Andrew Carnegie and the Rise of Big Business - The Master Manager: Costs, Chemistry, and Coke Summary & Analysis

Harold C. Livesay
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From 1872 through 1889, Carnegie builds an integrated industrial business to become the best-known manufacturer in the world, publishes three books, travels around the world, and becomes a philanthropist with the express intent to give away his fortune. At the age of fifty-four he finds a wife for his home, a business successor and considers retirement. His follows the successful path of building through a depression and lack of customers by driving costs down and increasing output. Holley's pre-production estimates and Shinn's voucher system provides Carnegie's Edgar Thomson Works with accurate profitability in its first month of operation. Carnegie's insistence on knowing the costs continues for his twenty-five years in the steel business. He requires a weekly cost sheet from managers "to know how well and how cheaply" they operate his business and how much...

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This section contains 575 words
(approx. 2 pages at 400 words per page)
Buy the Andrew Carnegie and the Rise of Big Business Study Guide
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