The Five-Dollar Day

Scientific Management.

In 1903 Henry Ford, who had started out in his career as a skilled mechanic, founded the Ford Motor Company, and in 1908 he introduced the Model T automobile. From 1910 to 1914 Ford developed the idea of mass production and made the assembly line the symbol of the automobile age. By 1914, six hundred cars a day were rolling off Ford's assembly line, and 90 percent of them were shipped immediately to dealers. Spurred on by the technological superiority of the Highland Park factory, the Ford Motor Company was a remarkable industrial and financial success. The company's net income soared from $25 million in 1914 to $78 million in 1921. Ford was an early exponent of the move toward scientific management, and his company succeeded in part by embracing modern management practices. Ford and his managers experimented with scientific management, worker welfare, and personnel management in an attempt to...

[The entire page is 1588 words long]

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