Gilded Age Research Paper

     The term Gilded Age was named for a Mark Twain book. It meant covered with gold, and was applied to this period as a whole. This was a period of corruption in sordid politics.

Vertical integration – when you choose to produce raw materials and/or distribute finished goods themselves rather than rely on independent suppliers, factors and agents for these tasks

Starting of reading this article, I was completely lost and wanted to quit. Vertical integration seemed too big of a concept to wrap my head around and the article had so many stats and figures I was going crazy. After dissecting the article parts by part and figuring out what vertical integration meant, the research started to make sense. To start off what the research talks about lets define vertical integrated. According to Adelman, it states that “a firm is vertically integrated whenever it ‘transmits from one of its departments to another good or service which could, without major adaptation, be sold in the market.’”. Ultimately a company is vertically integrated when “firms integrates activities in the value chain to produce its own inputs and/or takes care of its own

Vertical integration is the process that a company goes through to create and sell their product. It starts off with it being made in the studio then the company finds suitable PR and advertising individuals to help sell the product and get it on to the market. When that is done the company looks for streaming websites, cinemas and DVD distributes so the audience have access to their product

Vertical integration is when two businesses or organizations at different levels of production merge. The principal goal is to increase the overall efficiency and to cut down costs throughout the supply chain. In return, it will improve profitability and competitiveness. It allows companies to obtain matchless amount of influence over them, and if you have a company and are thinking about using it in your organization as a business strategy, it is important to know its Pros and Cons beforehand.

Vertical integration is when a company controls its own business; they control the supplies, the manufacturer, the expenses, basically they control everything in the business. Vertical Integration is used by a lot of companies. There are various ways vertical integration can be used. Vertical integration can even be used on a clothing company.

Andrew Carnegie was the owner of the Carnegie Steel Company. He was the first to implement vertical integration in his business. Vertical integration is basically buying out your supply chain to lower your costs. In Andrew’s case he would buy railroad companies and iron mines. Once he had acquired the manufacturing, raw materials, and transportation that his steel company needed he was able to lower prices and improve his margins.

Also, railroads would charge more for transporting goods a short distance than they would for a long one. The reason for this was that over a long distance they needed to cut rates to keep up with the competition from other railroad lines. When only traveling a short distance, there was most likely only one line that traveled the route and farmers were forced to pay whatever rate that particular railroad was charging. In order to get more business, railroads would also refund money to big business owners who used their lines. Such refunds were known as rebates. Since these businesses paid less to transport their goods, they could sell them at a cheaper rate than small business owners thus driving the small business owners out of business.2 Other practices used by big business included vertical integration, horizontal integration, trusts, interlocking directorates, and holding companies. Vertical integration occurred when one business controlled all industries involved in making a product from the raw materials to the finished consumer version. In a horizontally integrated industry all companies that produced a certain type of product consolidated to corner the market. 3 A trust was controlled by a board of trustees that controlled the stock and voting privileges of a number of companies in the same industry.4 In an interlocking directorate, the same people sat on the board of directors for multiple

Vertical integration is the merging together of two businesses that are at different stages of production—for example, a food manufacturer and a chain of supermarkets. Merging in this way with something further on in the production process is known as forward integration (The Economist Newspaper, 2016). We often see this at gas stations for example, many Shell’s gas stations now have a Churches Chicken inside their store. Vertical integration often approaches great capacity that gives many businesses the ability to control quality, differentiation, cost, and delivery times, which can be a benefit to the company. I would say vertical integration is more common and is the best approach. Diversification is the procedure of infiltrating one or

When two companies offer the similar or compatible products or services in the same market and combines together under one owner is called horizontal merging (Linton, no date). So, this is a horizontal merger which will increase the company’s cash flow and profit/revenue.

Now vertical integration is a farmer buying a restaurant where the farmer will use his farm as the source of the food. The benefit of this foward vertical integration in this case is the farmer who used to be the middleman who made little profits sell its product to the customer directly. However, since the farmer is now owners the restaurants and the farm, the farmer could potential more money.

Describe horizontal and vertical integration. Why do businesses leverage these vehicles for growth, and how can they aid in gaining competitive

The way I understand and according to the material provided this week, we can see two major ways in which a company can grow: the first one is called Organic Growth, and the second one Inorganic Growth (The Times 100, n.d.). Additionally, we can differentiate two types of integration, horizontal or vertical. Horizontal integration is considered for companies operating in the same sector and that are at the same stage of production, allowing them to increase their customer base and to share costs for more profitability. Vertical integration (forward or backward) though means for a firm to acquire the companies that it supplies and/or that buy its goods/Services in order to have a better control over the entire production processes.

Vertical Integration. Rather than trying to integrate outsiders, we feel that it is easier to perform all the functions ourselves. Such internalization cuts back on the coordination and potential conflicts, and allows us to exercise control over all aspects of the production. We also might be able to shift profits to operations in lower tax jurisdictions.

• Forward vertical integration in which the vender can start to manufacture the product it was selling, for example the cloth maker starts to make readymade garments, or the television picture tube maker starts making television sets. In such case there is loss of a customer.