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Visible Hand The Managerial Revolution in American Business

ISBN-10: 0674940520
ISBN-13: 9780674940529
Edition: 1977
List price: $35.00 Buy it from $6.87
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Description: The role of large-scale business enterprise--big business and its managers--during the formative years of modern capitalism (from the 1850s until the 1920s is delineated in this pathmarking book. Alfred Chandler, Jr., the distinguished business  More...

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Book details

List price: $35.00
Copyright year: 1977
Publisher: Harvard University Press
Publication date: 1/1/1993
Binding: Paperback
Pages: 624
Size: 6.00" wide x 9.25" long x 1.00" tall
Weight: 1.056
Language: English

The role of large-scale business enterprise--big business and its managers--during the formative years of modern capitalism (from the 1850s until the 1920s is delineated in this pathmarking book. Alfred Chandler, Jr., the distinguished business historian, sets forth the reasons for the dominance of big business in American transportation, communications, and the central sectors of production and distribution. The managerial revolution, presented here with force and conviction, is the story of how the visible hand of management replaced what Adam Smith called the invisible hand of market forces. Chandler shows that the fundamental shift toward managers running large enterprises exerted a far greater influence in determining size and concentration in American industry than other factors so often cited as critical: the quality of entrepreneurship, the availability of capital, or public policy.

Alfred D. Chandler, Jr., was Isidor Straus Professor of Business History at Harvard Business School.

Introduction: The Visible Hand Modern Business Enterprise Defined Some General Propositions
The Traditional Processes of Production and Distribution
The Traditional Enterprise in Commerce Institutional Specialization and Market Coordination
The General Merchant of the Colonial World
Specialization in Commerce
Specialization in Finance and Transportation
Managing the Specialized Enterprise in Commerce
Managing the Specialized Enterprise in Finance and Transportation
Technological Limits to Institutional Change in Commerce
The Traditional Enterprise in Production
Technological Limits to Institutional Change in Production
The Expansion of Prefactory Production, 1790-1840
Managing Traditional Production
The Plantation-an Ancient Form of Large-Scale Production
The Integrated Textile Mill-a New Form of Large-Scale Production
The Springfield Armory-Another Prototype of the Modern
Factory Lifting Technological Constraints
The Revolution in Transportation and Communication
The Railroads: The First Modern Business Enterprises, 1850s-1860s
Innovation in Technology and Organization
The Impact of the Railroads on Construction and Finance
Structural Innovation Accounting and Statistical Innovation
Organizational Innovation Evaluated
Railroad Cooperation and Competition, 1870s-1880s
New Patterns of Interfirm Relationships
Cooperation to Expand Through Traffic
Cooperation to Control Competition
The Great Cartels
The Managerial Role
System-Building, 1880s-1900s
Top Management Decision Making Building the First Systems
System-Building in the 1880s
Reorganization and Rationalization in the 1880s
Structures for the New Systems
The Bureaucratization of Railroad Administration
Completing the Infrastructure
Other Transportation and Communication
Enterprises Transportation: Steamship Lines and Urban
Traction Systems Communication: The Postal Service, Telegraph, and Telephone
The Organizational Response
The Revolution in Distribution and Production
Mass Distribution
The Basic Transformation
The Modern Commodity Dealer
The Wholesale Jobber
The Mass Retailer
The Department Store
The Mail-Order House
The Chain Store
The Economies of Speed
Mass Production
The Basic Transformation Expansion of the Factory System
The Mechanical Industries
The Refining and Distilling Industries
The Metal-Making Industries
The Metal-Working Industries
The Beginnings of Scientific Management
The Economies of Speed
The Integration of Mass Production with Mass Distribution
The Coming of the Modern Industrial Corporation Reasons for Integration
Integration by Users of Continuous-Process
Technology Integration by Processors of Perishable
Products Intergration by Machinery Makers
Requiring Specialized Marketing Services
The Followers
Integration by the Way of Merger
Combination and Consolidation
The Mergers of the 1880s Mergers, 1890-1903
The Success and Failure of Mergers
Integration Completed An Overview: 1900-1917
Growth by Vertical Integration-a Description Food a

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