27/04/2019
The Inspiring Story of Ford
Ford Motor Company was founded by the late Henry Ford in 1903. A century after, the company withstood wars, depression and competition. It is the fifth largest company to date based on worldwide car sales. But just like most businesses, Ford started small. The company had to overcome a lot of struggles and pass several stages and changes in its history. Henry Ford left home at an early age and worked as an apprentice in some automotive companies until he decided to have one of his own. He founded the Detroit Automobile Company in 1899 and renamed as the Henry Ford Company in 1901. As cases with most starters, he encountered financial difficulties and had to leave the company.
Leaving the company paved the way to his success. As Ford once said, “Failure is simply the opportunity to begin again, this time more intelligently.” Living with this principle, he tried again and founded what we now know as Ford Motor Company. He also introduced the then unheard of ‘assembly line’ for his car manufacturing and changed the game for the car industry. Henry Ford founded Ford Motor Company with the vision of making quality cars generally available and affordable for the majority. This American dream was not as easy as it sounded. The company started producing automobiles the traditional way, but with the time it was taking to finish a unit along with the materials needed, they had no choice but to compensate these expenses towards the price of their cars. Each automobile needed roughly 12 hours to complete which was costing the company labor and time. Introducing new ways of doing things will always create a ripple in the pond. When things are doing great, everyone is adamant to change, no matter how sensible and better it is. It takes a brave and obstinate individual, with a will of steel to disturb an orderly setup. Early on, the game-changer is always looked upon as a dissident, an annoying disturbance, a newbie about to fail. It is later, when the system is adapted and accepted, that many will recognize it as an innovation and a legacy, and the game-changer a brilliant trendsetter and leader.