This website uses cookies to ensure you have the best experience. Learn more

Henry Ford Essay

2614 words - 11 pages

Henry Ford

Biography Assignment
Econ 220 – Entrepreneurship
Instructor: Geoff Malleck
Submitted By:
Salvatore Curcio ID#20300001
Jenna Ortwein ID#20383970
Matthew Montgomery ID#20338248
Fatima Munir ID# 20239890
Kyle Georges ID# 20298815
“People can have the Model T in any colour--so long as it's black.” - Henry Ford

“All Fords are exactly alike, but no two men are just alike. Every new life is a new thing under the sun; there has never been anything just like it before, never will be again. A young man ought to get that idea about himself; he should look for the single spark of individuality that makes him different from other folks, and develop that for all he is worth. ...view middle of the document...

 Also, Henry was not one to accept others ideas.  For lack of better terms he was stubborn and power hungry.  He believed the stockholders were in the way of what he ideally wanted for the company.  
The idea of buying out a majority of stockholders was not beneficial to Ford because it limited his knowledge in the car industry, especially with the expansion of the car industry (General Motors).  Suggestions from others create greater opportunities in businesses and therefore having stockholders is beneficial.  All in all, it is not beneficial for any entrepreneur to buy out their stockholders just for the soul purpose of power - this decision could lead to failures down the road.     

What strategy did Henry Ford adopt to motivate his workers?

Henry Ford used ethical and unethical strategies to motivate the workers of his factories. The ethical methods were increasing wages to the $5.00 work day when average daily wages were only $2.34. Workers were lining up in masses when news of the $5 work day was released – clearly workers were motivated. The unethical methods used were the hire of service workers to instil fear and coercion among labourers, motivating them to work at a rapid (more efficient) pace.

Though he was never the same after his son had passed away, and they had collaborated on a model A that was proven successful, why do you think Henry Ford always put his son down?

Henry Ford put his son down and did not give his son credit for his great ideas due to the fact that Henry was stubborn and strived for power. Henry was very fearful of someone overstepping his goals in the empire of Ford Motor Company, an empire he had created. It was truly hard for Henry Ford to see his son as a successful man in the company Henry created.
Though in the biography we see the limitations of his stubbornness, is being stubborn a strength of an entrepreneur?

As a group we do not think that being stubborn a good trait for an entrepreneur because it limits suggestions by others and opportunities of the industry.  Although in Henry Ford’s case, his stubbornness helped him follow through with his ideas and pursue what he thought was right. He would not be president of Ford Company if it were not for his stubbornness.

How did Henry Ford’s failures lead to his success?

Henry Ford failed twice in the creation of his Ford Motor Company. The first time he failed was when he could not create enough vehicles as the demand was too high. With the struggle of the quadricycle production, Henry was forced to create another automobile, but this took time. Eventually, the Model A was created and a production line was created to keep up with demand. Here Henry Ford learned that he had to change production to become a more successful company and satisfy customers. In other words Ford, learned from the failure of not having enough production. Note...

Other Papers Like Henry Ford

Henry Ford Leadership and Short Bio

551 words - 3 pages controlled all parts of the car-building process, including producing the raw materials and owning rubber plants overseas * In 1908 all that changed line * Ford designed the Model T, the first car designed for the masses. * This design was made along a revolutionary moving assembly line and was made from interchangeable parts. * By 1918 half of all cars in America were model T-s Henry Ford’s Leadership Valued Workers Henry Ford

King Henry Essay

1040 words - 5 pages eventually married his first wife, Catherine of Aragon, who was once betrothed to Arthur, his oldest brother. Catherine, being the daughter of the Spanish king and queen, was a contributing factor as to why Henry agreed to join Catherine in matrimony, for Henry could remain in relations with Spain (Ford 18). Catherine and King Henry VIII gave birth to a daughter, Mary. This was unacceptable to King Henry because he anticipated continuing his

Ford Motors

1258 words - 6 pages incorporates an assortment of organizations, including holding organizations and land. Ford Motor was established by Henry Ford on June 16, 1903 and is headquartered in Dearborn, MI. Ford Motor Company's momentum vehicle line-up has gotten broad acknowledgment for its imaginative driver help and fuel-sparing advances, for example, six-speed transmissions and Eco Boost direct-infusion turbocharged motors, and in addition its lineup of traditional

Ford Motor Company

1868 words - 8 pages , tactics the company has implemented to achieve their strategic goals, and the role human resource management plays in helping the company achieve its business goals. Ford Motor Company Ford Motor Company is an American automaker that was founded by Henry Ford. The company was incorporated on June 16, 1903. The headquarters is located in Dearborn, Michigan. It is currently the fourth largest automaker in

Electrical Dependancy

1085 words - 5 pages the disassembly line in the meat packing plant and modified the process for assembly of his vehicles. “Ford did not conceive the concept; he perfected it” (Eye Whitness to History, 2005, p. 1). Henry ford began introducing assembly lines in his plants in 1913. Assembly lines permitted mass production at a substantial cost reduction and created job opportunities for less skilled workers. Assembly line workers stayed in one area constantly performing

Ford Motor Company

644 words - 3 pages Ford Motor Company Petris Irina Group 310 Contents General Presentation 3 Ford in Romania 4 Competitors 4 SWOT Analysis 5 Bibliography 6 General Presentation Ford Motor Company is an American multinational corporation which is ranked 3rd in the world in automobile production. Ford has always been in the top ten largest companies in the world by revenue and in 1999 was among the most profitable companies

Hanary Ford Modal

5201 words - 21 pages orHENRY FORD AND THE MODEL T O n May 26, 1927, Henry Ford watched the fifteen millionth Model T Ford roll off the assembly line at his factory in Highland Park, Michigan. Since his ‘‘universal car’’ was the industrial success story of its age, the ceremony should have been a happy occasion. Yet Ford was probably wistful that day, too, knowing as he did that the long production life of the Model T was about to come to an end. He climbed


2999 words - 12 pages incorporated Ford Motor Company, which was capitalized for $100,000 with twelve stockholders. The company produced 1,708 cars that first year. Today, Ford Motor Company is a US$160 billion corporation with some 350,000 employees in 200 countries around the world. In 1999, just over one hundred years after Henry Ford built the Runabout, Ford Motor Company manufactured 7.2 million vehicles worldwide. The Challenge Ford’s roots are grounded in harnessing

Ethics Ford Pinto

1241 words - 5 pages Pinto was the responsibility of Ford’s CEO Henry Ford II and Ford’s new president Lee Iacocca. Iacocca reduced the average production of a car from three and a half years to a little over two years. Iacocca was aware that during crash testing the Pinto’s gas tank exploded upon collision but was desperate to expedite the vehicle’s release on his deadline. After the discovery of the Pinto’s faulty gas tank, Ford’s president decided it would be

Investing in Ford

1566 words - 7 pages in a short span of time. Under his effective leadership, FORD survived the worldwide financial crisis without the government bailout money, at a time when Chrysler, its competition was in the verge of filing a chapter 11 bankruptcy, and General Motors was to follow suit in a few months from then. 2) Vision : Henry Ford wanted to make every employee a partner in the drive for success. This sort of commitment to employee satisfaction is the

Pinto Fires

1056 words - 5 pages the benefits from fixing the vehicles only saved society 49.5 million dollars then the costs exceeded the benefits by 88 million dollars. 3. Identify at least five relevant affected parties. * Henry Ford II and Ford Motor Company * Richard Grimshaw, his neighbors’ family, and the other people who were burned or killed because of the fires. * Customers who purchased Ford Pintos * Myself (the recall coordinator) * Lee

Related Essays

Henry Ford Essay

559 words - 3 pages Henry Ford At the beginning of this semester, I chose Henry Ford from the American History as the subject of my research project. I chose Henry Ford as the subject because I learned something about him when I was a high school student. And I have a car of Ford, but I didn’t remember anything about Henry Ford now. Therefore, I decided to choose Henry Ford as the subject of my research project because I want to know more detail about Henry Ford

Henry Ford Essay

2642 words - 11 pages Henry Ford: Changing Management xxxxxxx xxxxxxx Table of Contents Page Introduction 1 Background Information 1 The Mass Production of the Automobile 2 Labor Innovations 4 Ford’s Management Style ...............................................................................................................5 Conclusion 7 References 9 Introduction “More than a carmaker, more than an

Henry Ford Essay

843 words - 4 pages Henry Ford was born July 30, 1863 to parents William and Mary Ford. He was the first of the six children that the Ford family had. He was born in what is now Dearborn, MI and lived with his family on their farm. They weren’t rich but they weren’t a poor family. They were considered to be a prosperous family. Henry grew up enjoying his childhood where they went to get his education in a one-room school and did his daily chores on the farm

Henry Ford Management Essay

537 words - 3 pages Motor Company was incorporated in 1903 with Henry Ford as vice-president and chief engineer. The infant company produced only a few cars a day at the Ford factory on Mack Avenue in Detroit. Groups of two or three men worked on each car from components made to order by other companies. Henry Ford realized his dream of producing an automobile that was reasonably priced, reliable, and efficient with the introduction of the Model T in 1908. This