Henry Fords Huge Impact on the World Essay - 696 Words

Henry Ford Can you imagine life without cars? Recent numbers states that each household owns at least two cars. Henry Ford built the automobile; it made it easier for transportation. Henry Ford made a huge impact on the world. Henry Ford was born July 30, 1863, on his family’s farm in Wayne Country. He died April 7, 1947. Ford grew up the oldest of six children on his parent’s farm. Henry Ford had four siblings. They’re names were Jane, Margaret, William, and Robert. Henry Ford mother was Mary Ford, and his father was William Ford. When Henry was twelve, his mother died of childbirth. Henry Ford spent his childhood on his familys farm, located just outside of Detroit, MI. From the time he was a young boy, Ford enjoyed tinkering with†¦show more content†¦In October 1908, he did so, offering the Model T for $950. Henry Ford and his engineers used the first 19 letters of the alphabet to name their automobiles, although some of the cars were never sold to pu blic. Fords affordable Model T irrevocably altered American society. Henry Ford invented the Quadicycle. On June 4, 1896, Henry Ford, at age 32 completed his first successful horseless carriage. Henry Ford asked a friend to build a wall and a door so Henry can build a car. J. Kent Smith showed steel, and Mr. Ford thought it would be good for his car. Henry begins experimenting with home built gasoline internal combustion engines. Ford spent his irregular hours on his efforts to build a gasoline-powered horseless carriage, or automobile. Then, Henry started to think of good for his invention. Ford, driving his own car, beats Winton in an automobile race, attracts investors who form Henry Ford C.O. Ford overtakes Olds, Buick and Cadillac combined to become Number One automaker in U.S., a position it holds for 20 years; Henry Ford becomes company President and majority owner. Ford Motor C.O. founded by Malcolm’s son group, Model A produced in rented Mack Ave. plant. Ford incorporated the Ford Gustafson 3 Motor Company in 1903, Michigan begins Operations as the first moving automobile assembly line in the world. The assembly line slashed the time needed to complete each car from about 12  ½ hours toShow MoreRelatedHenry Ford Started the Car Revolution789 Words   |  3 PagesHenry Ford Who is the person that started the car revolution? Who is the person that introduced us to the world of automobiles? The answer is Henry Ford. Henry Ford was a successful man that created the Ford automobile. Henry Ford’s company is still making great profit in business. Henry Ford wanted to stop World War II by creating tanks, jeeps, and other armed forces but it still didn’t work. Still, Ford’s automobiles were affordable and he became a very rich and a well-known man. Henry has achievedRead MoreResearch Paper Henry Ford1111 Words   |  5 PagesDaniel Rodriguez English 10 Mrs. Toman March 29, 2011 Research Paper: Henry Ford Imagine how life would be if our society did not have cars. Today, our society is dependent on cars for our daily routines. From transporting our food, clothes, and technology to just going to the store across the street, cars are a very important part of our society. In the 19th century, only the wealthy and upper middle class had access to automobiles, and they only used cars for fancy transportationRead MoreHenry Ford s Lasting Legacy1483 Words   |  6 PagesHenry Ford’s Lasting Legacy â€Å"Any customer can have a car painted any colour that he wants so long as it is black.† (Henry Ford). Henry Ford is one of the world’s most renowned leaders for the automobile industry. The son of a farmer, Ford has always been interested in how things worked. 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In order to learn more about the engines and be more successful, Henry Ford built friendships with the men who ran the full-sized steam enginesRead MoreThe Flivver King: Henry Ford1571 Words   |  7 Pagesï » ¿The Flivver King: A Story of Ford America In the early 1900’s Henry Ford developed the idea of â€Å"a wagon that will run without a horse†.1 This idea and Ford’s success changed America and its people forever. The development of the automobile played a tremendous role in the economy, labor unions and society. Generally, when most people think of Henry Ford they reflect upon his wealth and contributions to the transportation industry as an infinitely positive phenomenon. It is thought that asideRead MoreHenry Fords Impact On Society1744 Words   |  7 Pagesof the last century, Henry Ford can take accountability for creating the American middle class. We can thank him or curse him, but either way, we have to acknowledge the impact Henry Ford had on our society. You might not know that Henry Ford did not start out as a successful producer of automobiles. After building his first car, the Quadricycle. â€Å"In 1899 he formed the Detroit Automobile Company, which quickly failed after only a few vehicles were produced.† (Stanford). Henry and some of his originalRead MoreHenry Ford Paper1781 Words   |  8 Pagesadult life of Henry Ford. Henry ford’s young life, in this paper will consist of his childhood. The paper will then describe all of his education and early jobs. Finally, this paper will conclude with Henry Ford’s adult life and home life (what he did when he wasn’t working), his career’s work and the impact Henry had on American History. This paper should help the reader better understand the life of Henry Ford: Who he was? Who he is? And why he was so vital to our American History. Henry Ford, bornRead MoreHenry Fords Responsibility For Creating The American Middle Class1680 Words   |  7 Pagesperson of the last century, Henry Ford can take responsibility for creating the American middle class. We can thank him or curse him, but either way, we have to acknowledge the impact Henry Ford had on our society. You might not know that Henry Ford did not start out as a successful producer of automobiles. After building his first car, the Quadricycle. In 1899 he formed the Detroit Automobile Company, which quickly failed after only a few vehicles were produced. Henry and some of his original investorsRead MoreAn Overview On An Evolving Era1623 Words   |  7 PagesMadison Pohl Mrs. Christoffersen 11A – Era Research Paper 23 October 2015 An Innovating Era One of the most famous innovative engineers of all time, Henry Ford, once said, â€Å"You can t build a reputation on what you are going to do.† Between 1850 and 1914 the American people happened to be living by this. Everyone tried creating something to profit, not to satisfy American needs, but some Americans built a reputation doing the opposite of that. During the years between 1850 and 1914, Americans wereRead More72F. Mr. Fredrick. Advanced English 9 - 7. February 8,999 Words   |  4 PagesAldous Huxley, he portrayed many of his problems in Brave New World. Huxley wrote a work that not only made the reader look upon Huxley’s time, but also make them look at their own and make a connection to see if the reader had similar problems still occurring. Literary devices such as characterization and allusions were used by Huxley to give the reader an idea of what was occurring in Huxley’s lifetime. Throughout Brave New World Huxley expressed three main problem s: religion, the role of women

Business Ethics Of A Real Life Business Law Ethics Dilemma

Caleb Holbrook Michael Fore GBU 204 April, 15 2016 Business Ethics Paper Two In this ever evolving world that we live in today many problems and drastic things happen. I chose a web article discussing the facts of a real life business law ethics dilemma that involves something about 99 percent of society has today. Ten years ago it was a simple flip and few keys to make phone calls or a simplistic text message; today it has evolved into a hand held computer with advances that never would have been imagined. Phones are used in business to make clientele list, web videoing with clients, setting appointments endless uses. Cell phones have become an integral part of communication in businesses. Sales departments, field workers and traveling employees use them to communicate with the firm or with clients. Global Positioning Service allows you to take work into the field and become mobile. They fill an important void in distance communication used by appointments face to face. On the other hand cell phones do present some challenges for qu ality business organizations. Or in this case can lead to the conviction of a criminal who committed murder. Three possible theories of ethical thought are possible in this case. The first being teological ethics which is theory of morals that derives responsibility or ethical obligation from what is good or desirable as an end to be achieved . Second deontological ethics of thought is which holds that the minimum standardsShow MoreRelatedEthics And Code Of Ethics1043 Words   |  5 PagesEthics are concerned with how human been ought to act given a certain set of condition. The ethics govern an individual while making decisions especially when multiple choices are represented. Business, for instance, has set of principles which act as a guide on how the employees ought to conduct themselves while executing their duty .The set of rules and principles refer to the code of ethics. 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In you they have taken bribes to shed blood; you have taken interest and profits, and you have injured your neighbors for gain by oppression, and you have forgotten Me† (Ezekiel 22:12, New American Standard Bible). Ezekiel 22:12 reminds one that to succeeded off the backs of others in a dishonest fashion, stands against the teachings ofRead MoreThe Impact Of Information Technology On Society And Legal Requisites1148 Words   |  5 Pagesmembers. I was an amazing life time experience of eight weeks and I tried my best to travel smoothly on this track. As I enrolled in ITPS subject I have learnt and grown from this subjects that I thought possible. As stated in the class the goal of learning this subject is to expose the legal responsibility and professional behavior by studying different case studies and present IT related articles which represent ethical, social and/or legal issues, situation and dilemmas. In doing this, tutorialsRead MoreOp 10 Principles For Positive Business Ethics Essay799 Words   |  4 Pagesop 10 Principles for Positive Business Ethics By Philip E. Humbert | Submitted On January 04, 2005 Recommend Article Article Comments Print Article Share this article on Facebook 10 Share this article on Twitter 2 Share this article on Google+ 2 Share this article on Linkedin 2 Share this article on StumbleUpon 1 Share this article on Delicious 2 Share this article on Digg Share this article on Reddit 1 Share this article on Pinterest 2 This morning, I read about a company using on-line auctionsRead MoreComplete Guide to Ethics Management: an Ethics Toolkit for Managers10784 Words   |  44 PagesGuide to Ethics Management: An Ethics Toolkit for Managers Written by Carter McNamara, MBA, PhD, Authenticity Consulting, LLC. Copyright 1997-2008. (This guide is located at http://www.managementhelp.org/ethics/ethxgde.htm on the Web.) The profession of business ethics has long needed a highly practical resource that is designed particularly for leaders and managers -- those people charged to ensure ethical practices in their organizations. Unfortunately, far too many resources about business ethicsRead MoreCase Study: Ethical Issues Confronting Jacob966 Words   |  4 Pagesthe large number of ethical issues confronting Jacob, he may wish to make a decision as to whether he truly desires to work in such an unethical culture. The environment of a business can certainly influence the individual employee, either for good and positive aspects, or in a bad or negative manner. Organizational ethics are definitely in play in this particular case study. A 2010 study found that an organizational culture reflects more than rules and structure within an organization, but representsRead MoreAssiginment 1 Ethical1713 Words   |  7 Pagesï » ¿ Assignment 1 Ethical Dilemmas Legal and Social 115103 Coordinator Name: Jackie Loong Student ID 10189179 Number of words: 1651 Date: 20th August 2013 The definition of an ethical dilemma is a situation that involves conflict between moral imperatives in a way to obey each other. (Shaw,Barry and Sansbury,2009) There is no right or wrong answer when decisions are made. In this situation of the case we have Mike, who is a new accounts payable employee of the soft wear salesRead MoreEthical Issues Of The Managerial Accounting Profession1186 Words   |  5 Pagesdue to its complexity in today s business world it may generates sort of excesses that can negatively affect the business environment as well as the social life. Therefore, it becomes necessary to stress on the ethics and morals that should be prevalent in the business community. The term ethics in the business environment expresses the expected attitude of the individuals in organizations that carry out certain activities and services. Clearly, today’s business environment has obvious ethical issuesRead MoreEssay on Business Ethics and Social Responsibility1806 Words   |  8 Pagesnotion of ethics deals with people’s behaviors within a company. Social responsibility involves a company’s moral obligations and the manner in which the organization makes its decisions. Although ethics and social responsibility are similar on a conceptual basis, each has its own unique characteristics that express their differences and its independence of the other. Ethics and social responsibility have to be present and coincide with one another for a business to be ethically sound. Ethics is the

Solution on Business Development & Chain Planning Systems

Question: Discuss about the Innovation and Business Development for Chain Planning Systems. Answer: Supply chain AC Gilbert mainly adheres to the supply chain planning systems (Tayur, Ganeshan and Magazine 2012). They first look into the demands of the customers and depending on that get the raw materials from the suppliers and deliver the products to the customers. Operational systems The operational system AC Gilbert is can be presented in the form of the following flow chart A small group of designers designs the products. The planning department studies the design and plans the raw materials required for the designs. After the evaluation, the raw materials are then ordered for the manufacturing the toys. The manufacturing department takes the orders from the planning teams and makes the purchases for manufacturing the products and for packaging purposes. After the manufacturing and the packaging is done, the products are then stored in the warehouses, ready to be dispatched. Where the operations for the manufacturing team ends, the operation process for the sales team begins (Davenport 2013). The sales team does the promotion and collects the orders from the customers. In this case, the team will learn the taste and preference the customers. The products are then distributed by using contract transport to the retailers. The retailers then sell the products to the customers. Product/service delivery The products of AC Gilbert were designed to last long and hence, they were packaged well for the delivery. During the delivery, the products were packaged so that it is not damaged. Erector set is packaged in metal boxes that are long lasting (Ahi and Searcy 2013). Key result areas (KRAs) The Key Result Areas (KRAs) will be decided by the profit made by the organization. If the customers are satisfied with the services of the organization, chances will be high that they will make more purchase. Thus, the profit of the organization will be the best way to understand the KRAs. Key performance indicators (KPIs) The time takes between the designing phase and the products reaching the retailers to reach to the customers will help in understanding the effectiveness of the supply chain management. The supply chain management of the organization is mainly based on the demand of the customers (Noruzy et al. 2013). Hence, they should be able to make faster delivery and give prompt services to the customers according to their demands Performance reviews It has been seen that the taste and preference of the customers have evolves over the period of time. The children are preferring more realistic toys rather than the dolls (Park and Shaw 2013). The review of the performance of AC Gilbert will be best told by the customers. When the customers will get the new minds of toys from AC Gilbert, they will be happy and their reviews will help in reviewing the work of AC Gilbert. Service level agreements As the users of the products are customers, and in this case the teenagers, they will be the best people to tell about the Service level agreements (SLA). The assessment made by the customers regarding the quality, delivery and the durability of the products will be considered the exact assessment (Meier and OToole 2013). Quality design/manufacturing Until 1963, the dolls were of poor quality and the similar types and designs of clothes were used repeatedly. As the customers now prefer dolls whose clothes can be changed, hence the design of the clothes were changes by keeping in mind the key result areas (Cina 2013). Sales As per the data, in the year 1965, the sales of AC Gilbert rose drastically from 11.4 million is the previous year. Thus, it can be said that the measures implemented at the organization have been helpful for the organization. However, the sad part is that, it again dropped in the year 1966. Profit The pricing of the products at AC Gilbert needs to be done properly as it can be seen that the profit dropped to $2.6 million in the year 1964 from $5.7 million in the year 1963. However, in the year, 1966, the effective measures taken by the organization proved helpful as it rose to $12,872,000. Supply chain performance (delivery) In the year 1964, the cardboard boxes were replaced by the metal boxes for the delivery of the products. The organization understood that the consumers would like to get products that are durable enough (Green et al. 2012). Business growth staff and management performance and/or turnover The new CEO Isaacson dismissed the sales team that was appointed by Jack Wrather. Isaacson altered the spending and channeled the sakes through independent manufacturers. In this way, they were able to acquire more customers and were updated regarding the taste and preference of the customers. Market share In 1950, AC Gilbert became one of the most famous toy companies of the unites states woth the sales of $17 million at a regular basis. Reputation Formerly known as The Mysto Manufacturing Company, AC Gilbert gained reputation in the market for producing the good quality toys that are durable and innovative. Stability The company gained stability in the market by the constant sales with the good quality products. Profit In spite of high-priced products, the sale of the products was stable. Sales The annual sales regularly topped $17 million. Ability to adapt to change Prior to 1960, the company was not adaptive to change. After the death of AC Gilbert senior in the year 1961, there was change in the product line brought by Jack Wrather. Customer service standards AC Gilbert never produced cheap products and along with the price, they kept in mind to give good quality products to the customers. Innovation Alfred Carlton Gilbert made the innovation in the toy industry by inventing the erector engineering set. Employee performance The employees performed well in the organization and it is due to the hard work of the employees, AC Gilbert was able to high quality toys (Budhwar and Debrah 2013). However, with the death of Gilbert senior, the performance went downhill. Production and manufacturing AC Gilbert produced high quality toys but the ranges of products were limited. They believed that they should be able to satisfy the customers first and should not compromise with the products. Internal As AC Gilbert mainly deals with the toys that are used for educational purpose, hence, it is important that the organization consult engineers. The engineers might help in giving ideas to enhance the quality of the products and the latest changes in the technological field that could be incorporated in the products. AC Gilbert needs to hire effective staffs for the manufacturing process. Those staffs will be able to meet up to the demands of the customers. The manufacturing staffs will be able to understand the designs that will be given by the designing department. As the organization has been through a downturn, hence, it is important to gore human resource manager who will be able to tell about the thought process of the employees (Armstrong and Taylor 2014). After the downturn, the employees need to motivation to perform better in the competitive market. External To enhance the business of the organization, marketing consultants could help the organization to perform better. As the demand for the new era of toys is on the rise, hence, the marketing consultants could help AC Gilbert to identify the prospective customers in the field. The need for advertising experts will be less as AC Gilbert is doing an extensive advertising for the organization. References Ahi, P. and Searcy, C., 2013. A comparative literature analysis of definitions for green and sustainable supply chain management.Journal of Cleaner Production,52, pp.329-341. Armstrong, M. and Taylor, S., 2014.Armstrong's handbook of human resource management practice. Kogan Page Publishers. Budhwar, P.S. and Debrah, Y.A. eds., 2013.Human resource management in developing countries. Routledge. Cina, C., 2013. Creating an effective customer satisfaction program.Journal of Consumer Marketing. Davenport, T.H., 2013.Process innovation: reengineering work through information technology. Harvard Business Press. Green Jr, K.W., Zelbst, P.J., Meacham, J. and Bhadauria, V.S., 2012. Green supply chain management practices: impact on performance.Supply Chain Management: An International Journal,17(3), pp.290-305. Meier, K.J. and OToole, L.J., 2013. Subjective organizational performance and measurement error: Common source bias and spurious relationships.Journal of Public Administration Research and Theory,23(2), pp.429-456. Noruzy, A., Dalfard, V.M., Azhdari, B., Nazari-Shirkouhi, S. and Rezazadeh, A., 2013. Relations between transformational leadership, organizational learning, knowledge management, organizational innovation, and organizational performance: an empirical investigation of manufacturing firms.The International Journal of Advanced Manufacturing Technology,64(5-8), pp.1073-1085. Park, T.Y. and Shaw, J.D., 2013. Turnover rates and organizational performance: A meta-analysis.Journal of Applied Psychology,98(2), p.268. Tayur, S., Ganeshan, R. and Magazine, M. eds., 2012.Quantitative models for supply chain management(Vol. 17). Springer Science Business Media.

Unfinished Victoria Chemicals Plc a Analysis free essay sample

1. Victoria Chemicals evaluate its capital-expenditure proposals in four ways. They are average annual addition to earnings per share, payback period, net present value, and internal rate of return. An earnings per share method is to indicate a company’s profitability. For Victoria Chemical, this was calculated with the average annual earnings per share contribution of the engineering-efficiency project over its entire economic life. However, for the basis of the calculation, the project’s initiator used the most recent fiscal year-end’s outstanding shares.If possible, using the company’s average weighted number of outstanding shares because this will change over the project’s lifetime. A payback period method is a simple way to decide if this project is reverting from loss to gain within a given period. For Victoria Chemicals engineering-efficiency project, the maximum payback period was six years and the calculation turns out to be 3. 8 years. According to this result, the company would accept the project but this method does not consider the possible cash flows after six years. We will write a custom essay sample on Unfinished Victoria Chemicals Plc a Analysis or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Even though the project is assuming the payback will be in 3. years, but it’s unclear how much needs to be invested before the 3. 8 years. Next is the net present value which focuses on all cash flows and incorporates discounted cash flows based on time and risk. This is the best method to determine whether to accept the engineering-efficiency project or not because if the result is positive, it will increase shareholders’ wealth. Although the net present value is the best method but it’ll be better if combined with the result of internal rate of returns calculation. The rate shows when the net present value of the project will reach zero.It is an important companion statistic in addition to net present value. The requirement of the engineering-efficient project requires internal rate of returns to be greater than 10% and the result was 24. 3%. In conclusion, this project can be accepted with net present value and internal rate of return. 2. The Transport Division suggested that the cost of the tank cars should be included in the initial outlay of Merseyside Works’ capital program although Merseyside Works disagreed because they believe the tank cars are an excess capacity of the company.In my opinion, the tank cars are an opportunity cost. Currently this allocation is out of excess capacity but using it for the Merseyside Works would mean the return on the best alternative foregone for these tank cars. The transport division could have various opportunities such as lend it or even sell it for cash. Nonetheless, the depreciation of the tank cars are changed due to the massive usage and it will make an impact on the cash flows for the transport division. In conclusion, it would be more reasonable to include this excess cost to the preliminary cash flow analysis.