integration changed the way business was done in america by ______
big corporations could control the cycle of a product from creation to sale
large companies grew larger by merging with other companies or aquiring them
big companies were not allowed to destroy their smaller competition
business leaders could move into jobs of similar status where their skills where more of a fit
streamlining operations and improving efficiency through automation and technology
increasing competition and driving down prices for consumers
expanding market reach and access to global markets
promoting specialization and division of labor
disrupting traditional industries and creating new business models
increasing opportunities for entrepreneurship and innovation
Integration changed the way business was done in America by:
1. Allowing big corporations to control the entire cycle of a product from creation to sale. This means that large companies had the ability to handle every aspect of the production process, from designing and manufacturing the product to distributing and selling it.
2. Leading to the growth of large companies by merging with other companies or acquiring them. Integration allowed big corporations to expand their operations and increase their market share by combining forces with or taking over smaller companies in the same industry.
3. Implementing regulations to prevent big companies from destroying their smaller competition. The government set up antitrust laws and regulations to ensure fair competition and prevent monopolies from forming. This way, integrated companies were not allowed to engage in practices that would eliminate smaller competitors.
4. Allowing business leaders to move into jobs of similar status where their skills were more of a fit. Integration created opportunities for business leaders to transition into positions within larger companies where their skills and expertise were better suited. This could involve taking on higher-level roles or joining departments that aligned with their abilities.
Integration changed the way business was done in America in several ways:
1. Big corporations could control the cycle of a product from creation to sale: Integration allowed large companies to streamline their operations and have control over the entire production process. This meant that they could oversee product creation, manufacturing, distribution, and sales all within their own organization. This increased efficiency and allowed companies to have more control over the quality and production of their goods.
2. Large companies grew larger by merging with other companies or acquiring them: Integration led to the consolidation of companies through mergers and acquisitions. This means that big corporations would merge with or acquire smaller companies in the same industry. This allowed them to expand their market share, increase their resources, and eliminate competition. By growing in size, companies could gain more influence and dominate their respective industries.
3. Big companies were not allowed to destroy their smaller competition: While integration allowed for the growth of big corporations, there were also regulations in place to prevent the complete destruction of smaller competition. Antitrust laws and government regulation aimed to maintain fair competition and prevent monopolies. These regulations discouraged big companies from engaging in anti-competitive practices, such as predatory pricing or monopolistic behavior.
4. Business leaders could move into jobs of similar status where their skills were a better fit: Integration created new opportunities for business leaders to expand their careers. As companies grew through integration, there was a demand for skilled executives and managers who could oversee the complex operations of the larger organization. Business leaders could move into jobs of similar status within the integrated company, where their expertise and skills were a better fit for the expanded organization. This allowed for increased specialization and more efficient management of resources.
To summarize, integration in the business world allowed big corporations to control the entire product cycle, grow larger through mergers and acquisitions, while still being regulated to preserve fair competition. It also provided opportunities for business leaders to find roles where their skills were better utilized within the integrated companies.