Henry Ford Influential Entrepreneur Project - 1053 Words

Rishi Verma H-Economics Carver Notable Entrepreneur Project Henry Ford The name â€Å"Henry Ford† is familiar to almost everyone in the country. Certainly those who drive regularly will have seen, if not owned, at least one Ford Automobile. There’s a simple reason for that. Henry Ford was a visionary. Innovative and efficient, he became the model for a competitive business enterprise in his revolution of the automobile industry. Through his implementation of an assembly line and the concept of mass production, Ford changed the very face of how companies manufactured and distributed goods throughout the world. Although Ford was born on a small farm, by age 16 he had developed a dislike of the practice. His first attempt at joining the auto industry came when he formed the Detroit Automobile Company. The initial goal of this company was to produce 2 cars per day by assembling the frame and chassis on top of a workbench. However, the labor-intensive nature of the work, as well as the extremely precise tolerance under which individu al parts had to fall caused the prices of each car to go up to $1000. Like most automobile startups, the Detroit Automobile Company failed within two years of its creation in 1899. However, Ford learned from his mistakes and kept pursuing the internal combustion engine as his dream for industry. In 1903, Ford secured new partners and shareholders to start the Ford Motor Co. With the goal to produce a light, strong car that could be sold at aShow MoreRelatedInfluential Entrepreneurs That Helped Shape The World Of Today1196 Words   |  5 Pages There are many influential entrepreneurs that helped shape the world of today. I say, one that stands out is Henry Ford. He was one of the few men to make mainstream automobiles a reality. The automobile industry has surely come a long way since it once started. Nowadays, seems like people cannot travel without transportation. 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