Profile of Ford Motor Group - Henry Ford organisation Lab Report

Profile of Ford Motor Group - Henry Ford organisation - Lab Report Example The organisation culture of FMC has also been a heritage for the company, which would be evaluated in the report. Finally the framework of FMC for motivating the employees would be scrutinised so as to understand the human resource management initiatives of the company. FMC has always believed in one theme when it comes to human resource, i.e. ‘One Team, One Plan, and One Goal’ (Ford Motor Company, 2013). It has always tried to deliver solutions which will affect not only the business but the lives of people. It is the motto of the company to support and develop its human resources that design, develop, and sell the best vehicles in the world. Company Overview FMC is one of the most famous automobile manufacturers in the world. The company is headquartered in Dearborn, Michigan, USA. It was founded in 1903 by Henry Ford. FMC was the most sold automobile brand across the world before World War II. The large scale car manufacturing concept was introduced by Ford Motors in 1914 (Ford Motors Company, 2011). Ford has been a stable company all throughout its journey, though the company was also a victim of the global financial crisis which engulfed many stable leading companies of America, but Ford managed to save itself from bankruptcy. It recorded an operating profit of $ 8.8 billion in 2011, or $ 1.51 per share earnings. This revenue figure states that there has been an increase of $463 million in 2011 from 2010. The net income amounted to $20,213 in 2011, which is much higher than the net income of 2010, $6,561 million. The company is also into financing of vehicles, insurance and leasing (Bloomberg, 2012). Profile of Henry Ford ‘Entrepreneurs are not born, rather they become through the experiences of their lives’, has been stated by Professor Albert Shapiro of Ohio State University (National Content Standards for Entrepreneurship Education, n. d.). This saying is appropriate for Henry Ford. Henry Ford was born on the 30th of July 1863. He is well-known around the world, of course for FMC, but apart from this, he is also known for developing the system of mass production with the help of assembly line. Henry Ford discovered the creed called Fordism, which preached mass production of inexpensive products by offering high wages to workers (Seligman, n. d.). He had intense commitment towards reducing the cost of production and offering automobiles to Americans, which they can easily afford to buy. It was the vision of no one other than Henry Ford, to offer unprecedented mobility to the people which changed the lives of millions around the world. He is not only remembered for the automobiles that his company produced, but also for improving the standard of living of people through his inventions such as Ford Model T, or Qadricycle, and the assembly line approach (Ford Motor Company, 2012). Henry Ford introduced better automobiles after Qadricycle, and in order to publicise them, he drove his own race cars. The first c ar that FMC sold was in 1903, and it was a Model A car which was sold to a dentist at a price of $850. However, Henry Ford became one of the richest men in the world, mainly because of Model T cars. Even during 1914, he paid $5 per day wage to his workers. Henry Ford had a view that if the