A Brief Analysis of The Steel Industry Essays -- Industry

poise IndustryIn the early part of this century was a while when industry was booming with harvesting around the installation of major railroads. With this emersion came the transatlantic cable, the telegraph, and a whole lot of sword. Steel would be inevitable in the construction of these new transportation systems and communications were now practical between businesses and industries. (Wren, 2005)This paper get out first discuss the development of the steel industry. Next, it will examine steel, and in the impact it had on the transportation industry. Finally, it will discuss systematic management practices of this time and how they gave birth to the scientific climb that is still in use today.SteelThe steel industry was infallible for almost everything. Alfred D Chandler Jr. could see the potential market place early on. According to WrenChandler traced the history of various menages and delineated quatern phases in the history of the large U.S. enterprise 1.The initial expansion and assembly of resources2.The rationalization of the use of resources3.The expansion into new markets and lines to help assure the liberal use of resources 4.The development of a new structure that rationalized the renewal of growth. For more companies, the phases started and ended at different times, depending on the state of technology and the firms ability to react and capitalize on market opportunities. Chandler advertize noted two facets of industrial growth1.Horizontal growth from 1879 to 1893- which occurred when producers of like fields combined through mergers, pools, or trusts to gain economies of scale, and 2.Vertical growth from 1898 to 1904- which occurred when firms moved backward or forward in ter... ...vents/pande01.htmlEnglish Online. (Ed.). (n.d.). The industrial Revolution. Retrieved April 23, 2012, from English-online.com Web site http//www.english-online.at/history/industrial-revolution/industrial-revolution-manufacturing .htm write up.com. (Ed.). (n.d.). Andrew Carnegie. Retrieved April 23, 2012, from History.com Web site http//www.history.com/topics/andrew-carnegieKernsanalysis.com. (Ed.). (n.d.). An Overview of watchfulness. Retrieved April 24, 2012, from Fredrick Taylor Scientific Management Web site http//www.kernsanalysis.com/sjsu/ise250/history.htmVectorstudy.com. (Ed.). (2008). Henri Fayol Management Gurus. Retrieved April 25, 2012, from Vector Study.com Web site http//www.vectorstudy.com/management_gurus/henri_fayol.htmWren. (2005). The History of Management Thought (5th ed.). Danvers, MA Wiley & Sons. (Original work published 1976)