Why Was Henry Ford Successful

1) Henry Ford enjoyed taking things apart and putting them back together from a very young age. He was very creative and had many innovative ideas about engines and automobiles in general. Ford utilized his ideas to create the world’s first affordable car, AKA the Model T. The Model T became a force to be reckoned with in the world of industry, and earned Ford most of his fortune. The model was also extremely successful because it was affordable, easy to drive and cheap to repair. The Model T was so prosperous that Ford had to significantly upsize his production rate in order to meet the ballooning demand. In turn, he developed The Rouge, which was a factory that produced the Model T cars. Over the course of the Model T’s existence, Ford sold 15.5 million of them in the US, approximately a million more in Canada, and another 250 thousand cars in Great Britain. Additionally, another method Henry Ford used obtain his

At the time, $5 was a lot of money (compared to an average of $2.25 for the industry), bringing employees to middle-class status. Ford believed that the more money the workers got to earn, the more loyal they would be to his company. In order to motivate workers, Henry Ford did something that entrepreneurs back then wouldn’t even consider doing; he increased the minimum wage. This idea basically transformed the way numerous citizens thought about the way businesses, as well as companies, should run. Over the course of his life, Ford became widely known as a caring and kind industrialist. Additionally, Ford hired workers that could not find jobs elsewhere because of their health, such as people who were handicapped and mentally disabled, giving them the opportunity to earn themselves money to make a living. In addition to this, as a result of him truly caring about his workers, Ford had a sociological department that assessed his workers and made sure they were living well and to improve their