"There is one rule for the industrialist and that is: Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible"
- Henry Ford
About this Quote
Henry Ford's quote highlights the importance of producing quality goods at a low expense while paying staff members a fair wage. He is suggesting that businesses should aim to develop the very best items possible while keeping costs low and salaries high. This quote shows Ford's belief that services need to be accountable for their employees and the items they produce. He is promoting for a balance in between quality and expense, as well as a reasonable wage for employees. This quote also reflects Ford's commitment to the concept of performance and productivity. He thought that businesses need to strive to be as effective and productive as possible in order to make the most of revenues. By producing quality products at a low cost and paying staff members a fair wage, organizations can achieve this goal. Ultimately, Henry Ford's quote is a tip that services should make every effort to create the best products possible while keeping costs low and salaries high.
This quote is written / told by Henry Ford between July 30, 1863 and April 7, 1947. He was a famous Businessman from USA.
The author also have 49 other quotes.
"Don't lower your expectations to meet your performance. Raise your level of performance to meet your expectations. Expect the best of yourself, and then do what is necessary to make it a reality"
"The man who makes everything that leads to happiness depends upon himself, and not upon other men, has adopted the very best plan for living happily. This is the man of moderation, the man of manly character and of wisdom"
