Entrepreneurship Report: Henry Ford's Motivation and Characteristics

This report delves into the entrepreneurial journey of Henry Ford, examining his motivation, background, and the key characteristics that defined his success. It explores the factors that drove him to revolutionize the automotive industry, including his internal and external motivations, such as his upbringing, experiences, optimistic mindset, and professional attitude. The report also highlights Ford's innovative spirit, his focus on quality, and his ability to build a strong team. It covers essential characteristics of entrepreneurship, such as his persistent nature, risk-taking abilities, and dedication to providing excellent products and services. The report concludes by summarizing the key aspects of Ford's entrepreneurial development and evaluating the impact of his contributions to the business world. The references section provides a list of relevant books and journals used in the report.

Entrepreneurship

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Entrepreneurial Motivation Factor: .......................................................................................1
Characteristics of Entrepreneurship ......................................................................................3
Covered in PPT .............................................................................................................4
CONCLUSION................................................................................................................................4
REFERNCES ..................................................................................................................................5

INTRODUCTION
Entrepreneurship is the form to mainly focuses on introducing and running of business,
due to high risk involved an designing about new business related ideas. It often initially a small
business as it having capacity to having willingness to improved infrastructure as well as provide
other opportunities like employment, investment etc. Somehow, start up business venture tend to
determines or they depended on funds and other type of financial resources. In Entrepreneurship
report the entrepreneur is selected Henry Ford, was an American industrialist as well as business
magnate, he is a founder of Ford Motor company and developed the better pattern of wider range
of mass production. As Henry Ford has a vision towards being an successful entrepreneur in
automotive industry. He had invents his first middle range of Americans and others could easily
buy, as he had having innovative mind in which he converted the auto motive as having vision
which Henry Ford that expand of 20th century. In the initial days Ford motors launched their first
model with “Model T” auto mobile revolutionized transportation and American industry. In
perspective of company owner, he became one of the richest and best known people in the world.
MAIN BODY.
Entrepreneurial Motivation Factor:
For every successful enterprenuer, motivation plays an important role in which it helps
to increase the activities that initiates the strength to accomplish a particular objectives . The
factor of motivation is detail comprises about individual entrepreneur vision and mission that
enhance to motivates as per the perception towards level of responsibility and behaviour which
tend to influence better motivation. Similarly, Henry Ford also struggles to being a corporate
business entrepreneur as his background and professional life is main key roles that drives him
towards effective motivation towards accomplish its vision and mission of its objectives.
Background: Henry Ford was born on July 30, 1963. His family were little well established
through which his father give pocket money at the age of 15. As per his father expected him to
took over a family farm. Experience: In 1891, Henry Ford become an engineer with Edison
illuminating business venture which is affection to work in firm which increase the better
relation to become second generation of automotive company. Some of motivation related
aspect model such as Internal factor is Need Theory, that enhance to depicts about importance of
needs by fulfilling of individual employee or people who is seeking for basic requirement that
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essentials as well as helps to support by pyscological, safety, social, self esteem and self
actualisation. These all five needs works on entrepreneur to accomplish level to level targets and
leads towards power entrepreneurship. Being Optimistic: As to being successful entrepreneur,
an individual need to have positive presence of mind through evaluating different opportunities
in complexity situation. Henry ford was positive mind set that helps to motivates for better
attainment of entrepreneurial objectives. Having correct form of attitude: It is important to
having right form of attitude which motivates the individual to become effective business
entrepreneur, as with perspective of Henry Ford he were always kept a professional attitude and
personality which makes him more constructive thinking. The purpose to carry an attitude, it
helps to exploring specific field of business environment. Self motivation: This term of
motivation depicts about which fulfil that having desire towards having better which motivates
through an objectives for individual personality, these type of business people not creates ideas.
As Henry Ford is self motivator person who mainly implement ideas on the basis of decision
making. Enthusiasm: According to this motivation aspect, it better support to find optimum
solutions that able to stabilize ideas and also makes become creators and innovative which
enhance to being proficient trait type of trait entrepreneur. Similarly, Henry ford invents idea to
make design and innovative positive trait of successful entrepreneur. Some external Factor
Financial Background : It derives as planning to allocate funds which helps to implement in
business related objective and also motivates towards job and better entrepreneurial experience
along with knowledge to convince investors to endorsed capitalism in business for better further
growth expansion. Through having effective background of which help to become professional
entrepreneur. Availability of resources: In every business there is essential requirement of
resources which motivates towards for high extend to become effective entrepreneur as it must
enables of land, labour, money, machinery and raw material for manufacturing product and
services to presumes new venture innovation. Government policies: The most implication or
benefits given by government policies that helps to produce new product and motivates for
individual for successful achievement towards better objective accomplishment, as Henry Ford is
also faced issues and challenges through governmental policies which decrease or increase
growth of business.
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Characteristics of Entrepreneurship
The background of Henry Ford, he is known as the greatest innovator and industrialized
of all time. He has started inroads in aviation, developed school systems and published a
newspaper. It has also produced vehicles, planes and other machinery resources. Ford is a self
driven entrepreneur hence believed in quality of life for its workers. He has always cherished
quality over anything therefore produces premier creation.
Henry Ford has a curious mind which has made him the creator businessperson from his
childhood has obtained distinctive of being an speculative individual. He has invented Model-T
and Quadricycle hence earned a huge reputation due to his excellent success in assembling
measuring devices. He was always keen to innovate new products in industry which has made
him a successful victorious entrepreneur.
In perspective of Henry Ford is a person who is never gets satisfied with current
technologies which makes him to produce more acclaimed designs. He is been always thirsty and
passionate to create more and more patterns which has made him a great entrepreneur of all
decades. Ford has designed affordable products targeting all types of customers.
Henry Ford is an individual who has attained trait of being persistent to the core. His
father always forced him to work in his field but as he was so enthusiastic to follow his dreams
and full fill them. He wanted to make an auto mobile empire henceforth persuaded his ambition
thus became most powerful entrepreneur of all era. Therefore he has created a new product line
and is a high risk taker which has made him enjoy rewards has also contributed to economic
growth.
In view of Henry Ford his important entrepreneurship attribute is he is a man of quality
and has always believed in delivering prime products to its customers. His name reflects quality
thus made it their priority. Focused on supplying best services to its clients and do not
compromises in anything. His idea of generating a product is to make sure that designing and
material used for manufacturing of that production has to be superior in every aspect.
Henry Ford is a team builder he has a huge respect for its employees thus believes in
providing good remuneration which will lead to the better productivity. The most excellent
quality is he hires best people who will flourish in the company. Organization also enhances the
skills of employees by providing them training who are willingly to work passionately into firm.
Ford faith on his team which is the primary characteristic of the entrepreneur. Motivates its staff
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into various manner to keep employees encouraged towards achieving business goals. He has
introduced the 40 hours a week policy which boost the team and will not make them exhausted.
Ford has always followed his desires, passion and love for cars which has helped him in
becoming a successful entrepreneur. Hence he has always been a problem solver thus identifies
problem then makes plan of action accordingly for the increase in growth of business.
Covered in PPT
CONCLUSION
From above entrepreneurship report has many topic which come up as summarisation
about describes for specific entrepreneur's motivation development and characteristics to
highlighted main aspect which helps to Henry Ford who was founder of Ford motors as how he
becomes successful entrepreneur. Many important factors of motivation which helps to
entrepreneur to motivates for being successful entrepreneur such as self motivation, attitude,
optimistic and having positive enthusiasm that depicts to support Henry Ford towards being
better entrepreneur. Ford's background and experience plays an important role in his
entrepreneurship journey, different characteristics which involve in Ford personality that leads
him more innovative and experienced. At last thee is evaluation of facts findings which include
in entrepreneurs. Various form of characteristic allows to better enhance individual professional
career as well as positive outcomes generates for better attainment of targets.
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REFERNCES
Books and Journals
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the basics. Journal of Rural Studies. 70. pp.125-138.
Fiore, E., Sansone, G. and Paolucci, E., 2019. Entrepreneurship education in a multidisciplinary
environment: evidence from an entrepreneurship programme held in
Turin. Administrative Sciences. 9(1). p.28.
Fischer, B.B., de Moraes, G.H.S.M. and Schaeffer, P.R., 2019. Universities' institutional settings
and academic entrepreneurship: Notes from a developing country. Technological
Forecasting and Social Change. 147. pp.243-252.
Foss and et. al., 2019. Women’s entrepreneurship policy research: a 30-year review of the
evidence. Small Business Economics. 53(2). pp.409-429.
Fotopoulos, G. and Storey, D.J., 2019. Public policies to enhance regional entrepreneurship:
another programme failing to deliver?. Small Business Economics. 53(1). pp.189-209.
Kimmitt, J., Muñoz, P. and Newbery, R., 2020. Poverty and the varieties of entrepreneurship in
the pursuit of prosperity. Journal of Business Venturing. 35(4). p.105939.
Malerba, F. and McKelvey, M., 2019. Knowledge-intensive innovative
entrepreneurship. Foundations and Trends® in Entrepreneurship. 14(6). pp.555-681.
Neumeyer and et. al ., 2019. Entrepreneurship ecosystems and women entrepreneurs: a social
capital and network approach. Small Business Economics. 53(2). pp.475-489.
Nowiński and et. al., 2019. The impact of entrepreneurship education, entrepreneurial self-
efficacy and gender on entrepreneurial intentions of university students in the Visegrad
countries. Studies in Higher Education. 44(2). pp.361-379.
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