By Charles R Geisst
This two-volume, A-to-Z encyclopedia presents unique insurance of America's enterprise historical past, from the Hudson fur exchange to the net. greater than four hundred full of life, informative entries profile company titans and tycoons, Wall highway wizards, leaders, and significant occasions and associations of yankee enterprise - spanning the interval after American independence to the current day. every one access is followed via a brief bibliography and is cross-referenced to comparable entries, permitting readers to pursue the subject extra. An creation deals a normal account of the subject, and a chronology is helping readers position occasions into historic context. chosen fundamental files, a normal bibliography, and an index around out this significant reference. Entries contain American phone & Telegraph; Warren Buffett; the pc undefined; Walt Disney; Thomas Alva Edison; Henry Ford; basic electrical Co.; Howard Hughes, Jr.; foreign company Machines; Steven Jobs; Lehman Brothers; the movie undefined; the hot York inventory alternate; workplace machines; Pan American airways; rail-roads; John D. Rockefeller; Sarbanes-Oxley Act; Sears, Roebuck & Co.; slavery; Martha Stewart; the telegraph; United car employees; Cornelius Vanderbilt; Eli Whitney; and extra.
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Additional info for The Encyclopedia Of American Business History (Almanacs of American Life) 2 vol. set
In those early days not more than half a dozen people had grasped the concept that economic organization and control over economic power were the fulcrum which made possible influence and power in all other fields,” he later wrote in his autobiography. “Control over the basic things of life gives power that may be used for good in every relationship of life. ” This meant organizing workers into unions that would focus on struggles at workplaces around issues of higher wages, fewer hours of work, and improved working conditions—to the exclusion of radical social causes, whether socialism or anything else.
For their part, Japanese companies struggled during the 1990s because lean production led to lean profits. Under the principle of kaizen (continuous improvement), productivity and quality were improved without regard for cost effectiveness. Higher profit margins were achieved by adopting optimum lean production, which combined elements of lean and mass production. More parts were standardized, products were consolidated onto fewer distinctive platforms (chassis and underpinnings), and development and assembly times were sharply cut.
S. companies are major producers in Europe and own controlling interests in several Asian carmakers. The sale of Chrysler to the German carmaker Daimler-Benz in 1997 effectively erased meaningful differences between the Big Three “domestics” and “foreign” manufacturers. Control of the world’s motor manufacturing is expected to further consolidate into a handful of multinational companies. Sales and production are not expected to increase in North America, western Europe, and Japan in the 21st century; but rapidly rising consumer demand in developing countries, especially the two most populous, China and India, is expected to fuel further expansion of the world’s motor vehicle industry.