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#118 Forty Years With Henry Ford

Founders

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Revisiting Discarded Ideas to Drive Innovation

History is full of examples where once-discarded ideas are later found to be crucial insights for innovation. This phenomenon highlights the value in revisiting and applying old ideas to new situations, leading to simplified processes, increased production, and lower costs. In the case of Ford, the concept of interchangeable parts, which was not new in 1913, played a key role in the mass production of cars. This showcases the power of drawing from historical parallels to drive progress and provide value in different contexts.

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