explain how walter chryslers ideas affect the car industry today
Walter Chrysler was an innovator in the automobile industry, and his ideas and principles are still influential today. Here are some ways that his ideas affect the car industry today:
1. Brand loyalty: Chrysler believed in building a strong brand image and creating a unique character for each of his cars. This idea is still relevant today, as car companies strive to differentiate themselves in a crowded market.
2. Quality engineering: Chrysler was a stickler for quality engineering, and he implemented rigorous testing and inspection processes for his cars. Today, car companies still place a high value on engineering and quality control to ensure their products meet high standards.
3. Vertical integration: Chrysler believed in owning as much of the production process as possible, from raw materials to finished products. Today, many car companies still practice vertical integration to some degree, owning factories, suppliers, and distribution channels to maintain control over their products.
4. Innovation: Chrysler was known for his willingness to try new things and take risks in the automobile industry. This spirit of innovation still drives the car industry today, as companies introduce new technologies and designs to stay competitive.
Overall, Walter Chrysler's ideas have had a lasting impact on the automobile industry, and his legacy can be seen in the way cars are designed, manufactured, and marketed today.