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Henry Ford’s Campaign to Make America Great Again

• zer00eyz 10y ago
  For as much as I like this article it really sells Ford as an industrialist short. He had two policies/practices in his business life that we seem to have forgotten of late. 1. His ideas about pay are antithetical to how a lot of businesses run today. For ford turn over was bad, really bad, and paying his workers MORE meant that he could retain them and their skill. http://www.forbes.com/sites/timworstall/2012/03/04/the-story-of-henry-fords-5-a-day-wages-its-not-what-you-think/#250e73c41c96 http://www.forbes.com/sites/timworstall/2012/03/04/the-story... --- This is the opposite of how walmart runs, and how we produce goods. 2. The amount of vertical integration he undertook, and the businesses it created. His amazon adventure was about securing rubber, and he had some other interesting offshoots as well, like kingsford charcoal https://en.wikipedia.org/wiki/Kingsford_(charcoal) https://en.wikipedia.org/wiki/Kingsford_(charcoal)
  • zzalpha 10y ago
    Vertical integration is actually incredibly common these days. There's a reason Comcast owns NBC... As for retention pay, depends on the organization. Walmart and Costco are on opposite ends of the spectrum in that regard.
    • zer00eyz 10y ago
      > Vertical integration is actually incredibly common these days. It is more common! Some companies have gone a bit crazy with it, YKK zippers being a great example.