Originally published in 1989 this study examines some new facets in
the development of the iron industry in the USA between 1839 and
1921 through the study of an individaul form, namely the Thoms Iron
Company, one of the leading merchant furnace companies. It charts
the end of the anthracite iron age and the changes which brought
about the advent of open-hearth steel and integrated steel works.
The book discusses the problems the managers of the firm faced with
the appearance of industrial innovations which tended to undermine
their firm's very existence and provided a new set of optimal
conditions necessary for the survival of the firm. It provides a
clear understanding of the destructive forces of industrial
innovation and the place of creative entrepreneurship in the
survival of the firm.
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