Let’s start out simple, what is creativity? Creativity as described by Albert Rothenberg is “The state or production of something both new and valuable” (21). The definition itself seems simple, however there are multiple grueling steps to invent something that is truly creative. Creativity is not something that is made overnight, it is a long process with many highs and lows. There are going to be times in which you want to give up, but it is those who continue to work that end up being successful. The change makers in history are the ones who when time were tough kept their faith in their business and did not allow any doubt to creep into their minds. They took criticism from everyone, but they never gave up on their ideas, they instead stood …show more content…
Andrew Carnegie who is best known for leading the expansion of the American steel industry in the 19th century. Carnegies goal for the steel industry was to maximize efficiency in a way that lowered the costs of producing these goods. He saw that if he was able to complete this ideal, it would lead to industrialization. The way that Carnegie was different from others is that when the going was tough, he did not allow himself to give up. In fact, when “other iron makers shut down in hard times, Carnegie kept his furnaces operating. He believed in expanding during the depression years when costs were low” (65). The outcome from this innovative thinking was astonishing because Carnegie essentially overtook Great Britain in the production of iron. He invented a system so efficient that he lowered the costs from $160 a ton to $17 a ton and still managed to record high profits. Someone, who attained even more success than Carnegie was John D. Rockefeller. Rockefeller followed a similar plan to Carnegie by improving efficiency to lower costs. Rockefeller eliminated a lot of his competition by either purchasing their businesses or selling his own oil at a price so low that they others could not compete. His passion for wanting more did not stop in the oil industry, he also went into the transportation business and convinced the railroad companies to give him …show more content…
For example, William Crapo Durant purchased both Buick and Chevrolet from others amidst a time while both companies were struggling. Durant came in and both companies began to prosper. An example of having a successful business model can be related to Sam Walton. Walton took care of his employees as well as kept the consumers happy. Walton also adapted to change when he adopted the match your price guarantee which encouraged consumers to come to Walmart even more than originally. The last point that I could apply if I were to ever own a successful business could be incorporating either horizontal or vertical integration. Horizontal integration would allow my company to own a larger share of the market as well as eliminate competition, while vertical integration would allow me to control each step of the process for my company which can lead to optimum efficiency. These are the principles of management that I can relate back to my life and they are vital for everyone who is in the business field to
Andrew Carnegie, the monopolist of the steel industry, was one of the worst of the Robber Barons. Like the others, he was full of contradictions and tried to bring peace to the world, but only caused conflicts and took away the jobs of many factory workers. Carnegie Steel, his company, was a main supplier of steel to the railroad industry. Working together, Carnegie and Vanderbilt had created an industrial machine so powerful, that nothing stood in its path. This is much similar to how Microsoft has monopolized the computer software
Despite the negative encounters of Andrew Carnegie’s Steel Company, the exploration and exchange of Carnegie Steel is that the steel was cheap. This had a positive impact on the United States because steel fed national growth, steel meant more jobs, national prestige, and a higher quality of life for
During the Civil War had produced the extremely high demand for more iron particularly in Pittsburg where Carnegie was located at the time. He primarily focuses on developing the steel production in the area of Pittsburg to meet the demand. Andrew Carnegie was credited with innovated a cheap and faster production system for producing steel, eventually becoming the biggest steel
Let us first look at Mr. Andrew Carnegie. Carnegie was a mogul in the steel industry. Carnegie developed a system known as the vertical integration. This method basically cut out the ‘middle man’. Carnegie bought his own iron and coal mines (which were necessities in producing steel) because purchasing these materials from independent companies cost too much and was insufficient for Carnegie’s empire. This hurt his competitors because they still had to pay for raw materials at much higher prices. Unlike Carnegie, John D. Rockefeller integrated his oil business from top to bottom. Rockefeller’s system was considered a ‘horizontal’ integration. This meant that he followed one product through all phases of the production process, i.e. Rockefeller had control over the oil from the moment it was drilled to the moment it was sold to the consu...
Andrew Carnegie had no competition. By 1900 Carnegie Steel produced more metal than all of Great Britain. He controlled almost all of the steel produced and used in America. Carnegie used vertical integration, which means that he owned all the companies and resources need to make and process steel, thus giving him the edge and he was able to cut down costs.
Carnegie was a brutal challenger and tried to eliminate his competitors. Another tactic Carnegie used to grow his business was to hold a vertical monopoly. The Carnegie Steel Company bought the iron ore deposits and even many of the steel finishing industries. With the magnificent industry...
Andrew Carnegie in September 1875 production cost was pretty high but his selling price was way higher, in January 1877 he lowered his production cost by a lot and the selling price went down as well but it was still fairly higher than what he was making the steel for,and in November 1977 Carnegie was able to lower his production costs even more as well as his selling price which was a bit more than what he spent making the steel. (Doc D). The main idea of this chart is to show that over the period of September to November Carnegie was able to drop his prices and costs significantly but that doesn't make him heroic. That just means he found new methods, material, or cut the cost of labor, this is just Carnegie being a good businessman. Steel production in the United States was very small compared the Great Britain in 1870, ten years later in 1880 the US’s production launched and was just right under Great Britain, another ten years later in 1890 the US finally passed GB in production but but by very much, ten years after that in 1900 Andrew Carnegie’s mills was making one-third of all the steel in the US making the steel production to skyrocket still in the lead at #1 with Germany and Luxembourg no where near and then in 3rd was Great Britain a little bit close to GL (Doc E). This chart is just to show the production of steel in the United States comparing with other countries over the span of 1870-1900 and to see how Carnegie’s mills effected the US production. This chart does not show Carnegie as a hero just how well his factory productions was going. Overall Andrew Carnegie was very good at being a businessman because he had a lot of financial success with lowering his production costs but that's not very heroic of him, it’s really only doing him good because he's saving
His family decided to move to America in 1848. At the age of twelve, Andrew started working and he soon worked himself up as a supervisor for the Penny’s entire Western Division. Carnegie officially owned the Carnegie Steel Corporation in 1889, which was the largest company in the world. The second area in which Andrew Carnegie was a hero was the average daily wages and hours given to workers and businesses.
He went to London in 1872, saw the new Bessemer method of producing steel, and returned to the United States to build a million-dollar steel plant. Foreign competition was kept out by a high tariff conveniently set by Congress, and by 1880 Carnegie was producing 10,000 tons of steel a month, making $1 1/2 million a year in profit. By 1900 he was making $40 million a year, and that year, at a dinner party, he agreed to sell his steel company to J. P. Morgan. He scribbled the price on a note: $492,000,000.”
In the early 1870s Andrew Carnegie became the largest steel producer in the nation and one of the richest men in America. According to lecture 3, Andrew Carnegie had few regulations, which made him a wealthy and dominant force in the U.S. Carnegie’s steel mill was located in Pittsburgh, Pennsylvania. Carnegie’s steel worker made to work in a dangerous and a poor work environment. The working conditions at the steel mill were so dangerous that it was likely they would lose their life. Carnegie forces his worker to work a twelve-hour workday. The steel workers wanted to work in a better work environment; they organized a steel worker’s union.
Industrialists Andrew Carnegie and Henry Clay Frick could not have come from more different backgrounds. Carnegie was born in the Scottish town of Dunfermline to a very poor family in 1835. When he was 12 years old, his father, a weaver, decided to move the family to the United States in search of better prospects, arriving at what was then the municipality of Allegheny, Pennsylvania, now part of Pittsburgh’s North Side. By that time, Pittsburgh was already known as a major center for the production of steel and other metals. In 1853, at the age of 18, Carnegie was hired as a telegraph operator for the Pennsylvania Railroad, and became a protégé of Thomas A. Scott, who would soon rise
A man of Scotland, a distinguished man citizen of the United States, and now a philanthropist devoted to the making the world around him a better place, Andrew Carnegie became famous at the turn of the twentieth century and became true rags to riches story.
Carnegie saw how bad the wooden railroads were, so he proceeded to slowly replace them with iron ones. Carnegie's charm, perception, and hard work led to becoming one of the world's most famous men of the time, and led to the first corporation in the world with a market capitalization in excess of one billion when he sold his companies to John Morgan who called them United States Steel Corporation.
What exactly is creativity? To be creative is to understand and connect the small details of our experiences, both good and bad (creative something). Creativity involves a person using his or her original ideas to create something. Artists such as poets, writers, painters, designers, and more use creativity on a regular basis. They use creativity to come up with new ideas and create original works of art. A poet would use his or her creative abilities to write and produce a poem just like a painter would use creativity to paint a painting.
Creativity is a way of living. Creativity makes life seem more interesting and brilliant. Since we are kids we find new ways to deal with everyday life. We find different innovative forms to deal with everyday obstacles. Creativity lets us see the things that we thought did not make sense or were not there. Creativity happens in everyday life and it can be expressed and seen in different forms such as inventions like the smartphone, cars, and modern buildings or more artistic inventions like paintings, music, and TV shows. We see creativity everywhere and from anyone adults, teenagers and even