Essay about The History of the Ford Motor Company

Essay about The History of the Ford Motor Company

Length: 3136 words (9 double-spaced pages)

Rating: Powerful Essays

Open Document

Essay Preview

Like most great enterprises, Ford's beginnings were modest. The company had anxious moments in its infancy, balancing precariously on the brink of bankruptcy until cash inflows from sales began. The earliest record of a shipment is July 20, 1903, approximately one month after incorporation, to a Detroit physician. With the company's first sales, came a ray of hope. A worried group of stockholders, skeptically eyeing a bank balance that had dwindled to $223.65, breathed easier, and a young Ford Motor Company had taken its first step. During the next five years, young Henry Ford, as chief engineer and later as president, directed a development and production program which started in a converted wagon shop on Mack Avenue in Detroit and later moved to a larger building at Piquette and Beaubien Streets In the Ford Motor Company's first 15 months, 1,700 Model A cars chugged out of the old wagon shop. Between 1903 and 1908, Henry Ford and his engineers used the first 19 letters of the alphabet to designate their creations, beginning in 1903 with the first Model A. Several of the car models were experimental only and never reached the public. Of the eight early models produced, the most successful was the Model N -- a small, light, four-cylinder machine which went on the market at $500. A $2,500 six-cylinder luxury car, the Model K, sold poorly. The Model K's failure, along with Mr. Ford's insistence that the company's future lay in the production of inexpensive cars for a mass market, caused increasing friction between Mr. Ford and Alexander Malcomson, a Detroit coal dealer who had been instrumental in purchasing equipment and raising the original $28,000 of cash for working capital. As a result, Mr. Malcomson left the company and Mr. Ford acquired enough of Malcomson's stock to increase his own holdings to 58-1/2 percent. Mr. Ford became president in 1906, replacing John S. Gray, a Detroit banker who had served as the company's first president. Squabbles among the stockholders did not threaten the young company's future as seriously as did a man named George Selden. Mr. Selden had a patent on "road locomotives" powered by internal combustion engines. T o protect his patent, he formed a powerful syndicate to license selected manufacturers and collect royalties for every "horseless carriage" built or sold in America, attempting to monopolize the...

... middle of paper ...

...ommitment to bring the entire Ford global organization into a single operation by the year 2000. Ford 2000 created a single, global management team. This has allowed the company to eliminate duplication, initiate best practices, use common components and designs for the advantage of scale, and allocate resources to wherever they are needed to best serve market needs. Ford 2000 combines the power, resources, and reach of a world company with the immediacy, the intimacy, the agility, and the spirit of a small one. This was accomplished with the creation of five vehicle centers. Ford 2000's strength is that it fully utilizes the company's depth of human diversity. Ford believes that diversity will be the engine that drives the creative energy of the corporation of the 21st century. Successful companies will be those who are able to draw on this diversity, to stay on the innovative and competitive edge of their fields. So the company that started this century with a single man envisioning products that would service more people is ending the century with a global organization that retains and expands Ford's heritage of serving people, inside and outside of the Ford global community.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay about Ford Motor Company Is A Prosperous Business

- Introduction The Ford Motor Company has been in business since the nineteenth century, and it has enjoyed a rather successful run as one of the top automobile-making industries in the United States. Ford Motor Company is a prosperous business because of strategic planning and changes that it was willing to take a risk on developing and implementing. Successful corporations have to adapt to the constantly changing environment or the company will be doomed to failure. In other words, customer shopping habits change as new products are introduced to the market or when other factors beyond Ford Motor Company’s control affect which vehicles are sold....   [tags: Ford Motor Company, Assembly line, Henry Ford]

Powerful Essays
1348 words (3.9 pages)

The Legacy Of Ford Motor Company Essay

- It seems like most cars on the road today are Fords.  No matter the shape nor model the iconic blue logo always Seems to stand out.  Ford began in 1890 when its legendary founder Henry Ford built the first ever Quadricycle.  In 1903 Ford Motor company becomes incorporated, and in 1908 Ford introduces the first ever Model T.  Fast forward to present day and Ford is still making innovative additions to their vehicles especially when it comes to technology.  Over the past 126 years Ford Motor Company has been both successful and profitable.  They attribute their success to their work in local communities as well as their ability to Franchise their brand throughout the nation....   [tags: Ford Motor Company, Henry Ford]

Powerful Essays
838 words (2.4 pages)

Case Study : Ford Motor Company Essay

- I can recall when my older sister in the 70’s had purchased a shiny new Ford Pinto and pulled it into the driveway. She used at that time what she thought was her best judgment along with an economical price but only to be succumbed by our Dad when he realized what she purchased. Ford Motor Company in the late 60’s were being overtaken by other countries car manufactures in the subcompact market. The Volkswagen Beetle was still formidable, and the VW Rabbit was on the drawing board. Datsun and Toyota were readying new models....   [tags: Ford Motor Company, Ford Mustang, Henry Ford]

Powerful Essays
1259 words (3.6 pages)

Essay on Ford Motor Company : Development Of A New Car

- In the summer of 1967, Ford Motor Company began the development of a new car that would place it in the small-car market (Mark Dowie, 1977, p. 1). This automobile was named the Ford Pinto and would grow to become its biggest-selling subcompact vehicle (Mark Dowie, 1977, p. 2). Back in the mid-1960s, Ford’s then president had been involved in a collision that resulted in his car’s fuel tank bursting into flames (Mark Dowie, 1977, p. 1). With this occurrence, one would have imagined that the company would become aware of the fuel tank danger associated with collisions, however the reverse was the case....   [tags: Ford Pinto, Ford Motor Company]

Powerful Essays
1565 words (4.5 pages)

Ford Motor Company : A Time Of Great Social, Political, And Economic Change

- 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....   [tags: Ford Motor Company, Henry Ford, Assembly line]

Powerful Essays
1250 words (3.6 pages)

Essay on Ford Motor Company: The River Rouge Manufacturing Complex

- Ford Motor Company: The River Rouge Manufacturing Complex The first piece of material I gathered was a picture via the internet. This picture is of the River Rouge assembly plant in Dearborn, Michigan. This picture shows the manufacturing of the fender for a Ford Motor Company product. It also shows the facilities of the Rouge plant and how the plant itself was state of the art. This plant was the largest of its kind at the time of its construction. The Ford Motor Company at the time was one of the leaders in labor relations....   [tags: American America History]

Free Essays
794 words (2.3 pages)

SWOT Analysis: Ford Motor Company Essay

- A mutual fund manager is a person who actively buys or sells and sometimes both funds. They are experienced in implementing a funds strategy used for investing and manages its trading activities as well as the portfolio. Choosing whether or not to invest in Ford Motor Company will take the use of a SWOT analysis and learning about the stakeholders of the company. Business Analysis Part 1: Ford Motor Company There are a lot of factors to think about as a mutual fund manager when deciding whether to invest in a company....   [tags: Corporate Profile]

Powerful Essays
1495 words (4.3 pages)

Ford F 150 A Winning Powertrain Combination Essay

- For 2017, the Ford F-150 receives a winning powertrain combination. The Ford F-150 is changing. Again. For 2017, the current-generation F-150 reaches its third model year and receives a pair of significant updates: an all-new EcoBoost engine as well as the first production 10-speed automatic transmission offered by any manufacturer. The 2017 Ford pickup truck goes on sale this fall. EcoBoost Improvements EcoBoost represents Ford’s trademark describing its family of turbocharged and direct injection gasoline engines....   [tags: Pickup truck, Ford F-Series, Ford Motor Company]

Powerful Essays
740 words (2.1 pages)

Henry Ford 's Fascist Sympathies Essay

- Henry Ford’s Fascist Sympathies Henry Ford, founder of Ford motor company, is most well known as an icon of American manufacturing and ingenuity. A lesser known aspect of Ford’s history is his fascist leanings and blatant anti-Semitism. Ford ruled over Dearborn Michigan as a de facto dictator, employing fascist tactics to control his workforce. His anti-Semitic writings influenced Adolf Hitler, who expressed admiration for the famed automobile industrialist. Ford’s company was instrumental in supplying the German military with vehicles during World War II even as they refused to assist the allies....   [tags: Ford Motor Company, Henry Ford, Dearborn]

Powerful Essays
1248 words (3.6 pages)

Essay about Ford Motor Company

- Ford Motor Compnay HISTORY Henry Ford was an engineer from Detroit, Michigan who had an idea. By 1902, Ford had attempted several times to produce a gas powered vehicle, but with little capital, he realized that his attempts were futile. Ford approached a man by the name of Alexander T. Malcomson about the possibility of manufacturing an automobile. Malcomson, a friend of the family and wealthy coal merchant was reluctant at first but finally agreed with Ford, and decided to assit Ford financially with his endeavor....   [tags: GCSE Business Marketing Coursework]

Powerful Essays
1848 words (5.3 pages)