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Author: United States. Congress. House. Special Committee to Investigate Violations of Antitrust Act of 1890 and Other Acts
Publisher:
ISBN:
Category : Antitrust investigations
Languages : en
Pages : 274
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Author: United States. Congress. House. Special Committee to Investigate Violations of Antitrust Act of 1890 and Other Acts
Publisher:
ISBN:
Category : Antitrust investigations
Languages : en
Pages : 274
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Book Description
Author: United States. Congress. House. Special Committee to Investigate Violations of Antitrust Act of 1890 and Other Acts
Publisher:
ISBN:
Category :
Languages : en
Pages : 384
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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 542
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Author: Kenneth Warren
Publisher: University of Pittsburgh Pre
ISBN: 0822970597
Category : History
Languages : en
Pages : 425
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Book Description
At its formation in 1901, the United States Steel Corporation was the earth's biggest industrial corporation, a wonder of the manufacturing world. Immediately it produced two thirds of America's raw steel and thirty percent of the steel made worldwide. The behemoth company would go on to support the manufacturing superstructure of practically every other industry in America. It would create and sustain the economies of many industrial communities, especially Pittsburgh, employing more than a million people over the course of the century. A hundred years later, the U.S. Steel Group of USX makes scarcely ten percent of the steel in the United States and just over one and a half percent of global output. Far from the biggest, the company is now considered the most efficient steel producer in the world. What happened between then and now, and why, is the subject of Big Steel, the first comprehensive history of the company at the center of America's twentieth-century industrial life.Granted privileged and unprecedented access to the U.S. Steel archives, Kenneth Warren has sifted through a long, complex business history to tell a compelling story. Its preeminent size was supposed to confer many advantages to U.S. Steel—economies of scale, monopolies of talent, etc. Yet in practice, many of those advantages proved illusory. Warren shows how, even in its early years, the company was out-maneuvered by smaller competitors and how, over the century, U.S. Steel's share of the industry, by every measure, steadily declined. Warren's subtle analysis of years of internal decision making reveals that the company's size and clumsy hierarchical structure made it uniquely difficult to direct and manage. He profiles the chairmen who grappled with this "lumbering giant," paying particular attention to those who long ago created its enduring corporate culture—Charles M. Schwab, Elbert H. Gary, and Myron C. Taylor.Warren points to the way U.S. Steel's dominating size exposed it to public scrutiny and government oversight—a cautionary force. He analyzes the ways that labor relations affected company management and strategy. And he demonstrates how U.S. Steel suffered gradually, steadily, from its paradoxical ability to make high profits while failing to keep pace with the best practices. Only after the drastic pruning late in the century—when U.S. Steel reduced its capacity by two-thirds—did the company become a world leader in steel-making efficiency, rather than merely in size. These lessons, drawn from the history of an extraordinary company, will enrich the scholarship of industry and inform the practice of business in the twenty-first century.
Author: United States. Congress. House. Committee on Investigation of United States Steel Corporation
Publisher:
ISBN:
Category : Steel industry and trade
Languages : en
Pages : 902
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Author:
Publisher:
ISBN:
Category : Steel industry and trade
Languages : en
Pages : 948
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Author: Kenneth Warren
Publisher: University of Pittsburgh Pre
ISBN: 0822973766
Category : History
Languages : en
Pages : 343
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In the late 19th century, rails from Bethlehem Steel helped build the United States into the world's foremost economy. During the 1890s, Bethlehem became America's leading supplier of heavy armaments, and by 1914, it had pioneered new methods of structural steel manufacture that transformed urban skylines. Demand for its war materials during World War I provided the finance for Bethlehem to become the world's second-largest steel maker. As late as 1974, the company achieved record earnings of $342 million. But in the 1980s and 1990s, through wildly fluctuating times, losses outweighed gains, and Bethlehem struggled to downsize and reinvest in newer technologies. By 2001, in financial collapse, it reluctantly filed for Chapter 11 bankruptcy protection. Two years later, International Steel Group acquired the company for $1.5 billion.In Bethlehem Steel, Kenneth Warren presents an original and compelling history of a leading American company, examining the numerous factors contributing to the growth of this titan and those that eventually felled it—along with many of its competitors in the U.S. steel industry.Warren considers the investment failures, indecision and slowness to abandon or restructure outdated "integrated" plants plaguing what had become an insular, inward-looking management group. Meanwhile competition increased from more economical "mini mills" at home and from new, technologically superior plants overseas, which drove world prices down, causing huge flows of imported steel into the United States.Bethlehem Steel provides a fascinating case study in the transformation of a major industry from one of American dominance to one where America struggled to survive.
Author: United States. Congress. House. Committee on Investigation of United States Steel Corporation
Publisher:
ISBN:
Category : Steel industry and trade
Languages : en
Pages : 860
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Author: United States. Temporary National Economic Committee
Publisher:
ISBN:
Category : Big business
Languages : en
Pages : 1782
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Author: United States. National Resources Committee. Science Committee
Publisher:
ISBN:
Category :
Languages : en
Pages : 422
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