The Legacy Of The Ford Motor Company - 1023 Words

On June 17, 1903 the Ford Motor Company was organized. The date is the day the deal started for Henry Ford not because the company had his name, the day all his hard work would start to payoff. To look at the deal from just one day would not do justice to the brilliant way and intertwined ways Henry Ford took the world by storm. From the start in Ford’s garage to the offices of lawyers, and then on to control of the largest automotive companies in the world one can see the deal was just a key to Mr. Ford’s future. To start, Henry Ford was born on a family farm during the Civil War. This is what would drive Mr. Ford; not wanting to be a farmer and wanting to work on machinery. Unsatisfied with farm work, Ford left home the following year, at the age of 16, to take an apprenticeship as a machinist in Detroit. In the years that followed, he would learn to skillfully operate and service steam engines, and would also study bookkeeping. Later Henry Ford would work for the Ed ison Lighting Company as an engineer, later Ford would become chief engineer. Ford got a chance to meet Thomas Edison and showed Edison his plans for his first horseless carriage. This meeting would lead to a friendship that would help Ford when designing his assembly line. Another account of Ford’s early years says, â€Å"In 1879 he left the farm to become an apprentice at the Michigan Car Company, a manufacturer of railroad cars in Detroit. Over the next two-and-one-half years he held several similar jobs,Show MoreRelatedThe Success Of Henry Ford1451 Words   |  6 Pagesis a beginning; keeping together is progress; working together is success.† -Henry Ford. This quote was one of the key ideas that led him to success. Henry Ford went from working on his family s farm to mass manufacturing cars. Early on Henry Ford realized his goal in life, he has countless achievements, and has a forever lasting legacy. To begin, Ford had an interesting childhood. On July 30, 1863, on the Ford family farm, an innovator was born. He got his education in a one room schoolhouseRead MorePorter s Five Forces Model1137 Words   |  5 Pagestheir product. However, suppliers can have catastrophic effects on an automotive producer when their products fail and need to be recalled. For example, Firestone produced faulty tires equipped to the Ford Explorer which caused over 250 deaths, billions of dollars in losses and the collapse of the Ford Explorer product line [5]. The fourth facet of the Porter’s Five Forces model, substitute products, has relatively low implications on the automotive industry but is largely determinant on a varietyRead MoreCase Study : Ford Motor Company1743 Words   |  7 PagesCase Background and Problem Statement: Bill Ford, heir and President of Ford Motor Company (NYSE: F), faced a forecasted thirteen billion dollar loss in 2006. In order to save Ford, Bill Ford had to dramatically alter the direction of his organization [1]. After several unsuccessful attempts at attracting top executives away from his competitors, Bill Ford decided to pursue a route that Ford Motor Company hadn’t in over 60 years by not only hiring a top executive from outside its’ ranks but alsoRead MoreFord Motor Company Case Study1124 Words   |  5 Pages Introduction Ford Motor Company is the fifth biggest automobile manufacturing companies in the world and they offer a wide range of products and services for consumers. Ford Motor Company offers automobile products that are cars, crossovers, SUV’s, trucks, vans, and Lincolns. Ford Motor Company has recently celebrated their 100th anniversary of the moving assembly line invented under Henry Ford. Ford Motor Company has built on its legacy of innovation by expanding advanced manufacturing and groundRead MoreHenry Ford And Steve Jobs915 Words   |  4 PagesHenry Ford is notorious in America, and is mostly related to Ford Motor Company and the assembly line, but his name means far more than that for most Americans that lived in his time period. Considered the Steve Jobs of his time, Henry helped advance the manufacturing industry and make products affordable to the masses. Henry Ford and Steve Jobs both changed the world by making their products affordable, increasing production of their ite ms, and influencing future products. Henry Ford’s legacy beganRead MoreFord Motor Company Case Analysis1104 Words   |  5 PagesThe current situation of the Ford Motor Company, revenue of $44 billion, 6 percent above second quarter 2006. The company net income of $750 million, or 31 cents per share. Profit of $258 million, or 13 cents per share, from continuing operations excluding special items. There was a significant year-over-year improvement for all automotive operations. Ford Motor Credit pre-tax profit of $112 million. Cost reductions of $600 million; $1.1 billion through the first half of 2007. There was automotiveRead MoreCase Study of Ford Motor Company1147 Words   |  5 Pagesï » ¿ Tim Randall Ford Motor Company has been recognized as one of the worlds most ethical companies by the Ethisphere Institute, a leading business ethics think tank (Ford Motor Company.com. Home Page. 2012. PP. 1). This 2010 award of excellence highlights a fundamental transformation for a company that in the mid-1970s was immersed in a scandal regarding the safety of its Ford Pinto sub-compact. The issue which led to major lawsuits, inconclusive criminal charges, and a costly recall ofRead MoreFord Motor Company : An Dominant Car Manufacturer Essay1101 Words   |  5 PagesFord Motor Company was founded in 1903 by Henry Ford and has continuously remained under family ownership since this time. The company developed and implemented assembly line production by the release of the Model T in 1909, and produced planes and vehicles for the allies in World War II. Ford has operated internationally since 1904, when it opened a branch in Canada to gain access to Commonwealth markets. For the first half of the 21st Century, Ford remained the dominant car manufacturer withinRead MoreHenry Ford s Lasting Legacy1483 Words   |  6 PagesHenry Ford’s Lasting Legacy â€Å"Any customer can have a car painted any colour that he wants so long as it is black.† (Henry Ford). Henry Ford is one of the world’s most renowned leaders for the automobile industry. The son of a farmer, Ford has always been interested in how things worked. He has improved the models of his cars to make manufacturing them faster and more efficient by using assembly lines. He also set a balance between his employees’ wages and hours worked. Ford never stopped innovatingRead MoreFord Motors : The Mastermind Behind The Ford Empire1055 Words   |  5 PagesFord Motor Company Vision states, â€Å"People, working together as a lean, global enterprise to make people’s lives better through automotive and mobility leadership† Ford build its products on core value: Quality, Safe, Green, and Smart. Mr. Henry Ford (1863-1947) was the mastermind behind the Ford Empire. While working as an engineer for the Edison Illuminating Company in Detroit, he built his first gasoline-powered horseless carriage, the Quadricycle, in the shed behind his home. In 1903, Henry Fords