Shaping the Industrial Century: The Remarkable Story of the Evolution of the Modern Chemical and Pharmaceutical Industries

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Overview

The dean of business historians continues his masterful chronicle of the transforming revolutions of the twentieth century begun in Inventing the Electronic Century.

Alfred Chandler argues that only with consistent attention to research and development and an emphasis on long-term corporate strategies could firms remain successful over time. He details these processes for nearly every major chemical and pharmaceutical firm, demonstrating why some companies forged ahead while others failed.

By the end of World War II, the chemical and pharmaceutical industries were transformed by the commercializing of new learning, the petrochemical and the antibiotic revolutions. But by the 1970s, chemical science was no longer providing the new learning necessary to commercialize more products, although new directions flourished in the pharmaceutical industries. In the 1980s, major drug companies, including Eli Lilly, Merck, and Schering Plough, commercialized the first biotechnology products, and as the twenty-first century began, the infrastructure of this biotechnology revolution was comparable to that of the second industrial revolution just before World War I and the information revolution of the 1960s. Shaping the Industrial Century is a major contribution to our understanding of the most dynamic industries of the modern era.

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Editorial Reviews

Times Higher Education Supplement - John Emsley
Chandler has written an account of the industry's turbulent century that is analytical and lucid...Chandler does a remarkable job of covering the development of two industries that changed the world in the 20th century. Over the years, I have read several books that depict the colourful story of individual chemical companies, but here is one that paints them all on the same canvas.
Pharmacy in History - John P. Swann
One cannot read Shaping the Industrial Century without a sense that this is a work informed by decades of inquiry into business history and the rise and fall of companies and industries across the world. The author moves quite easily and confidently across a wide range of firms to summarize the key decisions that formed the fate of these businesses...Alfred D. Chandler, Jr.'s unique perspective helps to broaden the view of the history of the pharmaceutical industry, and thereby contributes notably to the history of pharmacy.
Business History Review - John K. Smith
Shaping the Industrial Century represents an important extension of the framework that Alfred Chandler has developed in several seminal books published during his long and productive career...Chandler has done more than provide a case study of the evolution of the modern chemical and pharmaceutical industries. Shaping the Industrial Century is a dynamic demonstration of how strategy takes precedence over structure in determining the ongoing success or failure of an industry that has reached its mature phase.
Times Higher Education Supplement
Chandler has written an account of the industry's turbulent century that is analytical and lucid...Chandler does a remarkable job of covering the development of two industries that changed the world in the 20th century. Over the years, I have read several books that depict the colourful story of individual chemical companies, but here is one that paints them all on the same canvas.
— John Emsley
Business History Review
Shaping the Industrial Century represents an important extension of the framework that Alfred Chandler has developed in several seminal books published during his long and productive career...Chandler has done more than provide a case study of the evolution of the modern chemical and pharmaceutical industries. Shaping the Industrial Century is a dynamic demonstration of how strategy takes precedence over structure in determining the ongoing success or failure of an industry that has reached its mature phase.
— John K. Smith, Jr.
Pharmacy in History
One cannot read Shaping the Industrial Century without a sense that this is a work informed by decades of inquiry into business history and the rise and fall of companies and industries across the world. The author moves quite easily and confidently across a wide range of firms to summarize the key decisions that formed the fate of these businesses...Alfred D. Chandler, Jr.'s unique perspective helps to broaden the view of the history of the pharmaceutical industry, and thereby contributes notably to the history of pharmacy.

— John P. Swann

Times Higher Education Supplement

Chandler has written an account of the industry's turbulent century that is analytical and lucid...Chandler does a remarkable job of covering the development of two industries that changed the world in the 20th century. Over the years, I have read several books that depict the colourful story of individual chemical companies, but here is one that paints them all on the same canvas.
— John Emsley

Pharmacy in History

One cannot read Shaping the Industrial Century without a sense that this is a work informed by decades of inquiry into business history and the rise and fall of companies and industries across the world. The author moves quite easily and confidently across a wide range of firms to summarize the key decisions that formed the fate of these businesses...Alfred D. Chandler, Jr.'s unique perspective helps to broaden the view of the history of the pharmaceutical industry, and thereby contributes notably to the history of pharmacy.

— John P. Swann

Business History Review

Shaping the Industrial Century represents an important extension of the framework that Alfred Chandler has developed in several seminal books published during his long and productive career...Chandler has done more than provide a case study of the evolution of the modern chemical and pharmaceutical industries. Shaping the Industrial Century is a dynamic demonstration of how strategy takes precedence over structure in determining the ongoing success or failure of an industry that has reached its mature phase.
— John K. Smith, Jr.

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Product Details

  • ISBN-13: 9780674017207
  • Publisher: Harvard University Press
  • Publication date: 4/30/2005
  • Series: Harvard Studies in Business History Series , #46
  • Edition description: New Edition
  • Pages: 384
  • Product dimensions: 6.50 (w) x 9.68 (h) x 1.19 (d)

Meet the Author

Alfred D. Chandler, Jr., was Isidor Straus Professor of Business History at Harvard Business School.
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Table of Contents

1 Differences, concepts, themes, and approach 3
2 Evolving paths of learning 19
3 The major American companies 41
4 The focused American companies 83
5 The European competitors 114
6 The American competitors 144
7 The American comopanies : the prescription path 177
8 The American companies : the over-the-counter path 213
9 The American and European competitors 230
10 Commercializing biotechnology 260
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  • Anonymous

    Posted April 28, 2014

    SAM AND COS BIOS AT RES FOUR

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    Nate bio

    I am 18 years old and i am 6'3". I have flippy brown hair (i guess) and blue eyes. Dark blue. I have a scar on my left cheek and my ears are peirced. I am tan and love to play lacrosse and also football. I usually wear jeans, hoodies, vans, and beanies or snapbacks. I do have a six pack but eh... who cares? Anyway, thats it.

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