[The Age of Big Business by Burton J. Hendrick]@TWC D-Link bookThe Age of Big Business CHAPTER II 23/42
His associates--men like Flagler, Archbold, and Rogers--also had unusual talents, and together they built up the splendid organization that still exists.
They exacted from their subordinates the last ounce of attention and energy and they rewarded generously everybody who served them well.
They showed great judgment in establishing refineries at the most strategic points and in giving up localities, such as Boston and Portland, which were too far removed from their supplies.
They established a marketing system which enabled them to bring their oil directly from their own refineries to the retailer, all in their own tank cars and tank wagons.
They extended their markets in foreign countries, so that now the Standard sells the larger part of its products outside the United States. They established chemical research laboratories which devised new and inexpensive methods for refining the product and developed invaluable byproducts, such as paraffin, naphtha, vaseline, and lubricating oils. It is impossible to study the career of the Standard Oil Company without concluding that we have here an example of a supreme business intelligence working in a field which gave the widest possible scope of action. A high quality of organization, however, does not completely explain the growth of this monopoly.
<<Back Index Next>> D-Link book Top TWC mobile books
|