The engineer took out an axe and slammed it into the brick wall.
It was June 1896. The young man had spent months working in a small brick shed behind his rented house, only to realize, at 4am, that the door wasn't big enough for what he'd built.
His name was Henry Ford. His creation, the Ford Quadricycle.
His atomic insight was simple: He began viewing the factory itself as the product.
While others obsessed over the car, he obsessed over the factory. By the early 1920s, Ford owned an extraordinary 60% of the U.S. automobile market.
But around 1921, the ground began to shift. And while Ford was destroying new prototypes and rejecting changes, Alfred Sloan was building General Motors with adaptation as its core principle.
Sloan had a different atomic insight: He began viewing the company itself as the product. Under Sloan's management, while Ford sputtered, GM's market share doubled, from around 10% at the start of the decade to around 20% by 1925.
The lesson isn't Don't be a Ford or Be a Sloan. Rather, it's Be a Ford, then a Sloan.
In this piece, I explored why the skill set that gets you to your first million isn't the same as the one that gets you from one to ten. And why, above all, adaptability is the key to life...
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