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Created with Fabric.js 1.4.5 Website HENRY FORD A Historical Entrepreneur The automobile was expensive and only the wealthy could afford it The Association of Licensed Automobile Manufacturers didn't want to sell his cars He couldn't build cars fast enough to keep his company afloat, which collapsed within the first year THE CHALLENGES HE FACED: THE CHALLENGES HE FACED: The automobile was expensive and only the wealthy could afford it The Great Depression slowed his progress He couldn't build cars fast enough to keep his company afloat, which collapsed within the first year THE CHALLENGES HE FACED: ENTREPRENEURSHIP SKILLS: THE CHALLENGES HE FACED: Ford held firmly to two principles:cutting costs by increasing productivity and paying high wages to his employees Gained success by building race cars Built the Model T;a durable, easy to operate, and economicalcar; sold for $850 In 1914 he introducedthe concept of theassembly line to theindustrial world. At one point he was producing 60 percent of the total United Statesoutput The Association of Licensed Automobile Manufacturers didn't want to sell his cars Ford was an inflexible man and refused to adapt to his customer's taste HIS ACCOMPLISHMENTS: Ability to find a niche market REFERENCES: Ability to solve problems (the creation of the assembly line) He cared about his workers and treated them well Ability to persuade investors to invest in him He learned from his mistakes and kept persevering He saw an opportunity to give the people what they wanted (cheap cars) com/article/197524-1 Retrieved from http://wwe.entrepreneur. (2010, November 9) (2009, October 21) Henry Ford. Henry Ford Biography. Retrieved from http://www.notablebiographies.com/Fi-Gi/Ford-Henry.html By Stephanie Kyler
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