Tag Archives: Henry Ford

The One Thing Successful People Don't Do (And 9 Famous Examples)

By David K. Williams, Contributor

In the months leading up to the launch of my book, The 7 Non-Negotiables of Winning, I’ve talked a lot about winning—but I’ve talked a lot about failing, too. Learning how to fail productively—to “Fail Up”—is one of the greatest secrets to full-on success. And in that vein, I was impressed with a recent article by business author Bernard Marr. He pointed out that there is one single thing that all “radically successful” people have in common: They have a ferocious drive and hunger for success that makes them never give up. There are many varieties of success. Jobs and careers are one area, but success in family life, personal relationships, community and church work, philanthropy and sports or treasured hobbies are important success priorities as well. One thing is certain: There is no clear and definitive path to success for anyone. The most successful people in any endeavor will tell you many stories of failure within their life journeys. Many (if not all) have experienced major failures, multiple times. But they never gave up. As I have said many times, the greatest secret to success is learning how to “Fail Up.” It would even be fair to say that failure is the driver that makes truly successful people even more hungry and determined to achieve their success. In his article, Marr presented a list of nine famous successful people whose failures helped to spur their success. I would like to share them with you, along with some of my own thoughts on each: 1.     Henry Ford stands tall as a pioneer of modern business, yet this founder of the Ford Motor Company failed many times on his route to success. His first business attempt at building a motor car was shuttered after just a year and a half when stockholders lost confidence in his ability to succeed. He gathered more cash and re-started his effort, but a year later was forced out of his own company yet again. The entire motor industry had lost faith in Henry Ford, but he was not deterred. He found another investor to start the Ford Motor Company, and the rest is history. …read more

Source: FULL ARTICLE at Forbes Latest

ETC: Ford celebrates its founder's 150th birthday around the world

By Brandon Turkus

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Henry Ford, founder of Ford Motor Company and the man that is widely considered to have put America on wheels, would have been 150 years young today. Naturally, there are celebrations at Ford’s Dearborn headquarters, and the state of Michigan has declared today, July 30, 2013, Henry Ford Day.

While Ford’s flaws are well documented, his institution of the moving assembly line and $5 work day were largely responsible for the middle class explosion in Detroit during the 1910s and 1920s, while vertical integration in his production contributed even further to the affordability of Ford’s products. Ford’s company was also a key component of the Arsenal of Democracy, with the company’s Willow Run Assembly Plant one of the crown jewels of war-time production.

Besides celebrations in Michigan, Ford facilities around the globe are celebrating the 150th anniversary of its founder’s birth. Ford’s German outlet is holding five road rallies over the course of 2013, while 21 markets in the Asia Pacific region have converted showrooms into displays celebrating Ford’s history, as part of Ford Heritage month. There will be more celebrations in the coming months, as well.

Have a look through the gallery above for lots of historical photos of Henry Ford, as well as celebrations taking place in other parts of the world.

Ford celebrates its founder’s 150th birthday around the world originally appeared on Autoblog on Tue, 30 Jul 2013 18:02:00 EST. Please see our terms for use of feeds.

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Source: FULL ARTICLE at Autoblog

3-Step Plan to Unplug Your Vacation and Increase Your Productivity

By Jan Bruce, Contributor Here’s my 3-step recommendation to improve your performance as an entrepreneur: Embargo your mail when you head for vacation, relax and restore, while relying on your team to keep business moving, return with a newfound vigor that comes from a bit of distance and rest. As the leader of several high paced, high growth startups, where everyone works at breakneck speed all day and often all night, I have often demanded that my employees take two-week vacations and unplug. No email, no conference calling from the canoe, no laptop in their beach bags. It’s not that I am being a nice boss; I am being a smart one. The idea in play is to help employees do what they are supposed to do while out of the office: relax, rejuvenate, and return to work refreshed. It makes so much sense, yet in today’s corporate culture which emulates the round-the-clock availability of the digital world, it seems unrealistic, almost undesirable. Research shows that the ensuing burnout doesn’t make for good business. The Atlantic reports that typical American vacation deprivation, even if self-imposed, leads to increased mistakes on the job. And in a recent survey conducted by meQuilibrium, the online stress management and resilience training company I founded, half of the respondents checked their work email outside the office, while at the same time 73 percent felt that using electronic devices contributed to stress in their lives. We’re all email addicts and we can’t seem to help it, even though research tells us almost daily that chronic stress, unabated, has a serious impact on our health and our long-term ability to stay productive. This is why smart corporate leaders still take a cue from Henry Ford, who found that productivity increased when work hours were decreased. Today, Heineken puts an embargo on work email on weeknights after 7:30 pm and throughout the weekend. Rebecca Botorff, Chief People Officer at telecom company Bandwidth, believes that wellbeing is a cornerstone of corporate success. “Being whole in mind and spirit helps you navigate in the entrepreneurial world. We set an expectation that when you go on vacation, you specify who covers for you, and you are not to be disturbed.” Of course, it’s easier to tell employees to take off and unplug than it is to follow your own edict, but it’s just as vital that CEOs and senior execs disconnect. Often, the only way to objectively view a problem or business strategy is from the outside, and one way of doing that is to remove yourself from the office, physically and digitally. You also have to trust your employees more. Allow them step up, and to create a protocol that if there’s a true emergency, someone will let you know. Hang up your virtual “Gone fishin'” sign with an auto response that says you won’t be responding to email, and then go away. Signing off may be challenging, but it could lead to your best work yet. …read more

Source: FULL ARTICLE at Forbes Latest

George P. Mitchell: A Visionary Life

By David Blackmon, Contributor

Every great American industry has had visionary leaders as a part of its history.  Electricity had Thomas and Nikola Tesla.  Railroads had William Henry Vanderbilt.  The auto industry had Henry Ford.  Steel had Andrew Carnegie.  On and on it goes. …read more

Source: FULL ARTICLE at Forbes Latest

Why It's OK That You're Not Rushing Out to Get Facebook 'Home'

By TechCrunch

Steve Stockman official portrait Congressman moves to automatically kill Senate gun ban

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Marcio Jose Sanchez/AP Facebook CEO Mark Zuckerberg, as seen on an HTC First smartphone using the new Facebook ‘Home’ interface.

Making you feel comfortable didn’t get Facebook to a billion users. It had to push your limits of “open and connectedness.” That’s why so many of its product launches are initially met with outrage, or apprehension. But Zuck is convinced the amount we share will double each year. So if you don’t want “Home” yet, fine. It’s designed to handle how we share in 2016 so no one steals Facebook’s future.

“If you asked people what they want, they would have said faster horses,” Henry Ford supposedly said about building the car. That’s because our minds think incrementally. Mark Zuckerberg is thinking exponentially. That’s made him a pariah in the short-term, but one of the world’s most influential people nine years after he started Facebook Inc. (FB).

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Source: FULL ARTICLE at DailyFinance

The Two Patents That Built the Jet Age

By Alex Planes, The Motley Fool

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On this day in economic and financial history…

April 2 is notable for two important patents, both of which have contributed greatly to the fortunes of two longtime components of the Dow Jones Industrial Average . In fact, these two patents can be considered indirectly responsible for much of the modern industrial world’s efficiency, as well as the success of other Dow components. As such, they may be two of the most underrated patents in American industrial history.

The motor of the world
George B. Brayton gained a patent for his “Ready Motor” — an early reciprocating internal-combustion engine and one of the first internal-combustion engines ever to provide motive power — on April 2, 1872. The Brayton engine, as it’s now popularly known, maintained its operation by means of pilot flames, similar to today’s gas stovetops, and also established the “Brayton cycle,” which remains a popular principle in the construction of gas turbine engines to this day. The Brayton engine, within a few short years, would also become the focal point of the auto industry’s first major patent war.

Brayton’s Ready Motor went on display at the Philadelphia Centennial Exposition in 1876, where it caught the eye of tinkerer George B. Selden. The sight of this chugging motor inspired Selden to create the “road engine,” which was to become the first true patented automobile in the United States. This patent was to create such trouble for the early auto industry that it brought Henry Ford into a fierce legal fight that lasted for years. Before Ford’s ultimate triumph in 1911, Selden used the patent and its defensive cartel to push many other automakers to either enter licensing agreements or go out of business. Once the threat of patent litigation cleared, the auto industry was free to develop along competitive lines, rather than legal ones — and here Ford would triumph with its assembly line manufacturing process.

Although the auto industry transitioned away from Brayton-type engines very early in its history, the Brayton cycle informs the development of engines to this day. Gas turbines and air-breathing jet engines both operate under Brayton cycle principles — which means that the underpinnings of virtually all modern airline flights were first patented more than 140 years ago. General Electric leads the world in jet engines; this segment is worth more than $18 billion to the industrial conglomerate. GE also happens to be a major developer of gas generators, which makes the company — which traces its origins to the same decade in which Brayton developed his engine — perhaps the greatest beneficiary of Brayton’s innovation.

Foiling high production costs — for good
Charles Martin Hall also gained an important patent on April 2: His process for low-cost extraction of metallic aluminum from raw ore was patented on April 2, 1889. For the first time, the abundant metal could …read more
Source: FULL ARTICLE at DailyFinance

Making Your Brand Shine, Even If Tarnished

By Josh Linkner, Contributor

A hundred years ago, Detroit was the Silicon Valley of our country. This is where entrepreneurs came to build their fortunes by inventing things. Amazing creativity and entrepreneurship were the status quo – people like Henry Ford came in and did things differently, broke the mold, were imaginative, and took risks. As a result, we prospered and put our city on the map – it’s the reason we’re all here today. Over the last several years we stopped innovating and stopped winning, through a period I’d call the dark ages, as we got away from those roots. Entitlement, bureaucracy, and unnecessary systems ran rampant. Instead of building great things, our leaders focused upon cutting cost and managing control over people. So what happened? We suffered. …read more
Source: FULL ARTICLE at Forbes Latest

Report: Fiat boss Elkann being mentored by… Bill Ford?

By Zach Bowman

John Elkann, Fiat Chairman

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Fiat Chairman John Elkann has been turning to an unusual source for advice on the car business. While speaking during an interview with The Detroit News, Elkann said he often asks Bill Ford Jr. for advice on how to proceed with the turnaround at Chrysler. “It’s great to have the opportunity to share this with someone like Bill, who has experienced many things and gone through many things … especially linked to Detroit.” Elkann said.

As the Agnelli family heir, Elkann has inherited a long and fruitful friendship with the Ford family. While Giovanni Agnelli built his first Fiat four years before Henry Ford created his first vehicle, it was Ford that showed Agnelli the benefits of mass production and helped pave the way for what would become the Fiat empire.

Giovanni’s grandson, Gianni, helped mentor Bill Ford when he was elected chairman of Ford Motor Company. Now, Ford is returning the favor by helping Elkann navigate the automotive industry’s tumultuous waters.

“I have a lot of admiration for how Bill handled things,” Elkann said. “He’s been very candid and I’m very curious by nature, so being able to listen to real-life experience … is very valuable.”

Fiat boss Elkann being mentored by… Bill Ford? originally appeared on Autoblog on Tue, 26 Mar 2013 14:31:00 EST. Please see our terms for use of feeds.

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Source: FULL ARTICLE at Autoblog

$25 Raspberry Pi Model A ships in Europe and soon the world

Just as Henry Ford revolutionized the auto world with his Model A, the scrappy lot at Raspberry Pi are doing the same with the computing world with their Model A.

raspberry pi

Priced at $25, the Raspberry Pi Model A went on sale in Europe today, although that restriction will be lifted “very soon,” according to a blog at the Raspberry Pi Foundation website.

In the United States, the Model A can be pre-ordered from Allied Electronics. The units will also be available for onsite purchasing at Newark/element 14 when they’re cleared for U.S. sale.

When the Linux-based Model A was introduced last year, it sold out in a matter of minutes.

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Source: FULL ARTICLE at PCWorld

GOP: Stuck in Failure

By Steve Forbes, Forbes Staff When Alfred Sloan took over a nearly bankrupt General Motors in the early 1920s, the rival Ford Motor Co. had an almost 60% market share. No other company came close to making a car as cheaply as Ford made its Model T. So Sloan changed the rules of the game by doing things that today seem mundane but at the time were highly innovative: allowing consumers to buy cars on credit; letting customers choose the color of their vehicles (Henry Ford famously said that Model T buyers could have any color they wanted as long as it was black); instituting the annual model change, which created excitement each year over new designs and technological breakthroughs; and segmenting the market instead of sticking with Ford’s one-model-for-all approach. Within a few years GM surpassed Ford in sales, and despite all the recent turmoil it maintains that position today.
Source: FULL ARTICLE at Forbes Latest