The dean of business historians continues his masterful chronicle of the transforming revolutions of the twentieth century begun in Inventing the Electronic Century.
Alfred Chandler argues that only with consistent attention to research and development and an emphasis on long-term corporate strategies could firms remain successful over time. He details these processes for nearly every major chemical and pharmaceutical firm, demonstrating...
Alfred Chandler has done a great job in compiling the history of Chemical and Pharmaceutical companies. Comparing it to Inventing the Electronic Century, it is clear that author has a deeper knowledge of the chemical industry than the electronic industry. The book is consistent,well organized and the level of detail is well balanced. It deserves to be read and reflected upon, for those willing to understand business strategy and its results. Due to the importance of the German companies, I would recommend reading Christopher Freeman's work to complement this book on the chemical industry.
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