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Henry Ford Entrepreneurs Project

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1.

HENRY FORD

BY BRYCE BILODEAU
2.

WHY DID HE START THE BUSINESS?

  • Wanted to focus on automobiles
  • Goal: build a gasoline-powered vehicle
3.

WHAT BUSINESS DID HE START?

  • Started Ford Motor Company in 1903
  • A "make or break effort"
4.

HOW DID HIS BUSINESS START AND GROW?

  • Group of investors gave $150,000 to start
  • Years later developed first car: Model A
  • Continued to grow steadily
  • In 1908, released Model T
  • Catapulted Ford to top of American automakers
5.

HOW HAVE CONSUMERS BENEFITED FROM FORD?

  • Ford also invented assembly line
  • This sped up production of cars
  • Allowed consumers to receive cars faster
  • More cars on road: good for businesses
6.

HOW HAS THE INDUSTRY BEEN IMPROVED OR CHANGED BY FORD?

  • Ford invented assembly line
  • Forever changed production of cars
  • Much faster production: good for businesses
7.

WHAT OTHER BUSINESSES FORMED BECAUSE OF FORD?

  • Has affiliations with many automotive brands
  • Aston Martin, Jaguar, Land Rover, Lincoln, Mazda
  • Also Mercury and Volvo
  • Run Ford Motor Credit Company as well
8.

HOW HAVE THE QUALITY, QUALITY, AND PRICE OF THEIR PRODUCTS CHANGED OVER TIME?

  • Quality: as technology got better, so did Ford cars
  • First car: max speed 30 MPH
  • Quantity: hired more workers as years went buy, increased production rates
  • Price: first car was sold for $850
  • Now prices about $25,000
9.

INTERESTING FACTS/QUOTES

  • Second largest family owned company in world
  • Debuted Mustang in 1964
  • "Quality means doing it right when no one is looking."
  • "Failure is simply the opportunity to begin again, this time more intelligently."
10.

EXAMPLES OF FORD CARS TODAY

  • Mustang
  • Fusion
  • F-150
11.

WORKS CITED

Bryce Bilodeau