Henry Ford: A Successful Entrepreneur

Henry Ford

Table of Contents
INTRODUCTION...........................................................................................................................3
Background life of Henry Ford....................................................................................................3
Factors that motivated Henry Ford to become successful entrepreneur......................................3
3 T's ( Talent, temperament, technique)......................................................................................5
FACETS (focus, advantage, creativity, ego, team, social)..........................................................6
Conclusion.......................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Successful entrepreneurs are those which have performed well in their lives and have
enabled themselves to use skills and abilities effectively in business. The following report
includes the information about a successful entrepreneur naming Henry Ford.
Background life of Henry Ford
Henry Ford was born in 1863 and he was the son of Mary and William ford. He worked as a
machinist in Detroit. he was an American industrialist and businessman magnate (Anwar, and
Daniel, 2016). He was the founder of Ford motor company and developer of assembly line
technique of mass production. Henry was known for introducing model T which has brought
revolution in transportation industry of America. He used to operate and service steam engines
and it work occasional stints
in Detroit factories. After few years, Henry went back to his family and started working on
family farm. In the year 1891, Henry Ford was hired as an engineer for Edison illuminating
company. He worked well in the company and he got promoted as chief engineer within 2 years.
Ford put his efforts for building a gasoline powered horseless carriage (de Sá, Farhangmehr, and
Pinho, 2016). He developed quadricycle that includes a light metal frame which is fitted with 4
bicycle wheels. Ford sold this cycle for developing and building more vehicles. There were
several investors who came over to talk about investing in ideas which are made by Henry. After
7 years, Henry developed his own company named as Detroit automobile company. This was
later known as Henry Ford company.
Factors that motivated Henry Ford to become successful entrepreneur
Henry Ford was the founder of American Ford motor company. This is an organisation which is
well recognised across the world because of its success. Henry Ford is popular for the way of
thinking as well as leading that it follows while managing business. The legacy of Henry Ford
consists of of various memories and quotes that can be accumulated for knowing about powerful
philosophy of entrepreneurship. He was a successful leader as well as individual whose main aim
was to provide great heights to Ford motor company (Kilenthong, Hultman, and Hills, 2016).
There was several quotes given by Henry Ford for becoming a successful leader. Some of these
are mentioned below-