"It almost reminds me of what happened at Sears, they're almost stuck in the middle. They have top quality merchandise, but it's not value-oriented like Wal-Mart. The customers have the notion that if people want to save money they can go to a retail outlet like Wal-Mart or Kohl's."
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The inventor of the modern production line and the Model T Ford, Henry Ford not only revolutionized the automobile industry, but all manufacturing plants with his idea of mass production using an assembly line. The results of his innovation caused the price of cars to drop drastically, making them affordable to the average person. In contrast to other businessmen at the time, Ford treated his workers well. He made the 40-day workweek a standard in all of his plants. Ford was also a philanthropist, establishing the Ford Foundation in 1936. The foundation provides grants for research and…
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