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| Author: | Bayou, M. E. Gerber, B. L. |
| Title: | A 100-year history of the control function at Ford Motor Company |
| Journal: | Journal of Cost Management
1997 : MAY/JUN, VOL. 11:3, p. 28-33 |
| Index terms: | COMPANY CONTROL CAR INDUSTRY AUTOMATION |
| Language: | eng |
| Abstract: | The development of the control function at Ford Motor Company is divided into four periods: 1903-1945, 1945-1979, 1979-1995 and 1995-2000. The Henry Ford I era, 1903-1945, is characterized by complete centralization: Henry held 100 percent of ownership of the company in 1918, no credit transactions, no dealings with banks, and the development of new control techniques including just-in-time system, target costing, mass production and the assembly line. The Henry Ford II era, 1945-1979, witnessed the Whiz Kids experience, who brought with them rigid fiscal rules and centralized bureaucracy that culminated in the Edsel disaster in the 1950s. The high-tech era, 1979-1995, is a period of fundamental changes in the control function at Ford. |
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