ManagementParadise.com : Worlds Leading Management Portal. MBA | Classroom, Boardroom and Beyond


Go Back   ManagementParadise.com Forums - Your MBA Online Degree Program and Management Students Forum for MBA,BMS, MMS, BMM, BBA, students & aspirants. > Mirror View - Ebooks Links & Miscellenous Reading Material > Company Profiles & News !!

Ford Motor Company

Ford Motor Company

Discuss Ford Motor Company within the Company Profiles & News !! forums, part of the Mirror View - Ebooks Links & Miscellenous Reading Material category; Ford Motor Company Ford Motor Company: Ford made several attempts to establish his company. In 1903 with $28,000, eleven men, ...

Reply

 

LinkBack Thread Tools Display Modes
Advertisements
Ford Motor Company
Old
 (1 (permalink))
Sunanda K. Chavan
sunandaC has a spectacular aura aboutsunandaC has a spectacular aura aboutsunandaC has a spectacular aura about
 
sunandaC
Management Paradise Guru
 
Status: Offline
Posts: 6,685
Join Date: Jul 2010
Ford Motor Company - November 15th, 2011

Ford Motor Company

Ford Motor Company:
Ford made several attempts to establish his company. In 1903 with $28,000, eleven men, and Ford as Vice President and Chief Engineer, Ford Motor Company was incorporated. They produced only three cars a day and had up to three men working on each. In 1908 the company produced the famous Model T, a reliable and affordable vehicle for the mass market. Ford drove and raced this vehicle at every opportunity to prove how reliable it was. By 1918, half of all cars in the U.S. were a Model T.

Assembly Line Innovation:
In response to growing demand, Ford built a new factory using standardized interchangeable parts and a conveyor-belt based assembly line. The factory was able to build a car in just 93 minutes, producing around 1 million vehicles a year (one every 24 seconds). With this advancement in production, Ford was able to market to the general public. The factory had everything it needed to construct the vehicles including a steel mill, glass factory, and the first automobile assembly line.

Management Style:
Ford had a complex, conflicting and strongly opinionated personality. Most of the company's struggles were linked to his stubborn management style. He refused to unionize with the United Automobile Workers, and to prevent his employees from doing so he hired spies and company police to check in on his workers. When work on the assembly line proved overly monotonous and sent employee turnover rates to over 50%, he doubled the going wage to $5, buying back their loyalty and upping productivity.

Other Innovations and Inventions:
Ford was responsible for cutting the workday from nine hours to eight hours, so that the factory could convert to a three-shift workday and operate 24 hours a day. He also continued his engineering innovations, patenting a transmission mechanism in 1911 and a plastic-bodied car in 1942. He also invented the first one-piece engine, the V-8. Ford fought and won a patent battle with George B. Selden, who was being paid royalties by all American car manufacturers for his patent on a "road engine".

Losing the Top Spot:
In the 1920s, General Motors and others began offering cars in a variety of colors with added features, extending credit so that consumers could afford them. Ford insisted on keeping costs down by offering limited features and just one color (black). But after losing market to GM, the company shut down for several months to transition to the redesigned Model A. After this Ford came out with the "V-8". The vehicles were both successful, but the company remained outsold by General Motors.

Legacy:
Henry Ford died April 7, 1947 and his presidency was passed down to his grandson Henry Ford II. Today Ford Motor Company is one of the world's leading consumer companies for automotive products, including a family of widely-recognized brands: Ford, Lincoln, Mercury, Mazda, Jaguar, Land Rover, Aston Martin, and Volvo. The Henry Ford Museum in Greenfield Village, a rural town which Ford sponsored the renovation of, is one of America's top history attractions.
Advertisements
Friends: (0)
Reply With Quote
Related to Ford Motor Company
 

Similar Threads

Thread Thread Starter Forum Replies Last Post
Employee Retention of Ford Motor Company Pratik Kukreja Human Resources Management (H.R) 0 April 9th, 2011 02:10 PM
Financial Analysis of Ford Motor Company Netra Shetty Financial Management 0 February 11th, 2011 02:57 PM
Marketing Mix of Ford Motor Company Abhijeet S Marketing Management 0 December 4th, 2010 07:21 PM
Ford Motor Company Savio Cabral Company Profiles & News !! 0 July 15th, 2009 12:14 AM
 

Reply

Bookmarks

Tags
company, ford, motor

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On


Login
Forgot Password?  New User?
  

» Ads





» Recent Threads

List The TOP 20... ( 1 2 3)
Last post by Neeta Khanna
13 Minutes Ago 03:08 PM
20 Replies
Solution manual on... ( 1 2)
Last post by Alyssa Trinidad
1 Hour Ago 02:12 PM
17 Replies
Top List of Various MBA...
Last post by Pramit Singh
2 Hours Ago 12:38 PM
0 Replies
Should mobile phones be...
Last post by Hrishita Sahay
3 Hours Ago 12:09 PM
1 Replies
Marketing Research notes ( 1 2 3... Last Page)
Last post by Hrishita Sahay
3 Hours Ago 12:06 PM
33 Replies
Mere Negligence of...
Last post by Stella Lauren
3 Hours Ago 11:50 AM
0 Replies
Common Management...
Last post by Bhautik Kawa
3 Hours Ago 11:42 AM
0 Replies
Solution manual on... ( 1 2 3... Last Page)
Last post by Bhautik Kawa
4 Hours Ago 10:44 AM
41 Replies
Test Bank on Financial... ( 1 2 3)
6 Hours Ago 08:50 AM
28 Replies
Sample Bio-data...
Last post by Yashwant Naik
17 Hours Ago 09:30 PM
7 Replies
Indian Rupee Update by...
Last post by Epic Research
22 Hours Ago 05:03 PM
1 Replies
Asian Markets Update by...
Last post by Epic Research
22 Hours Ago 05:01 PM
1 Replies
BMS notes for mp : all... ( 1 2 3... Last Page)
Last post by Nandini Bharat
1 Day Ago 12:57 PM
253 Replies
AIMA-MAT 2014, MAT...
Last post by Pramit Singh
1 Day Ago 12:08 PM
0 Replies
CAT 2014 Latest News,...
Last post by Pramit Singh
1 Day Ago 11:56 AM
0 Replies

» Projects Helpline

Retail Management Notes
Last post by Bhautik Kawa
2 Days Ago 10:56 AM
ManagementParadise.com is not responsible for the views and opinion of the posters. The posters and only posters shall be liable for any copyright infringement.


Management Paradise
About Us
Press
Jobs
Contact Us
Kartik Raichura
Legal
Terms & Conditions
Privacy Policy
Disclaimer
Copyrights
Help
Zeitgeist
Support
FAQs
Tour
Feedback
Partners
Follow
Copyright © 2004 - 2013 Management Paradise. Site Developed by Available.co.in