19 June 2011
Ford Motor Company:
Over a Decade of Practice Makes Perfect
The Ford Company has been a successful American owned auto industry since 1903.
With Fords global marketing establishment, their great investments in alternative fuel sources and
most importantly it's commitment to diversity, community service and environmental responsibility
served as a brilliant and strategic move on Ford Motor's behalf. In his book The Ford Century,
Russ Banham talked of the many years that Ford Motor Company has maintained it's stance as an
American automaker by providing outstanding products, as well as its services to improve peoples
way of life. In Detroit Michigan 1899, a company by the name of Detroit Automobile Company
employed a man by the name of Henry Ford.
Several years later as Detroit Automobile Company fizzled out, was then renamed the
Henry Ford Company in 1901. And over the years eventually becoming one of the largest, most
profitable companies in the world.
In order to achieve greatness he became familiar with three giant equations: oil, steel and
transportation. These were the major tools needed to resurrect the Ford Motor Company. There
after, a man with a dream organized a team of men, which would become his business partners. In
1903 John Gray would be President, along with Henry as Vice President. Several stockholders
such as: Alexander Malcomson, John W. Anderson, Vernon C. Fry and including Henry Ford along
with a host of others.
Therefore, a chronological outlook on Henry Fords' life of coming from small beginnings
to building an automotive empire as Ford Motor Company demands to be studied from the
beginning (Banham 272 ).
Recognizing that the automotive industry has grown tremendously, the Ford family
reinvented the company as a whole to meet the needs of a growing society. This automotive
manufacturer has continued producing high performance vehicles, venturing into financing and
following the alternative fuel source need. With decades of practice, the Ford Motor Company has
risen to being ranked as the largest manufacturer in the world. Allowing their products to be built
and sold in hundreds of markets worldwide.
This recognition stemmed from the making of the Model T' in 1908. As times changed and Chism 3
the need for inexpensive, but more efficient transportation became a necessary commodity the
Ford family introduced those upgrades over the years. These changes paved the way for the Aston
Martin, the Jaguar 1990, Mercury and Volvo. Assembling these products for the most part within
the United States and Europe, also continuing to operate from Fords original plant, the birth place
of Ford Motor Company in Dearborn, Michigan.
However, as mentioned in the DataMonitor Business Information Center. As the supply and
demand grew the company grew. The many vehicles that began coming off the assembly lines
required more hired help. Ford employed thousands, creating jobs for out of work families. This
action brought an astounding amount of revenue somewhere in the millions. $177,089 million to
be exact according to the posted records in December 2005's fiscal end (1-8).
With the saying, “ Supply and Demand”, it brought up a pass and present question.
“How has the Ford Company managed to stay ahead of the forever growing automotive curve?”
Was it because they took chances and dove into new adventures by retaining equity in futuristic
endeavors? They bought into other products, materials, power systems and fuels as well. In 2005
NuCellSystems caught the Ford Companies eye, enough to join up and share this with an affiliate
(Daimler Chrysler). A year later Ford became the first manufacturer to begin a new and improved
fuel type called Hydrogen. The idea of creating a v-10 engine,...
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