became the backbone of a new consumer goods-oriented society. By the mid-1920s it ranked first in value of product, and in 1982 it provided one out of every six jobs in the United States.” (history –idk yet) The demand for cars also resulted in a booming petroleum industry, and a high demand for metals, like steel. ( History idk yet) Furthermore, with so many people driving cars, construction of roads was necessary. The popularity of automobiles set off a chain reaction that created new opportunities all across the country. All sections of the modern automotive industry, from marketing to manufacturing, as well industries like petroleum refining, steel production, and road construction, can trace their beginnings to the Ford Model
He was a part of the transformation of the new world with his innovations in the engineering of the Model T. and introducing mass production along with giving consumers options. The Ford Motor Company produced safe and reliable vehicles that were made for everyone. Ford was seen as revolutionary and held to high standard of society in the World State. It was with Ford’s mass production of manufacturing it became
When Henry Ford was born on June 30th, 1863, neither him nor anyone for that matter, knew what an important role he would take in the future of mankind. Ford saw his first car when he was 12. He and his father where riding into Detroit at the time. At that moment, he knew what he wanted to do with his life: he wanted to make a difference in the automobile industry. Through out his life, he achieved this in an extraordinary way. That is why he will always be remembered in everyone’s heart. Whenever you drive down the road in your car, you can thank all of it to Henry Ford. Through his life he accomplished extraordinary achievements such as going from a poor farm boy to a wealthy inventor who helped Thomas Edison. When he was a young man, he figured out how to use simple inventions, such as the light bulb. He then taught himself the design of a steamboat engine. His goal was to build a horse-less carriage. He had come up with several designs and in 1896, he produced his first car, the Model A. When Ford’s first car came out, he had been interviewed by a reporter and when asked about the history of the car, he had said “History is more or less bunk.” Ford worked in Thomas Edison’s factory for years and the left to become an apprentice for a car-producer in Detroit. While working there, he established how he was going to make the car.
Henry Ford was one of the most important and influential inventors and businessmen in the short history of America. He revolutionized the business world and he changed forever the efficiency of factories around the world. One of the reasons that Henry Ford can be considered such an important man is that his ideas and concepts are still used today. Boron on July 30, in the year of 1863, Henry Ford was the oldest child of the family. His parents, William and Mary Ford, were “prosperous farmers” in his hometown of Dearborn. While they we’re well off for farmers, Ford certainly wasn’t spoiled and fed from silver spoons. Ford was just like any other typical young boy during the rural nineteenth century. From early on there we’re signs that Henry was going to be something more than a farmer. He looked with interest upon the machinery that his father and himself used for their farming, and looked with disdain at the rigorous chores of a farmer. In the year 1879, Henry being a meager 16 years old, he moved to the city of Detroit where he would work as an apprentice machinist. Henry would remain in Detroit working and learning about all varieties of machines. Although he occasionally came back to visit Dearborn, he mostly stayed in Detroit, picking up more and more valuable knowledge. This apprenticeship allowed him to work in the factories of Detroit and learn what a hard working blue-collar job was like. When he did return to Dearborn he was always tearing apart and rebuilding his fathers machines, along with the dreaded farm chores. Henry Ford was a hard worker and that was proven by him getting fired from one of his jobs in Detroit because the older employees we’re mad at him because he was finishing his repairs in a half hour rather than the usual five hours. Clara Bryant would represent the next step in now twenty-five year old Henry Ford’s life. The two lovers we’re married in 1888 and would endure good times as well as bad. In order to support his new wife Henry was forced to work the land as he ran a sawmill that was given to him by his father. His father actually attempted to bribe Henry to stay in the farming business as he gave him the land only under the condition that he would continue on as a farmer.
Born July 30, 1863 in Dearborn, Michigan, Henry Ford was the first child of William and Mary Ford. As a young man he became an excellent self-taught mechanic and machinist. At age 16 he left the farm and went to nearby Detroit, a city that was becoming an industrial giant. There he worked as an apprentice at a machine shop, while months later he would begin work with steam engines at the Detroit Dry Dock Co., where he first saw the internal combustion engine, the kind of engine he would later use to make his automobiles.
This paper takes a look at the ways in which the ideas of Fordism and Taylorism helped the success of the U.S motor vehicle industry. The motor vehicle industry has changed the fundamental ideas on the process of manufacturing and probably more expressively on how humans work together to create value.