Introduction:
When Henry Ford established the Ford Motor Company in 1903, he could not have foretold the profound effect he would have on the automobile industry. Henry Ford can be said to have transformed the automobile from a luxury utility into an innovation that greatly shaped the 20th Century and still continues to impact the 21st. Entrepreneurs and innovators are responsible for change in society. They formulate, develop and promote new or acquired ideas until they grow into realistic concepts and applications which become acceptable in our day to day lives. Innovation requires creativity, self-confidence, risk taking, good leadership qualities and a ...