What are the major challenges that thomas edison faced

Assignment Help Business Management

Reference no: EM133330617

Case Study: When he was young, Thomas Edison's parents took him out of school after his teachers declared that he was "stupid" and "unteachable." Edison spent his early years working and being fired from various jobs, culminating in his firing from a telegraph company at the age of 21. Despite these numerous setbacks, Edison was never discouraged from his true calling in life: inventing! Throughout his career, Edison obtained more than one thousand patents. And although several of these inventions such as the light bulb, stock printer, phonograph and alkaline battery - were groundbreaking innovations, the vast majority of them could be fairly described as failures. Edison is now famous for saying that genius is "1% inspiration and 99% perspiration." One of Edison's best examples of perseverance occurred after he was already a successful man. After inventing the light bulb, he began seeking an inexpensive light bulb filament. At the time, ore was mined in the Midwest of the United States, and shipping costs were very high. In order to minimize his costs with ore, Edison established his own ore-mining plant in Ogdensburg, New Jersey. For nearly ten years, he devoted his time and money to the enterprise. Edison also obtained 47 patents for innovations that helped make the plant run more smoothly. And even despite those inventions, Edison's core project failed because of the low quality of ore on the East Coast. However, despite that failing, one of those 47 inventions (a crushing machine) revolutionized the cement industry, and actually earned Edison back almost all of the money he had lost. Later, Henry Ford would credit Edison's Ogdensburg project as the main inspiration for his Model T Ford assembly line. And in fact, many believe that Edison paved the way for modern-day industrial laboratories. Edison's foray into ore-mining demonstrates that dedication can pay off even in a losing venture.
Questions:

What are the major challenges that Thomas Edison faced?
What were his achievements?
What are the causes for his success?

Reference no: EM133330617

Questions Cloud

Mitigate any particular challenge you discuss : LABOR STUD 37:575:303 Rutgers University Also, in the forum posting highlight at least one policy recommendation that could mitigate any particular challenge

Determine future-proofed innovation strategies : Determine future-proofed innovation strategies according to organisational requirements.

Why did an official report blame the previous government : Why did an official report blame the previous government and the two governors of the central bank regarding the Popular Bank in Cyprus?

Define key lean concepts such as value stream : Define key lean concepts such as value stream, one-piece-flow, pull versus push systems, heijunka, jidoka, kanban, and genchi genbutsu ("go and see").

What are the major challenges that thomas edison faced : What are the major challenges that Thomas Edison faced? What were his achievements? What are the causes for his success?

Enumerate consumer product ideas : Enumerate consumer product ideas (one that is used in daily living and usually sold with labelling and packaging) and put an original twist to them.

How did ensure team members acquired the necessary knowledge : How did you ensure that team members acquired the necessary knowledge and skill to apply the protocols and processes?

Discuss the strip club financial management : As you write this section, consider that the way company finances are managed can be the difference between success and failure.

Would the correlation be positive or negative : Clarify the operational definition of each variable. Would the correlation be positive or negative? Do you think that this correlation would be strong or weak?

User Account

All Pages