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Product Identifiers

PublisherHarvard University Press

ISBN-100674940512

ISBN-139780674940512

eBay Product ID (ePID)1115751

Product Key Features

Book TitleVisible Hand : the Managerial Revolution in American Business

Number of Pages624 Pages

LanguageEnglish

Publication Year1977

TopicEconomic Conditions, General, Economics / General, United States / General

IllustratorYes

GenreBusiness & Economics, History

AuthorAlfred D. Chandler Jr.

FormatHardcover

Dimensions

Item Height0.6 in

Item Weight31.7 Oz

Item Length9.4 in

Item Width6.5 in

Additional Product Features

Intended AudienceTrade

LCCN77-001529

TitleLeadingThe

Dewey Edition21

ReviewsThis very important work of historical synthesis by Harvard's premier business historian should be read not only by economists and historians, but also by middle and top managers of the modern, integrated corporation., The Visible Hand is a revolutionary work. Business history in the past was largely about entrepreneurs--either as 'robber barons' or 'industrial statesmen.' Chandler shifts the spotlight from the promoters to the managers...The Visible Hand is a superb book--a triumph of creative synthesis., Chandler's book is a major contribution to economics, as well as to business history, because it provides powerful insights into the ways in which the imperatives of capitalism shaped at least one aspect of the business world--its tendency to grow into giant companies in some industries but not into others.

Dewey Decimal658.4/00973

Table Of ContentIntroduction: The Visible Hand Modern Business Enterprise Defined Some General Propositions PART I THE TRADITIONAL PROCESSES OF PRODUCTION AND DISTRIBUTION 1. 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 2. 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 PART II THE REVOLUTION IN TRANSPORTATION AND COMMUNICATION 3. 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 4. 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 5. 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 6. 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 PART III THE REVOLUTION IN DISTRIBUTION AND PRODUCTION 7. 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 8. 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 PART IV THE INTEGRATION OF MASS PRODUCTION WITH MASS DISTRIBUTION 9. 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 10. Integration by the Way of Merger Combination and Consolidation The Mergers of the 1880s Mergers, 1890-1903 The Success and Failure of

SynopsisThe 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.

LC Classification NumberHF5343