Summary History 
of
 Management
 Thought Latest Verified Review 2023 Practice Questions and Answers for Exam Preparation, 100% Correct with Explanations, Highly Recommended, Download to Score A+

History 
of
 Management
 Thought Latest Verified Review 2023 Practice Questions and Answers for Exam Preparation, 100% Correct with Explanations, Highly Recommended, Download to Score A+ Henry
Ford
and
the
Model
have
long
been
symbols
of
the
industrial
age.
Even
the
subsequent
growth
 and
success
of
Ford’s
rival,
General
Motors,
was
due
in
large
part
to
GM’s
need
to
find
an
innovative
 response
to
the
Model
T.
In
large
measure,
the
managerial
approach
of
Henry
Ford,
as
well
as
his
 preferences
in
managerial
theory,
is
a
paradigm
of
much
that
was
constructive
and
much
that
was
 imperfect‐‐in
early
approaches
to
management The
son
of
a
poor
Irish
immigrant,
Henry
Ford
was
born
in
1863
and
grew
up
on
a
farm
in
rural
 Michigan.
He
was
fascinated
by
machinery
and
was
quite
skilled
in
repairing
and
improving
almost
 any
machine.
He
started
the
Ford
Motor
Company
in
1903,
and
by
1908,
the
Model
T
was
built. In
the
part
of
the
century
when
automobiles
were
introduced,
they
were
a
symbol
of
status
and
 wealth,
the
near
exclusive
province
of
the
rich.
Ford
intended
to
change
that:
the
Model
T
was
to
be
 for
the
masses‐‐a
car
that
virtually
anyone
could
afford.
He
understood
that
the
only
way
to
make
 such
a
car
was
to
produce
it
at
high
volume
and
low
cost.
Ford
focused
his
factory
efforts
on
 efficiency,
mechanizing
wherever
possible,
and
breaking
down
tasks
into
their
smallest
components.
 One
worker
would
perform
the
same
task
over
and
over,
producing
not
a
finished
part,
but
one
of
the
 operations
necessary
for
the
production
of
the
whole;
the
incomplete
part
would
then
be
passed
on
 to
another
worker,
who
would
contribute
a
successive
operation.
Ford
was
able
to
achieve
 remarkable
efficiencies:
Although
the
first
Model
T
took
over
12
½
hours
to
produce,
only
12
years
 later,
in
1920,
Ford
was
producing
one
Model
T
every
minute.
By
1925,
at
the
peak
of
the
car’s
 popularity,
a
Model
T
was
rolling
off
Ford’s
assembly
lines
at
the
rate
of
one
every
5
seconds.