20 business classic decisions (2)

1914: Ford workers provide a reward for every $ 5 in 1914, Henry · Ford announced that the workers work time from 9 hrs to 8 hours and provide workers with a reward of $ 5 per day, which is before us $ 2.34 twice the level of wages. This message a thunderbolt struck the people of the United States. For a time, thousands of people gathered to the factory gate to seek work, but also many media blamed Ford made a huge economic error. Since 1913 his car production line was started, he is unable to retain workers. 370 per cent of workers transfer rate obliged him to employ almost every year, 5 million people can keep 1.4 million labour force, so that production is not affected. Ford hopes that day to the workers ' Pocket 5 dollars you can get more return, i.e. not only mass production car, occupation most market share.

In a sense, a daily $ 5 reward initiative seems to have changed everything.　　The first time a major industrial company made between employer and employee should not only include the contract. 1925: Sears Retail large expansion Kings · wood · Robert a return found after the war, the chain began sweeping across the country, through product price book by mail order business. In 1921, wood to his new employer Montgomery-Ward companies pointed out that the company has four distribution point, an organization of effective procurement system and good reputation, if the company is able to exploit these advantages will be able to compete across the other chain stores. But wood's comments have not been adopted by the management, and was dropped in 1924. Wood then joined Sears robach company that later became the company's CEO. Wood is aware of the city on the importance of retail shops, a post he began operations, including where to open a new store, who will manage them. Sears early some shops in the city, next to the motorway, this may seem funny, but later, as the city's expansion, these shops are let into the city. 3 years, Sears retail store has expanded to more than 300.　　In Sears, a wood known as Sears Retail expansion of parent. 1929: great depression optimists Merrill sold the hand before the coming of the stock in the United States Merrill company founder Charles · Merrill is called optimistic, although he was born poor, but rely on personal struggle among Wall Street. Merrill on stock investment with amazing insight, in the great depression of 1929 United States before he predicted that the stock market will suffer heavy losses, as early as 1928 Merrill began to advise his clients to sell their stock, almost all of them on his advice. But Merrill believe their own judgement, for most of the time Inc. stock exchange into cash, thereby allowing the Merril escaped the carnage, Merrill also because this wise and forever United States financial history. Merrill also among the first to stocks and bonds and not just the stock speculators, or Palm plaything United States effective way the general public. His efforts to bring the small investors as the foundation of the modern market, 1945, the United States only 16 per cent of families to invest in stocks, but now the ratio is as high as 50 percent.

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