It can be said that Alfred Chandler (1918-2007) created the study of business history. Chandler concentrated his early research efforts on explaining the growth of large multidivisional firms in the USA and how they helped develop the US economy ( Jones, 2008) He was a historian, and in 1952 had completed his PhD at Harvard University in. His classic business book, “Strategy and Structure was published a decade later. His theory was grounded on an expansive study of large American firms between the
it will discuss systematic management practices of this time and how they gave birth to the scientific approach that is still in use today. Steel The steel industry was needed for almost everything. Alfred D Chandler Jr. could see the potential market value early on. According to Wren: Chandler traced the history of various firms and delineated four phases in the history of the large U.S. enterprise: 1. The initial expansion and accumulation of resources 2. The rationalization of the use of