- Ford, Henry
- (1863–1947) Gen MgtU.S. industrialist. Founder of the Ford Motor Company, who organized the assembly line along the scientific management principles of Frederick Winslow Taylor and recorded his philosophy in My Life and Work (1922)After spending time as a machinist’s apprentice, a watch repairer, and a mechanic, Ford built his first car in 1896. He quickly became convinced of the vehicle’s commercial potential and started his own company in 1903. His first car was the Model A. After a year in business he was selling 600 a month.In 1907 Ford professed that his aim was to build a motor car for the masses. In 1908 his Model T was born. Through innovative use of new mass-production techniques, 15 million Model Ts were produced between 1908 and 1927.At that time, Ford’s factory at Highland Park, Michigan, was the biggest in the world. Over 14,000 people worked on the 57-acre site. He was quick to establish international operations as well. Ford’s first overseas sales branch was opened in France in 1908 and, in 1911, Ford began making cars in the United Kingdom.In 1919 Henry Ford resigned as the company’s president, letting his son, Edsel, take over. By then the Ford company was making a car a minute and Ford’s market share was in excess of 57%.
The ultimate business dictionary. 2015.