During 19th century managerial hierarchy had expanded to a number of major industrial sectors of the U.S. economy. This procedure mostly entailed some type of legal or administrative centralization horizontal integration, followed by vertical integration although the precise mechanisms frequently varied. Standard Oil represents the canonical example of the development. Standard Oil's history is, in addition, completely intertwined with the life and livelihood of the John D. Rockefeller (1839 to 1937), one of the exceptional individuals to define the landscape of the American business.
John D. Rockefeller The Richest Man in the World Case Study Solution
Rockefeller predicted that $ 1.4 billion net worth in the 1937 was tantamount to 1.5% of the U.S GDP. In accordance with this metric he was and is, the most affluent person in economic history and American business.
PUBLICATION DATE: December 11, 2014 PRODUCT #: 815088-HCB-ENG
This is just an excerpt. This case is about INNOVATION & ENTREPRENEURSHIP
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