Henry Ford's Powerful Business Strategy | First Car | Assembly Line

Henry Ford's Powerful Business Strategy | First Car | Assembly Line Friends, who was the world motivational industrialist that had a ...

Henry Ford's Powerful Business Strategy | First Car | Assembly Line

Friends, who was the world motivational industrialist that had a car manufacturing company? And whose quotes are still popular. Who was that industrialist in the world whom Adolf Hitler praised himself on the public stage? I'm talking about Henry Ford. Henry Ford was born in 1863 in Dearborn, Michigan. Right from childhood Henry Ford loved scrap And he enjoyed playing with machines and fittings. In 1891, Henry Ford was posted as Engineer at Edison Illuminating Company, and after some years he was promoted to Chief Engineer.

Henry Ford's Powerful Business Strategy | First Car | Assembly Line

In 1896, he made his first horseless carriage. That means a vehicle, not running by horse, and he named it quadricycle. But he didn't stop his planning with his dream of quadricycle. After this to develop the next vehicle he sold quadricycles and started working on the next project. Every great person in the world also gets inspired by somebody. Henry Ford was inspired by Edison. Henry Ford met Edison And Edison said, 'You're doing very well, Henry. Keep it up'. And after hearing this Henry Ford was filled with new energy. After this, in 1899, Henry Ford established the Detroit Automobile Company. But pity, in 1901, it also failed. Today, I want to say this to you Don't care about your multiple failures Look at Walt Disney, Abraham Lincoln, Henry Ford, You'll be happy, Because you'll think yourself in the same league as them due to failures various projects of these people had been a failure. Henry Ford didn't lose hope despite failures. 

Once again, in 1903, he established ford Company with 28000 US Dollars Unfortunately, all great people have to face huge challenges. He did not have a license after this. And the whole automobile business came for him. They came for him and closed his business. Henry Ford sought help from court and there too he lost. But he filed appeal after appeal. He didn't lose hope. He didn't lose hope despite failures of multiple ventures And, finally, he won in court, And he decided to continue running the Ford Motor Co. Ford motor co. made their first ford car called Model A. He made that in 1903. And in 1904, not 1,2,5,10,50,100 but 500 cars were running on the road. And after this, Ford made the world's most revolutionary car. In 1908, Model T. And Model T brought a revolution. A stir in the world of car. And, at that time, it became the world's bestselling car. Here, I want to tell you something that will shock you. The starting price of the car was 950 dollars. 

In 1908, the price of 950 Dollar And, in 1927, he keeps reducing the price and brought it down to 290 Dollars Just think of the range of price. Because he used to believe that cars must reach to common man. This should not be only a decorative item for the rich and privileged. Everyone in the world can enjoy cars. That's why he decided to bring our cars at the lowest prices. That such people are often a little crazy, I sometimes feel that to be successful it is necessary to have a little madness and passion, He built a whole town in the middle of Amazon, He builds a new town with his name Fordland He built it to get the supply of rubber. But the greater ones are tested more often. And, Henry Ford failed here. But, losing hope was not in his DNA. That's why, if you're also constantly failing, And want to become like Henry Ford or follow in his path, then don't lose hope. Something good will surely happen to you. 

Henry Ford built the world's first moving assembly line. that is a pioneer to maximum industries. the parts keep on adding one after another, and the assembly line keeps on moving. The credit for its construction goes to its father. Let me tell you a surprising fact. Before moving the assembly line was built, it used to take 12 hours to manufacture a car And, as soon as, Henry Ford invented a moving assembly line the manufacturing time of one car reduced from 12 hours to nearly 30 minutes. So if you say that the present manufacturing of millions of cars and, the biggest speed and production capacity behind, it is because of Henry Ford's moving assembly line, Then, there shouldn't be any surprise. He made the moving assembly line for two reasons. First- cost-cutting He believed the lesser the price the more popularity of cars, Second- there should be an increase in the production of cars. 

He also believed if there is more production it will mean less price and rise in sales. And, Henry Ford's Model T brought in revolution and excitement. In the year 1908, the total number of cars sold was 10,000. And Model T was called the most influential car of the 20th century. Now, how did Henry Ford reached the peak? Come, let's focus on his business's principles. Henry Ford used to believe in the 'Human Capital'. He believed achieving success becomes easier if we have a talented team. He attracted talent by started giving a salary of 5 Dollar at that time. If compared with current times it is nearly 130 Dollars per day. During those times, the market was giving 2-3 Dollars. And, Henry Ford shocked the entire market. He believed the world's best-talented team should work in Ford. Second Principle- He believed that buying in less and selling out more is not business. 

He believed that buying should be at a fair price. Buy goods at a fair price, and do some value addition. And make it available for the world. He believed that if you' making revolutionary products, Then, it should reach all over the world. Henry Ford used to believe that a person should not free these two things. The first thing is failure. Because every time you fail you are growing. That way you don't repeat those mistakes. So, you should not have a fear of failure. And, second, you should not fear the future. Because the ones who fear the future, limit themselves. That's why, sometimes, people say, 'What will happen in the future?' Don't fear the future. Fear of the unknown is one of the world's most common fear. 

That's why Henry Ford had said, If you want success then defeat these two fears. Fear of failure and fear of the future. Henry Ford's biggest principle. He used to say, 'Always put service before profit.' He used to say that earning a profit is not a bad thing. Profit is the core of any business. But, the core of the business is also in doing service. The core of business is also to serve the needs of people. The core of business is also to look after the world. The core of business is also to care about the environment. He used to say that if you' doing service with honesty. If you're protecting the environment. If you're worried about your people. If you're giving value addition. Then, on force can stop you from earning profit. Profit will come as a by-product. 

That's why I want to advise every business owner through this case study of Henry Ford. I believe Business should not be commenced only for profit The main objective of business should not only be earning profit. The motive of business should also be integrity. Friends, everyone has to go one day even if they are great personalities. But revolutionary people leave an impression in the hearts of people with their works. They become immortal in history. The body goes away but the soul remains immortal. Thousands of Ford cars arrived in India by 1947. And the year India got independence, in 1947, Henry Ford passed away. Friends, how did you find Henry Ford's case study. Do give your views in the comment section. You can support me by sharing this article in great numbers. So, I'm making articles from here, And you're taking this to the world. We're together in this great work. Thank you.