This is a brief presentation on what made Henry Ford successful. It analyzes various qualities due to which he became what he became. This is a part of evaluation in 'Creativity & Innovation' class.
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Henry Ford and Innovation
1.
2. Henry Ford (1863-1947)
Face of Automobile Innovation
Born on 30th July, 1863 in Michigan
Left home in 1879 to work as an Apprentice machinist in
Detroit
Returned to farm in 1882, became adept at operating portable
steam engine
Became an engineer with Edison illuminating company in 1891
and then Chief engineer in 1893
Invented the “QUADRICYCLE” in 1896 which had a 2 cylinder
engine with 4 horsepower
Met Edison in 1898 who encouraged him to go forward; found
Ford Motor Company in 1903
3. 1896
•Henry Ford
builds his
first vehicle
–
the Quadri
cycle – on
a buggy
frame with
4 bicycle
wheels.
1908
•Model T is
introduced.
15 million
are
produced
through
1927.
1913
•The
moving ass
embly
line is
introduced
at Highland
Park
assembly
plant,
making
Model T
production
8 times
faster.
1921
•Ford
production
exceeds 1
million cars
per year,
nearly 10
times more
than
Chevrolet -
the next
biggest
selling
brand.
1932
•Ford
introduces
the one-
piece
cast V8 blo
ck (Last
innovation
by Henry
Ford)
1941
•War
production
begins:
More than
2,82,000
GPs and
8,485
bombers
were built,
in 4 years.
1956
•Ford goes
public with
common
stock
shares
1962
•Ford
Cortina –
Conceptua
lised the
station
wagon for
a family of
four.
Timeline
4. Important Factors | Henry Ford’s Success
Curiosity
Asking Questions
Mechanical Ability
Willingness to take
risks
Perseverance
(Character Traits)
5. The Most Important Factor
• The ability to articulate a vision and
convince other people to sign on and
help him achieve that vision.
6. Important Factors | Henry Ford’s Success
(Innovative Result)
Henry Ford convinced a group of businessmen to back him in the biggest risk of his life—a
company to make horseless carriages.
Most of the commercial traffic in cities still moved in horse-drawn vehicles. Rural Americans
simply accepted the limited travel radius of horse- or mule-drawn vehicles. For long distances,
Americans used our extensive, well developed railroad network.
7. Important Factors | Henry Ford’s Success
When his workforce objected to the relentless, repetitive work that the line entailed, Ford
responded with perhaps his boldest idea ever—he doubled wages to $5 per day. With that one
move, he stabilized his workforce and gave it the ability to buy the very cars it made.
He hired a brilliant accountant named Norval Hawkins as his sales manager, and Hawkins created
a sales organization and advertising campaign that fueled potential customers’ appetites for
Fords. Model T sales rose steadily while the selling price dropped. By 1921, half the cars in
America were Model Ts, and a new one could be had for as little as $415.
(Innovative Result)