Henry Ford (1863 – 1947) was an American industrialist who founded the Ford Motor Company . He developed and manufactured automobiles that could be bought by middle class America. Despite becoming one of the richest people in the world, he didn’t believe in accountants and never had his company audited.
Ford pioneered the development of mass production through the assembly line. He was a proponent of high wages for works and pioneered the 5-day work week. He was no friend unions. As he aged, after experiencing several strokes, he passed the management of the Ford company to his only child Edsel. When Edsel died unexpectedly of cancer, Ford returned but he was unable to continue management and ceded management of the company to his grandson Henry Ford II.
Tomorrow, Ford’s Business Model Rita Bay