My Life and Work

Henry Ford (1863—1947) was the founder of mass assembly-line production, a man who played a key role in the formation of the global automotive industry. His book “My Life and Work” (1922) is a memoir reflecting Ford’s extensive personal experience in organizing production.
Ford’s main idea about business is that business should first and foremost be oriented toward usefulness to society, and money is the consequence. When the goal of business is only money, unjustified markups and all kinds of speculation appear.
If Ford managed to reduce the cost of manufacturing a car, then the selling price on the market also decreased, which led to even greater accessibility of the automobile to all segments of the population.
Henry Ford was one of the best managers of his time: he managed to organize profitable and efficient production while paying workers decent wages.