We now take this hierarchical organization for granted, but it did not exist before Pierre du Pont put it into practice. One would know finances, another sales, another manufacturing, and so on. The Years of Preparation 1. Or, per haps, would the subject matter itself lend inspiration? And if the complexity of the du Pont clan's interrelationships is a trifle overwhelming? As corporations grow out of a garage into a corporate center, one person no longer has all of the necessary skills or the time to properly monitor each facet of the business. On it's 100th anniversary, the firm was about to go under as its family-owners due to age, illness, or other factors could not find a successor following the death of Du Pont's president and patriarch. Tedlow identifies the leadership skills that are essential to spotting the early signs of denial and taking the actions required to overcome it. They came up with an idea and ran with it, making all of the decisions themselves.
Managing the Powder Company 5. Management of the business Du Pont and his cousins quickly expanded and improved the company. The American War Effort: Negotiations Begun 390 15. His works redefined business and economic history of industrialization. I may be wrong, but my suspicion is that it was by hammering out the ways in which great, vertically-integrated enterprises could be successfully managed that he staked his claim to a This content downloaded from 193. The second connotation of the word refers to the way in which these corporations, in themselves mere legal entities, were converted into truly integrated enterprises under central management.
But the youngest of them, Alfred, was in his early thirties and he would not hear of his birthright being sold out from under him. He is also the author of The State, the Investor and the Railroad: The Boston and Albany 1825-1867. This meticulously researched biography of Pierre S. Had Stephen Salsbury, his coauthor, managed to inject a more spritely note into the prose? Product Policy and Technological Innovation, 1921-1923 511 21. It also left a residue of disruption and disillusion that spawned an even more ruinous conflict scarcely a generation later. About this Item: Harper and Row New York 1971, 1971.
His father, who had broken away from the family business of producing gunpowder for use in ammunition, was an important figure in the early production of dynamite. It is truly one of the finest business histories ever written. Companies ever since became conglomerates of identifiable departments, each with a specific function under a responsible director. Durant, president of General Motors, found himself in financial money-related difficulty. Competing explosive-making companies were bought out, factories were improved, and research laboratories were set up. The company was eventually sold, and in 1902 du Pont, his cousin Coleman, and another cousin, Alfred du Pont, purchased and reorganized the family business to prevent it from being sold to a rival firm. The result is an excellent introduction to 1,057? For More Information Carr, William H.
May show signs of minor shelf wear and contain limited notes and highlighting. And what a collection Philadelphia possesses, thanks to the early initia tives of Fiske Kimball and the generosity of Mrs. National Gallery of Art John Wilmerding Pierre S. . I would, however, have welcomed a few end-of-chapter summaries; certainly they would have added to the length of an already large book, but they would have been very welcome to a reader interested in distinguishing the forest from the trees. Du Pont felt that many of the provisions of the plan represented a taking away of individual freedoms. The departments were further subdivided in the same manner.
May show signs of minor shelf wear and contain limited notes and highlighting. Book is in Used-Good condition. At ThriftBooks, our motto is: Read More, Spend Less. He had shown great vision in helping make the Du Pont Company one of the most successful companies in the twentieth century. The Family and the Firm 3 2. Formulating Financial Policy 149 7. Chandler; StephenSalsburyReview by: Hugh G.
Turner offers some interesting remarks about the Quaker back ground of Eakins' family, the seriousness of purpose and the moodiness which marked much of his life, and the misunderstandings about the painter's attitudes toward nude figures of both sexes. Chandler and Salsbury, who had access to business and personal records rarely available to historians, made the most of them. Some of the Du Ponts who were involved in the day to day affairs were too old to run the firm and wanted to sell out. Present, too, is a very useful This content downloaded from 193. Roosevelt, the Great Depression, and the Economics of Recovery emphasized long-term and structural recovery programs as well as the 1937—38 recession. One of the keys was control by statistics: here the railroads had lessons to impart, and also the federal government's arsenals, as Roe Smith's research has made clear. Moreover, by astute business management he transformed a faltering General Motors into one of the world's most profitable enterprises.
New York: Dodd, Mead, 1964. Admirably, he achieves a fine balance between solid scholarship and a personal tone, which together bring this unique collection fully to life. In Working Knowledge, Catherine Fisk chronicles the legal and social transformations that led to the transfer of ownership of employee innovation from labor to management. He later became Chairman of the History Department at the University of Sidney, Australia. Siegl's catalogue entries are all one could wish for: concise, thorough, and readable. Chandle This meticulously researched biography of Pierre S.