Henry Ford Research Paper

The Ford Motor Company is an automotive manufacturer that was started in the late 1900’s. Many people have run the Ford Motor Company but the founder Henry Ford, he was unlike any other. Henry Ford’s imagination was unlike any other and his brain could come up with some of the greatest things. Until the day Mr. Ford died he created and succeeded in the automotive world and never failed to give to America.

     In 1903 the Ford Motor Company was incorporated after two unsuccessful attempts. Henry Ford was the vice-president and the chief engineer. The company started out only making a few cars a day at the Ford factory, with two or three men working on a car at a time and having to use parts made to order from other companies.2

Henry's dream of the automobile started with the production of his first auto, on June fourth 1896, the primitive auto was named the quadracycle. Not exactly a modern auto the Quadracycle was reminiscent to a babbycarrige on bicycle wheels but was a start to Ford's empire and the development of the automobile for the people. Many saw Henry's potential and helped him to find a successor to the Quadracycle; one such person was the Mayor of Detroit, William Mayburg who provided financial support to Ford to continue his research. Generous investors such as this and the help of four investors donating 10,000 dollars each led to the official founding of the Ford Motor Co. in 1901.

In 1903 Henry Ford felt he was ready to market an automobile for the public and the Ford Motor Company was incorporated, this time with only $28,000 in cash put up by a new group of investors. That original investment was spent down to $300 before the company’s first car was sold, but from that time on the company was a success.

Henry Ford was the founder of Ford Motor Company; he founded the company in 1903. Henry Ford’s well known automobile that was developed and manufactured was named the Model T or also known as Tin Lizzie. After the Model T was put on the market, Henry Ford became the most wealthiest and most well known person in the world. The Model T was a huge hit for the upper middle class. A few months later, “Henry Ford, head of the Ford Motor Company, announced today one of the most remarkable business moves of his entire remarkable career to give to the employees of the company $10,000,000 of the profits of the 1914 business, the payments to be made semi-monthly and added to the paychecks” (New York Times, 1914).

The plant integrated all the necessary part into a single production plant for automobiles. For example, you had the assembly line, the glass factory and the steel mill. At first stockholders opposed the idea because of the gigantic costs, but Henry Ford owned around 58.5 percent of the company even in 1906, and he bought out those who resisted the idea in 1919. In doing so, he administered Edsel, his son, as president over the company. Henry Ford maintained total control over the operations at the company, despite Edsel's presidency, but in 1943, Edsel Ford died from metastatic stomach and Henry Ford became president of the company again for a brief time.

General Motors incorporates entrepreneurship and innovation into its business objectives. This is evident in General Motors Vision statement which states that its goal is to “lead in advanced technologies and quality by creating the world’s best vehicles”. (1) For instance General Motors has an extensive R & D, Design, and Engineering department that oversees the creativity, innovation, and invention of its strategic technologies and innovation programs which are aligned with its corporate vision. In order to lead in advanced technologies of the world’s best vehicles General Motors incorporates entrepreneurship and innovation concepts, which are essential to competing in the global market place.(2) In the spirit of entrepreneurship, which

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. With Malcomsons investment and Ford's engineering skills a partnership was formed and in mid June of 1903, papers of incorporation for the Ford Motor Company were filed in Dearborn, Michigan.

Ford Motor Company is an American automobile manufacturer founded and headquartered in Dearborn, Michigan but incorporated in the state of Delaware. The company was started by Henry Ford in 1903 and is historically famous for the creation and implementation of the assembly line in manufacturing processes. Ford’s mission is to produce and sell automobiles – cars, trucks, SUVs, etc – from the ones initially designed and engineered by Henry Ford all the way through the newer versions created in the last few years. (Profitable Growth for All, 2012)

The Ford Motor Company, founded in 1903 by Henry Ford, is synonymous with American innovation and capitalism. With iconic branding and revolutionary

Henry Ford created the Model T with the goal of producing a car that could be marketed to the middle class. Up until this point the average car produced cost around $2,000, which exceeded the price range of most Americans. Ford saw the middle class as an economic opportunity, a chance to create more costumers while still manufacturing the same product. His decision was not based exclusively on the lucrative market of the middle class though, but also on his humanitarian belief that citizens deserved the opportunity to purchase a car, as it would allow them to “enjoy with his family the blessing of hours of pleasure in God's great open spaces." Not surprisingly, when Ford created the Model T the working class flooded factories with

Profitability (performance) ratios are used to assess a company’s ability to create equity as compared to its debt and other appropriate expenses created during a particular time frame. A favorable analysis of profitability ratios will reveal that a company’s value is higher than a competitor’s value.

A man that went by the name of Henry Ford, once said, “I invented nothing new. I simply assembled the discoveries of other men behind whom were centuries of work…” The Ford Motor Company is an American continental automobile maker founded by Henry Ford on June 16, 1903. During the 1920s, this firm marketed automobiles that were reliable, low-cost, easy-to-operate and easier-to-fix device for the masses (Rise of the Automobile). In addition, the Ford Motor Company led the world into the expansion and refinement of the assembly line; revolutionizing our society to greater heights through its mobile products. Meanwhile, the company’s contributions benefited society through the means of the renovation of the suburbs and the invention of new services. Like no other during the 1920s, the Ford Motor Company supplied to the boom of innovations; marking its footprint to a superior society.

Founded in 1903, Henry Ford managed to get investor support to open the first manufacturing automobile company in Detroit, Michigan. Ford Motor Company has been known for its mass production of vehicles using a perfected assembly line method and its innovations in the automobile industry. Ford’s famous Model-T was developed as an innovative automobile that could be produced quickly, while keeping the cost to a minimum. This allowed people with a lower income the opportunity to afford an automobile. One of the biggest changes in the automobile industry occurred in 1913 with the introduction of a perfected assembly line method. This assembly line method was the one of the main reasons Ford Motor Company was able to keep the cost of vehicles and the production time to a minimum. Ford also took the first step to increase wages of their employees above the industry standard. Although it was still a very low value, Ford offered $5 per day which was a huge improvement from the $2.34 per day that most companies offered.

Ford Motor Company was incorporated in Delaware in 1919. They acquired the business of a Michigan company, also known as Ford Motor Company, which had been incorporated in 1903 to produce and sell automobiles designed and engineered by Henry Ford. They are one of the world’s largest producers of cars and trucks. They and their subsidiaries also engage in other businesses, including financing vehicles.