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Steel companies were at the birth of the modern business corporation. The first billion dollar corporation ever formed was U.S. Steel in 1901. By the mid-twentieth century the steel mill and the automobile plant were the two pillars upon which the twentieth century industrial economy rested. Given the scale of capital and operations, vertical integration was seen to be pivotal, from the raw materials of iron ore and coal on one end of the supply chain to the myriad of finished products on the other. By the end of the twentieth century, however, things had dramatically changed. Take a look...

This is a book about the changing dynamics of innovation in the auto industry. Innovation in the auto industry has traditionally been associated with great, pioneering personalities such as Henry Ford, E.J. Budd, the Fisher Brothers, Alfred Sloan and Eiji Toyoda. Its business history is that of an invention within one company that has become a 'best practice' and subsequently adopted by the industry. However, within specific industries, the general processes of invention and innovation have been guided by characteristic architectures. An outstanding example to be referenced in the book is the...