Critical Analysis to Compare and Contrast two Successful Contemporary Leaders (Essay Sample)

CRITICAL ANALYSIS TO COMPARE AND CONTRAST TWO SUCCESSFUL CONTEMPORARY LEADERS
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Compare and Contrast Two Successful Contemporary Leaders
Contemporary leaders are leaders who existed, come to being, or lived at the same period. Examples of the two leaders that the essay will focus on are Henry Ford the founder of ford motor company and Alfred P. Sloan of the general motors (Sloan 2004).
These are the two most successful businesspersons in motor industries in early 1900s. They have several similarities and difference in their skills (Laudon & Laudon 2011).
Similarities between the two leaders
Both the leaders were a symbol of intense revolution that was taking place in most of the industries in United States of America between 1910-1920. Ford introduced the automatic assembly line in 1913 and this changed the manufacturing industry in America. On the other case, Sloan came up with the introduction of annual model change, to attract motorist and so off the new type of cars in the market (Baldwin, Hodges & Poenisch 2000).
The leaders led to the increase of mass production in America and it increased from 6.7 million to 20 million by 1920. This is because they put more effort in car production by having different policies that facilitated this rise, for example, Ford increased the wages of his workers, to motivate them in increasing the production, and Sloan’s objective was to make money so they could produce more cars so that they achieve that (Baldwin, Hodges & Poenisch 2000).
They led to the affordability of vehicles in America. The two leaders always wanted their produce to be affordable to the people so they had different tactics in doing that (Laudon & Laudon 2011).
For instance, Ford always reduced the cost of buying a car to make more sells while Sloan came up with national consumer credit agency to give out credit to consumers (Sloan 2004).
The two companies led to the improvement in advertisement agencies in America. Because there were vast productions of cars in the region and due to the competition of market for the produce, this required the advertising agencies to up their game (Baldwin, Hodges & Poenisch 2000).
The First World War affected them all. During this period, there was a decrease in market for the cars because most people feared that the cars would be destroyed during the war hence it led to a decrease in market (Laudon & Laudon 2011).
Differences between the two leaders
The two leaders differed in selling price method. Ford always cut down the price of the cars to increase the sales of the cars while Sloan did not cut down the prices of the cars; he said that people might pay more depending on luxury and prestige this means he wanted people to pay more(Baldwin, Hodges & Poenisch 2000).
The two leaders did not have the same payment system (Sloan 2004). Ford had a knowledge that by increasing the wa...