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26 October, 08:35

What led to Henry Ford's success as an entrepreneur? His personal wealth. His innovative production methods. His commitment to improving labor laws. His desire to pay high wages.

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  1. 26 October, 10:38
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    His innovative production methods led to Henry Ford's success as an entrepreneur. The first mass-production vehicle manufacturing plant (the cheap automobiles) was a result of Henry Ford's innovations in assembly-line techniques and the introduction of standardized interchangeable parts.

    In response to growing demand at that time, a new factory was built and it had everything to construct the vehicles (including a steel mill, glass factory, and the first automobile assembly line). Ford was able to market to the general public.

    Henry Ford was also responsible for his factory to function on a three-shift workday and operate 24 hours a day.
  2. 26 October, 12:31
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    His innovative production methods led to his success as an entrepreneur.
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