Concerning henry ford business philosophy

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Henry Ford's belief that he had an obligation to the public to return higher profits that resulted from cost reductions in the production system to his customers by lowering prices. Ford was a privately held company with no shareholders. Henry Ford built vast equity by investing in his production systems. He did not siphon off profits into personal accounts to increase his personal wealth and to enhance his life style. He took an moderate level of compensation by todays standards living in the same house throughout his adult life.

What are your thoughts concerning Henry Ford's business philosophy?

Reference no: EM132290701

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