3min chapter

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#80 Henry Ford (Today and Tomorrow)

Founders

CHAPTER

Ford's Principles of Management

High wages and low prices mean greater buying power, which means more customers. If an employer does not share prosperity with those who make him prosperous then pretty soon there will be no prosperity to share. Society must be relieved of non producers Many people that just refused to work and contribute to society. We need more creators than we ever did not fewer. Ford's principles are extremely simple. They may be compressed into three statements number one Do the job in the most direct fashion without bothering with red tape or any of the ordinary divisions of authority? To pay every man well Not less than six dollars a day and see that he's employed all the time through 48 hours a week and no longer Three put all

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