Biographies

What Entrepreneur Created The Model T?

Born in July 30, 1863 in Detroit, Michigan, Henry Ford was a prominent American industrialist, the founder of the Ford Motor Company, and sponsor of the development of the assembly line technique of mass production. Ford was able to develop a productively and efficiently system that ended up forming the foundation for the consumer economy. His introduction of the Model T automobile revolutionized transportation and American industry. As owner of the Ford Motor Company, he became one of the richest and best-known people in the world.

A business absolutely devoted to service will have only one worry about profits. They will be embarrassingly large.
via Brainy Quote

7 Interesting Facts You May Not Know About Henry Ford

  1. At a young age, he started tinkering with watches and other machinery.
  2. In his spare time while he worded servicing steam engines for Westinghouse and Edison Electric Illuminating Company, he used to experiment with gasoline engines which led him to produce a self-propelled vehicle in 1896, and set up his own business in 1899.
  3. Ford strove for complete vertical integration (control of all aspects of the business from the supply of raw materials to the retail outlets).
  4. Ford paid staff $5 a day which helped to decrease employee turnover.
  5. Ford experimentations led him to create a self-propelled vehicle called the Quadricycle in 1896. It had four wire wheels that looked like heavy bicycle wheels, was steered with a tiller like a boat, and had only two forward speeds with no reverse.
  6. Unsuccessfully ran for the United States Senate in 1918.
  7. His industrial methods so impressed Adolf Hitler that a picture of him was in Hitler’s office.

[youtube]http://www.youtube.com/watch?v=ysARJIJg0W4[/youtube]

Sources: BrainyQuote, HFMGV.org, 100 CEOS, Biography

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