ipl-logo

Bethlehem Steel Case Study

433 Words2 Pages

The company that I’ve chosen to introduce into the discussion is Bethlehem Steel. Never heard of this company? Bethlehem Steel had a rich history in building the United States, its tenure spanned over one-hundred years; “it was the nation’s number one supplier of steel to the domestic construction industry, as well as a major supplier for the railroad and automotive companies” (Bethlehem Steel Corporation - Company Profile, n.d.). The company survived The Great Depression, retooling and expanding the core business into the other metal industry sector operations. The World Wars helped position the company financially and increased its government construction contracts.
The Industrial Organization (IO) theory states that the company or “the firm must adapt to the influences in its industry to survive and prosper” (Parnell, 2008, pg. 7). The overall performance of the total industry directly affects the company ability to succeed. Bethlehem Steel thrived as the United States steel industry grew and expanded its marketplace by exporting. But in mid-ninety, the steel imports exceeded the exports. As cheaper steel products were imported, the United States steel industry failed to adapt, so the government implemented a series of tariffs …show more content…

It appears that Bethlehem Steel did a SWOT analysis of domestic and foreign markets and competitor, but was unable to fully recover from the dumping of cheap steel onto the U.S. market. It had scaled back its foreign market dependence, but misunderstood its competitor’s business plan to dominate the market. They even petitioned the U.S. Courts for help to shield the industry from foreign competitors through tariffs (Bethlehem Steel Corporation - Company Profile,

Show More
Related

How Did Bethlehem Steel Grow During Ww2

258 Words | 2 Pages

During WWII The Bethlehem Steel Corporation was a crucial part of United States victory. Producing one-third of the steel supply. After the bombing of pearl harbor, Bethlehem Steel had over $1.3 billion to make all sorts of military supplies. The Bethlehem Steel produced 70 percent of all airplane cylinder forgings, one-fourth of the warships, and one-third of of the cannon forging during WWII.The Bethlehem Steel most important production was the steel ships. They didn’t just make the ship appearance.

Read More

How Did The Panic Of 1873 Have Its Effects On The Reconstruction Period Of The United States

564 Words | 3 Pages

Jay Cooke and Co. became largely invested in railroad construction, such as the Northern Pacific Railroad and the Union Pacific line. The companies were supplied by federal land grants, including over 60 million acres that were signed over to Jay Cooke’s firm. The firm uses the land as a collateral to secure more loans and sell more stock. Jay Cooke’s firm closed their doors in the fall of 1873, declaring bankruptcy and unable to repay its debts. Following the fall of the firm, many banking firms and industries who’ve also invested had mirrored the decline of Jay Cooke and Co.

Read More

Amalgamated Association Of Iron And Industrial Innovations After The Carnegie Steel Company

394 Words | 2 Pages

After the Carnegie Steel Company refused to compromise with its workers on the new contract, which increased production demands and announced wage cuts, a violent conflict raged out and the workers went on a violent strike. The Homestead Strike was unsuccessful in its an attempt to unionize all iron and steel workers, but it brought attention to companies who abused power. The Amalgamated Association of Iron and Steel workers is a union attempting to unite all iron and steel workers and help compromise with the Carnegie Steel Company for an increase in wage with the new contract. The Carnegie Steel Company had just made major technological innovations in the 1880s with help from their new general manager Henry Clay Frick.

Read More

Labor DBQ Essay

843 Words | 4 Pages

Carnegie, saw a new method to produce steel;he came to the U.S and built a million-dollar steel plant. He made sure Congress passed tariffs keeping out foreign steel, and keeping its price to $28 a ton. Workers were looked down on because they were poor. These businessmen were very corrupt, they maintained high prices, but kept wages very low, and still used the government's subsidies. This act left 200,000 men working twelve hours and not winning enough money to keep their families alive.

Read More

Keystone Bridge Analysis

647 Words | 3 Pages

The Civil War caused a boom in the iron industry in which Carnegie took notice and at the same time, he went to work in Altoona, Pennsylvania where the Pennsylvania Railroad company was converting a wooden railroad bridge into stronger iron. Main reason for the drastic increase was transportation. These two components lead Carnegie to take his first major step as an entrepreneur. Carnegie organized together the designer of the bridge in Altoona as well as two business partners and his good friend Thomas Scott to develop the Keystone Bridge Company, with the intention of replacing wooden bridges in Pennsylvania with stronger and more modern iron. First task for Carnegie and his partners was to construct a railway bridge with a span of three

Read More

Pearl Harbor Dbq

963 Words | 4 Pages

This is the beginning of a trend we see in these laws that were never said to be against one country, but clearly reflected that. 3 months after the Export Control Act in October 1940, Roosevelt added to it by officially embargoing scrap iron and steel to countries to nations other than those in the Western

Read More

Was Andrew Carnegie A Hero Dbq

1359 Words | 6 Pages

Document 4 shows that Carnegie was able to cut costs by more than $20 per ton. The natural question that arises is this: how was he able to get costs so low? Document 5 suggests that the practice of vertical integration was essential to profits, as it enable Carnegie to own a monopoly on the entire industry of steel production, all the way from the iron ore mines to the ships that transported materials to the steel mill itself. Although ingenious, this strategy usually results in market monopolies, which can end up being harmful to both competitors and the consumer. In addition to the tactic of vertical integration shown in Document 5, Documents 6 and 7 reveal the extreme exploitation of workers that Carnegie used to increase his profits.

Read More

Andrew Carnegie: Top Of The Steel Industry

160 Words | 1 Pages

Who was Andrew Carnegie? Andrew Carnegie was 13 years old when he moved from Scotland with his family and began working in a textile factory. Eventually he would go on to run the most successful steel company in history. Carnegie first began his empire during the depression in 1873 by starting a steel company where he controlled everything from the beginning with raw materials all the way to the end with distribution.

Read More

Andrew Carnegie Steel Industry: A Case Study

617 Words | 3 Pages

Andrew Carnegie, the founder of Carnegie Steel Company, serves as one of the most controversial industrial figures. The justification of his actions that lead to his monopoly of the steel industry are highly debated. Despite the theory of social darwinism used to justify his decisions, Carnegie should be considered guilty for breaking the Sherman Antitrust Act of 1890 and authorizing the immoral lockout during the Homestead Strike. Carnegie should be accounted for breaking the Sherman Antitrust Act of 1890 According to Our Documents, Section Two of the Sherman Antitrust Act states, “Every person who shall monopolize, or attempt to monopolize,… any part of the trade or commerce… shall be deemed guilty of a misdemeanor.” Carnegie violated

Read More

Andrew Carnegie Is Not A Hero Essay

543 Words | 3 Pages

Of course,Carnegie’s company responded in kind, sending out a notice to the railroad companies claiming that this new method produced steel of a lower quality and implied that there could be fatal consequences. After the company’s second year its turnout decreased dramatically and Carnegie bought it out. After little investigation Carnegie’s partners believed the method to be superior and Edgar

Read More

Biography Of Andrew Carnegie: The Man Who Built America

518 Words | 3 Pages

“By the end of the 1800’s Carnegie’s little empire was the largest the world had ever seen” ("Andrew Carnegie."). So with Carnegie supplying the cheapest, strongest steel around, as the world’s largest steel producer, he helped the US blossom, building up and out of its previous areas,

Read More

Andrew Carnegie Biography Essay

1466 Words | 6 Pages

The Civil War created an increase in demand, and therefore price, of iron products. Carnegie saw an opportunity and left the railroad for the emerging steel industry. He began a company with some investors, including Scott of the Pennsylvania Railroad, building iron bridges to replace the old wooden models. This eventually developed into the Keystone Bridge Company. Keystone Bridge Company also built bridges but Carnegie expanded into making the iron pieces as well.

Read More

How Has The Us Contributed To The Decline Of The Economy In 1973

212 Words | 1 Pages

This was important because manufacturing was the back bone of the economy in the US employing 38% of its citizens. In 1971 the US experienced its first export trade defect, importing more goods than it exported. This increased global competition began to put American companies out of business. This was most evident in manufacturing which saw a decline in employment

Read More

Jim Quintero's Steel Case Study

1029 Words | 5 Pages

1) Identify aspects of Jim Quintero’s management style according to the four main management theories (Classical, Behavioral, Systems, and Contingency). While most organizations can more than likely identify at least some aspects from each of the four management theories, Quintero’s steel company identifies most with the Behavioral Approach with aspects of the Systems and Contingency Approach blending together in my opinion. Not having much detail on Cool Steel Company’s (CSC) organizational structural it is difficult to determine how much management falls under the Classical Approach, but seeing there are managers (not first-level supervisors) and reviewing Henri Fayol’s general principals, one can assume a structure of sorts. There are several examples of the Behavioral Approach (e.g., trusting, respect, responsibility…) that will be covered in more detail in response to question number two. It is clear that CSC’s success would be in line with the practices described in the cooperative system outlined in the Systems Approach and by virtue of employees being given the ability or responsibility to make decisions; the Contingency Approach can be applied.

Read More

How Did The Second Industrial Revolution Affect The Economy

486 Words | 2 Pages

For the duration of the Depression, a well known industry icon, Andrew Carnegie instituted a steel company which controlled every stage of the business world. Carnegie eventually dominated the steel industry and had built a fortune. His steel factories were

Read More

More about Bethlehem Steel Case Study

Related Topics

Open Document