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Henry Ford's Three-Step Teamwork Formula for Lasting Success

Henry Ford's Three-Step Teamwork Formula for Lasting Success
Quote Of The Day: Henry Ford's three-step formula for lasting success · livemint.com

Henry Ford was a famous man who helped make cars for regular people.

He was born on a farm in Michigan in 1863 and loved machines even when he was young.

He started a company called the Ford Motor Company in 1903.

In 1908, his company made a car called the Model T that many families could buy.

Ford's big idea was a moving assembly line, where workers each did one small job and cars got built much faster.

Building a car took 728 minutes at first, but with the assembly line it only took 93 minutes.

He also paid workers five dollars a day and gave them shorter work hours, which made them happier.

Ford said that coming together is the beginning, keeping together is progress, and working together is success.

That means teams do better when everyone helps each other.

Key facts

Born
July 30, 1863, in Wayne County, Michigan
Founded Ford Motor Company
1903
Model T launched
1908
Moving assembly line introduced
Between 1913 and 1914
Assembly time reduced
From 728 minutes to 93 minutes
Peak Model T production rate
One vehicle every 24 seconds
$5-a-day wage
Introduced with reduced working hours
Died
1947

Quotes

Henry Ford

American industrialist and founder of Ford Motor Company

“"Coming together is the beginning. Keeping together is progress. Working together is success."”
livemint.com

Sources

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