He taught at the MBA elective course entitled The evolution of global business. Considers the development of an international cartel in the oil industry in the 1920s and 1930s. Focuses on the decisions and actions of the leading international oil companies - in particular, Standard Oil of New Jersey, Royal Dutch / Shell and Anglo-Persian (BP) - in acting together to try to stabilize prices and market share since the end of 1920 to Achnacarry or "as is" agreement. Set against the backdrop of the global oil industry, it examines the reasons for the change in strategy of the company from competition to cooperation and offer opportunities for readers to evaluate the success of efforts to inter-firm coordination and stabilization. Also explores the personal and professional relations among the leading oil industry executives who forged the cartel, including Henry Deterding, Walter Teagle, and John Cadman. Subissues important to include the changing nature of the oil industry in the 1910s and 1920s, the growth of oil diplomacy with the U.S. antitrust laws in the global oil business.
This case is only available in paper format (HBP do not have the rights to distribute digital content). As a result, a digital copy of an educator if not available through this Web site. "Hide
by Jeffrey J. Jones, R. Daniel Wadhwani Source: Harvard Business School 20 pages. Publication Date: November 12, 2003. Prod. #: 804089-PDF-ENG
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