Summary: Business History Complexities And Comparisons | 9780415423977 | Franco Amatori, et al

Summary: Business History Complexities And Comparisons | 9780415423977 | Franco Amatori, et al Book cover image
  • This + 400k other summaries
  • A unique study and practice tool
  • Never study anything twice again
  • Get the grades you hope for
  • 100% sure, 100% understanding
Discover Study Smart
Remember faster, study better. Scientifically proven.
Trustpilot Logo

Read the summary and the most important questions on Business History Complexities and Comparisons | 9780415423977 | Franco Amatori; Andrea Colli

  • 1 Different theories of the firm

    This is a preview. There are 8 more flashcards available for chapter 1
    Show more cards here

  • Characteristics of neoclassical firm acoording to Adam Smith

    * perfect information
    * operates at full efficiency
    * price taker
    * technology is exogenous
    * highly competitive environment
  • 2 The entrepreneur

    This is a preview. There are 10 more flashcards available for chapter 2
    Show more cards here

  • First Industrial revolution

    many entrepeneurs were found in the textile industry
  • 3 Manufacturing before the industrial revolution

    This is a preview. There are 9 more flashcards available for chapter 3
    Show more cards here

  • Industrial Revolution characteristics

    * phenomenon beneath Economic Growth
    *  presupposes sectoral shift, from Agriculture to Industry
    * presupposes shifts within the industrial sector, from old to new industries 
    * also a phase of Social Innovation.
    * mainly a change in technology (mechanisation & energy consumption)


  • Preindustrial Europe: general features

    * During the three centuries preceding the Industrial Revolution, the economy gradually become more dynamic

    * to important innovations in agriculture and actually speak of a first “Agriculture Revolution”. 

    * Primary sector was the biggest

    * Preindustrial Europe was not homogeneous

  • Guild (dis)advantages

    * they organized, managed capital, monitored quality standards,         provided protection and stability 
    * But: maintain relatively high prices, innovation was dicouraged.
  • 4 First Industrial Revolution

    This is a preview. There are 5 more flashcards available for chapter 4
    Show more cards here

  • European countries enjoyed a stable position 

     thanks to their productive specialization in manufacturing. 


    (and use of factor endowments and available technologies)

  • British competitive advantage

    * In manufacturing, product innovations and new ways of organizing the production process 
    * Quality of the products was improving
    * Cluster of innovation
    * Exported manufactures and imported the food and raw material that could be produced cheaper elsewhere.

     

     
  • ownership, control, and management

    the emergence of a more diverse array of business people  
    * finding and managing a quantify of fixed assets and a labor force 
    * Small family organizations could, with decent leadership, adapt rather easily to new systems of manufacturing. 
  • characteristics of the production process

    * Lower the cost of information
    * Share knowledge more efficiently.
    * Disconnected process of production, separated into phases
    * Older forms of manufacture had to adjust to the competition of the low-priced
  • 6 Importance of infrastructure

    This is a preview. There are 6 more flashcards available for chapter 6
    Show more cards here

  • railway companies were the first to introduce

    -          Ongoing worker recruitment

    -          Establish fixed salaries

    -          Defining a clear internal hierarchy with established career paths

    -          Rudimentary system of insurance and pensions for their employees

    -          A greater say how things operated for employees and accepting worker unions

To read further, please click:

Read the full summary
This summary +380.000 other summaries A unique study tool A rehearsal system for this summary Studycoaching with videos
  • Higher grades + faster learning
  • Never study anything twice
  • 100% sure, 100% understanding
Discover Study Smart

Topics related to Summary: Business History Complexities And Comparisons