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#9 I Invented the Modern Age: The Rise of Henry Ford

Founders

NOTE

Ford Motor Company's Lean Start and Investment Strategy

The Ford Motor Company started in a simple warehouse with 12 boys assembling automobile parts from other manufacturers, reflecting a lean and cost-effective approach. The company's version of the minimum viable product involved minimizing factory costs and focusing on selling before investing in their own factories. This approach allowed for successful product validation before committing to expensive infrastructure. The investment strategy emphasized avoiding tying up money in big factories, reinforcing the emphasis on efficient and lean operations.

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