My Life and Work

Presented By:
Manjeet Singh
Manvitha Reddy
Monalisa

Henrys Quotes
Before everything else, getting
ready is the secret of success
A business that makes
nothing but money is a poor
business.
You can't learn in school what
the world is going to do next
year.

Henry Fords Life

Henry Ford was the American founder of the Ford Motor Company and father of modern assembly lines used
in mass production. As owner of the Company he became one of the richest and best-known people in the
world.
Born on July 28, 1863.Green field Township, Dearborn, Michigan, U.S.
At fifteen, Ford dismantled and reassembled the timepieces offriends and neighbours dozens of times,
gaining the reputation of a watch repairman.
Ford married Clara Ala Bryant in 1888 and had one son Edsel Bryant.
He had developed 26-HP automobile and Detroit automobile company became Henry Ford Company
Ford developed 80+HP racer called as 999 and form partnership Ford and Malconson.ltd
Awarded 161 U.S. Patents
He worked as an apprentice mechanic
Idol was Thomas Edison

Quadricycle (1896)
In 1891, Ford became an engineer with the Edison
Illuminating Company, and after his promotion to
Chief Engineer in 1893, he had enough time and
money to devote attention to his personal
experiments on gasoline engines.
These experiments culminated in 1896 with the
completion of his own self-propelled vehicle
named the Ford Quadricycle, which he test-drove
on June 4.
He named it as Ford Quadricycleasit ran
onfour cycle wheels . It was also called
asHorseless carriage

What he learned about Business

The finance is given a place of work and therefore tends to kill the
work and destroy the fundamentals of services.
That thinking first of money instead of work brings on fear of failure
and this fear blocks every avenue of business-it makes a man afraid
of competitions, of changing of his methods, or of doing anything
which might change his condition.
That the way is clear for any one who thinks first of service-of doing
the work in the best possible way.

Model- A
After the decline of model A due to rising
competition. Henry ford was convinced to make a
new model.
He involved great technical expertise. Body
design was left to his son , Edsel. The result was
the successful Ford Model A.
Total output of model-A was more than 4 million.
Henry Ford Company adopted an annual model
change system, similar to competitor (General
Motors).

BEFORE MODEL T

Model A

Model K

Model B

Model R

Model C

Model S

Model F

Model N

The reason for inventions.

Build to save you time and consequent money.
Build to take you anywhere you want to go and bring you back again on
time.
Build to add to your reputation for punctuality; to keep your customers
good-humoured and in a buying mood.
Built for business or pleasure-just as you say.
Built also good for your health.

Priorities of ford company

Good material.
Simplicity.
The engine.
The ignition
The automatic oiling
The simplicity
The workmanship

Model- T
Henry Ford set out to build a car which everyone could afford to buy.
It was slow, ugly and difficult to drive, and was nick named the Tin Lizzie by
the American people.
The attraction of the Model T Ford was that its price never increased.
Costing $1200 in 1909, the price in 1928 was only $295.
By 1929 Ford was producing more than one car per minute.
Ford had a good network of dealers all over as a result sale of the cars sky
rocketed.

Moving
Assembly
An assembly line is a
Line

manufacturing process in
which parts are added to a
product in a sequential manner
to create a finished product
much faster than with
handcrafting-type methods
In the early 1900s, Ford
Motor Company adopted the
assembly line to mass produce
the Model T.
Henry Ford was the to master
the assembly line.

The Terror of the machine

REPETITIVE Labour is terrifying to me.
He heard that repetitive labour is soul as well as body
destroying.
Work in each department was classified according to its
desirability & skill into classes A , B, C.
His policy was ,No one should discharge on account of
physical condition.
7,882
jobs

4034 jobs were being

done by people that
didnt require full
capacity

ng
a
h
c
e
k
i
t l want

n
do not
e
l
p
do
Peo they
t
tha

es

Wages
Think worker as a partner of the boss
Wages are limited by the business
The scale of wages depends on the productive factor of labour
Sales depends in a measure upon the wages we pay
we do not follow piece work
if you expect a man to give his time & energy, fix his wages.

The first model production T was produced on August 12, 1908

Informally known as the Tin Lizzie, Flivver, T-Model ford or T
Internal combustion engine in 1889 replace the traditional horse
drawing carriage.
It had a steering wheel on the left
In 1914, an assembly line worker could buy a Model T with four
month's pay.
It revolutionized the production of automobiles & made it
affordable to masses.

m wi
m o t ll b
ul o r u
t it c ild
ud ar
a
e of
gr
ea
t

Model T

Why not always have good business?

Business is always either feasting or fasting
we always had a shortage of goods but never over
production.
Because of bad manufacturing or bad financing.
Farming was reorganising.
Succession of the products according to the seasons.
1912-13 was a dull period
but they doubled their sales

1913-14, increased
sales by more than a
third quarter.

Paying minimum
wages of $6/day

the
d
e
w
o
h
ei r
s
h
t
r
Wa cts in system
e
def ncial
a
Fin
OR
F
IT
A
W
T

D T
N
O
O
U
D E GO SS B ST R
TH SINE E CO TTE
E
BU T TH Y B NT.
B
GE WN EME
DO NAG
to
MA
s
i
dea eable
i
l
ria rvic a
t
s
du a se icate
n
I
ress upl
exp , to d a
a
ide ful ide
use

Money & Goods:

Primary objective of a manufacturing business is to produce.
Policy of buying & selling for cash, keeping a large fund always on
hand.
One need to know little about finance.
Manufacturing is not to be confused with the banking.

Old time business

went on doctrine that
prices should always
be higher

It is better to sale

large number of cars

at a reasonable small
margin than fewer at
a large margin.

If it become a question

of lowering wages or
abolishing dividends, I
would abolish
dividends.

Reducing

wages is a bad
financial
policy.

Contd.
Belong
to
public

Get while the

getting is Good

Belong
to
busines
s

Belong
to the
men

PROFIT
S OF
BUSINE
SS

To earn a

Manufacturer used
to waited for the
order before
building

proper profit
on narrow
margin, there
must be rapid
turnover.

A BETTER FINANCE CAN BE

CONDUCTED FROM THE INSIDE
THAN FROM THE OUTSIDE

Money- A master or a Servant?

ot
n
y

an
p
om d
c
rd ede ould
o
F

ne ut c
y
l
on ney b .
t
mo get i
not

In 1920, more automobiles plants were closed than were

open.
Had borrowed $70,000,000 & out of this $33,000,000 left to
pay. $18,000,00 were due as income tax & bonus for year to
workmen.
e
m
i v e to
g
d
Total debt $58,000000 but in BANK they had $20,000,000.
oul I have
w
ne that ut of
o
In June sales began affected i.e. product were not within the No ney & & go o
mo k up
a
purchasing power.

bre iness.
us
b
Due to war, they depart from the principle of a single
product.

His Tackling way:

Cut the prices far below the production cost.
Another cut in the prices. (inventory)
Shut down with intention of opening again in two weeks.
An officer of a New York bank called Henry.
They stopped making of parts & went on assembling of cars.
Then they opened for full production.

we
dist were
u
con rbing
ditio
ns

Scenario after re-opening:

Earlier 15 men per car
per day but then
employed 9 men

Not by wage cutting but

by eliminating wastage.
on
e
ar
e
l
op e of EY
e
P sid ON
the nd M
sou

Took out 60% of their

telephone extensions
Cut offices forces in
halves & offered
them job
Started using less
money by increasing
turnover.

$87,300,000

Freight
services can be
improved

$27,300,0
0
MONEY- A MASTER OR
SERVANT ?????

Cut overhead
charges from $146
to $93

st .
n
i
ga such
a
t
no er as
am ank
I

t
B
s
e
e
th
gg r ;
u
s
t inee a
n
id Eng ut
d
ey an
op
t
h
T ting nted
t
pu y wa er
the asur
Tre

Fordson: Our Tractor

Launched in England before coming to America
It was these tractors, run mostly by women
Necessity occurs because of the war broke in 1917 inn England
Focused on Pull Feature than speed
The tractor is designed purely for working on the land, and the wheels, which are fitted with spuds,
should be provided with some protection to enable them to travel on the road.

12/20/15

Till Date all the tractors follow the same principe

21

The Railroad to Nowhere

In 1920 Ford purchased the Detroit, Toledo, and Ironton Railroad (DTI)
Henry Ford recognized the strategic importance of affordable and reliable supply lines for the
uninterrupted mass production of his Model T.
Changes from steam to electric engine in 1925
FMC (Ford Motor Company) decided to sell DT&I on June 27, 1929 to Pennroad Corporation for
approximately thirty-six million dollars making FMC a thirty-one million dollar profit over their initial
five million dollar investment.
Just After four month American Market Crashed

12/20/15

That Vision of a great marketer

22

Ford Philosophy
Keep getting prices down. Dont focus on profits, but on growing your business by
offering better quality, for cheaper.
Putting of Services before profit
Get the product right before you begin manufacturing. Dont bring out redesigns to get
costs down, focus on reducing the manufacturing costs.
Simplify focus on a creating a few products. Ignore the 5% that want more features.
Build interchangeable parts
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Influence of Henry Ford

Henry Ford created the model T which was the first car
produced for the masses. This caused the automobile to be a
necessity for living during these times.

Americans were able to go wherever they wanted. The

automobile also allowed more employment for the societys
growing population.
Henry Ford also perfected the assembly line production
method. It helped America create larger quantities of what
they were producing faster.
The assembly line also raised wages and gave shorter work
days to workers
Henry Fords mass production benefitted other industries as
well (oil, steel, rubber) because of the increasing demand of the
automobile.

Henry Ford- In 5 Words

Relentless Drive
Visionary
Leadership
Innovation
Welfare Capitalism

"The natural thing to do is to work - to recognize that prosperity and happiness can
be obtained only through honest effort."

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The Flip Side!!

Philanthropy
Henry Fords was marked by seemingly contradictory viewpoints.
Philanthropy, no matter how noble its motive does not make for Self Reliance
Industry Organized for service removes the need for philanthropy.
Concept of no charity

Anti-Semitism
Went as far as to support a weekly newspaper, The Dearborn Independent, which
supported his views further.
In the Last chapter he mentioned:
"I know we get a lot of guff for the jew thing but honestly it's not that big of a
deal when one group of people are so different than everyone

HOLD ON!!

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FailuresOfHenry Ford
After 1920 ford was hit by the competitor Chevrolet
In 1931 ,due to the depression in the market the new model A
sales fell.
Back to 1928 he set out to increase the bottom line by exerting
more control over his supply chain
Venture through numerous difficulties

Failure is the
state
or condition
of not
meeting the
desired objective

Wear Your Failure as a badge of Honour and Learn

Take Away
Devotion
Willpower
Preparation
Efficiency
Teamwork
Value
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e, f
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e et o
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i
h
t
s
y
r
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ve s t h
e
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f ead ce
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B ng r suc
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g
28

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