Henry Ford was an American industrialist, best known for his pioneering
achievements in the automobile industry. From humble beginnings he was able to
create a company that would rank as one of the giants of American and World
industry long after his death. There is no doubt that Henry Ford was a
successful business man. The Ford Motor Company, Henry Ford’s legacy, has left
its mark on every continent in the world. However, Ford didn’t gain his success
solely on his innovation in the automobile industry. He was a friend to the
middle class public as well as the workers in his factories. For this he was
rewarded with financial success by the same people he looked out for. Moreover,
he repeatedly gave back to society through donations, philanthropic foundations,
and the creation of organizations that would help to educate and benefit the
people. Henry Ford was a man who gained world-wide business success through his
innovative ideas, brilliant management skills, and down-to-earth tactics.
Henry Ford was born on a farm near Dearborn, Michigan, on July 30, 1863,
and educated in district schools. He became a machinist’s apprentice in Detroit
at the age of 16. From 1888 to 1899 he was a mechanical engineer, and later
chief engineer, with the Edison Illuminating Company. In 1893, after
experimenting for several years in his leisure hours, he completed the
The Essay on Ford and the World Automobile Industry
Changes in the structure of the auto industry The 1965-1972 automobile industry was a low competitive environment, and as a consequence was a profitable industry. Indeed, during this period: ?Industry rivalry was rather low: ?The automotive market was fragmented into separate national markets and the primary concern of manufacturers was their domestic sales. As a consequence only a few competitor ...
construction of his first gasoline engine. His first automobile was completed
in 1896. The body was a small crude wooden box, it had a single seat, a
steering tiller, bicycle wheels, and an electric bell on the front. In 1903 he
founded the Ford Motor Company.
At first, like his competitors, he made cars that only the wealthy could
afford. But later he came to believe that every man, no matter what his income,
should own a car. This resulted in the inexpensive “Model T” in 1908. It
brought great financial success to his company. The Model T was in production
until 1927 when it was discontinued in favor of a more up-to-date model. While
in production the company sold over 15 million cars. In 1913 Ford began using
standardized interchangeable parts and assembly-line techniques in his plant.
Although Ford neither originated nor was the first to employ such practices, he
was chiefly responsible for their general adoption and for the consequent great
expansion of American industry and the raising of the American standard of
living. By early 1914 this innovation, although greatly increasing productivity,
had resulted in a monthly labor turnover of 40 to 60 percent in his factory,
largely because of the unpleasant monotony of assembly-line work and repeated
increases in the production quotas assigned to workers. Ford met this
difficulty by doubling the daily wage then standard in the industry, raising it
from about $2.50 to $5. The net result was increased stability in his labor
force and a substantial reduction in operating costs. These factors, coupled
with the enormous increase in output made possible by new technological methods,
led to an increase in company profits from $30 million in 1914 to $60 million in
1916.
Ford believed that most of the profits should be used to increase the
size of the company’s factories. This was an unusual practice at the time. The
other stockholders wanted to split the profits among themselves in the form of
dividends. Ford didn’t like opposition in his company so he bought out all the
other stockholders in 1919. Within the ensuing few years, however, Ford’s
The Term Paper on Henry T Ford Company Car Automobile
... 1937 a 1941 ford company became the only major manufacturer of automobiles in the Detroit area that had not recognized any labor unions. At ... of the car. Ford also raised the standard wage from $2. 50 to $5. This increased the stability in his labor force and ... W. II (1945) one of his plants manufactured more than 8, 000 planes. Henry ford died on April 7, 1947, in Dearborn. ...
preeminence as the largest producer and seller of automobiles in the nation was
gradually lost to his competitors, largely because he was slow to adopt the
practice of introducing a new model of automobile each year, which had become
standard in the industry. During the 1930s Ford adopted the policy of the yearly
changeover, but his company was unable to regain the position it had formerly
held.
In the period from 1937 to 1941, the Ford company became the only major
manufacturer of automobiles in the Detroit area that had not recognized any
labor union as the collective bargaining representative of employees. At
hearings before the National Labor Relations Board, Henry Ford was found guilty
of repeated violations of the National Labor Relations Act. The findings against
him were upheld on appeal to the federal courts. Ford was constrained to
negotiate a standard labor contract after a successful strike by the workers at
his main plant at River Rouge, Michigan, in April 1941.
Early in 1941 Ford was granted government contracts whereby he was, at
first, to manufacture parts for bombers and, later, the entire airplane. He
thereupon launched the construction of a huge plant at Willow Run, Michigan,
where production was begun in May 1942. It was said the plant could produce a
bomber an hour. Despite certain technical difficulties, by the end of World War
II (1945) this plant had manufactured more than 8000 B-24 Liberator Bombers and
other military planes.
Ford was active in several other fields besides those of automobile and
airplane manufacturing. He was nominated for the office of U.S. senator from
Michigan in 1918 but was defeated in the election. In the following year he
erected the Henry Ford Hospital in Detroit at a cost of $7.5 million. He
established the Greenfield Village which is a group of American Historical
buildings and landmarks and he created the Henry Ford Museum in Dearborn which
exhibits man’s progress in many fields. Also, he donated large amounts of money
to the philanthropic Ford Foundation which is currently one of the world’s
The Essay on Ford Motor Company
... Drawing Conclusions on Henry Ford. University of Michigan: Ann Arbor, 2001. Rupert, Mark.Production Politics and Ideological Struggle at Ford Motor Company. Producing Hegemony. 1st ... buy a piece of Henry Ford's genius as well as a part of America itself. To a large extent, we can trace ... World War II. Meant to bring stability to the organization, the five-dollar day was introduced as part of a larger ...
largest. In 1919 he became the publisher of the Dearborn Independent, a weekly
journal, which at first published anti-Semitic material. After considerable
public protest, Ford directed that publication of such articles be discontinued
and that a public apology be made to the Jewish people.
Advancing age obliged Ford to retire from the active direction of his
gigantic enterprises in 1945. He died on April 7, 1947, in Dearborn, Michigan.
Ford left a personal fortune estimated at $500 to $700 million, bequeathing the
largest share of his holdings in the Ford Motor Company to the Ford Foundation.
Ford revolutionized American and consequently World industry with his pioneering
use of the assembly line production method. He turned a small local car company
into one of the world’s largest industrial companies. Henry Ford was a great
businessman and a great human being. He proved that success cannot simply be
attained with a good product. He accomplished what many aspire to, but few
actually achieve. He was able to combine his technological know-how, and
innovative ideas with brilliant managerial practices and respect for his workers
and customers. Adding in his philanthropic tendencies, it is obvious that Henry
Ford is a perfect model of how to be successful in business and in life.
