Alfred D. Chandler, Jr. Quotes

The modern joint stock firm is the outcome of innumerable decisions made by individual entrepreneurs, owners and managers. For these decision makers the choices among alternatives were limited and the outcomes uncertain, but almost always there were choices. Despite the variability of these individual decisions, taken cumulatively they produced clear patterns of institutional change

Alfred D. Chandler, Jr.

• Decision
• Firm
• Owners

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Quotes to Explore

• Modern factory management (but not it must be stressed the management of large modern multi-unit enterprises) had the genesis in the United States in the Springfield Armory.

  

  Alfred D. Chandler, Jr.
  • United States
  • Factory
  • Genesis

• To maintain and continue a high volume of flow demanded organizational innovation. It would be achieved only by creating an administrative hierarchy operated by many full-time salaried managers.

  

  Alfred D. Chandler, Jr.
  • Innovation
  • Flow
  • Hierarchy

• Unless structure follows strategy, inefficiency results.

  

  Alfred D. Chandler, Jr.
  • Results
  • Strategy
  • Structure

• Strategy can be defined as the determination of the long-term goals and objectives of an enterprise, and the adoption of courses of action and the allocation of resources necessary for carrying out these goals.

  

  Alfred D. Chandler, Jr.
  • Goals
  • Strategy
  • Resources

• The systems and controls developed at the armory were as critical to the development of what became known as the 'American System of Manufacturing' as the new metalworking machinery and machine tools.

  

  Alfred D. Chandler, Jr.
  • Development
  • Systems
  • Controls

• Multi-unit business enterprise replaced small traditional enterprise when administrative coordination permitted greater productivity, lower costs, and higher profits than coordination by market mechanisms.

  

  Alfred D. Chandler, Jr.
  • Productivity
  • Enterprise
  • Costs

• Men's mind and abilities grow and expand with use of responsibilities.

  

  Alfred D. Chandler, Jr.
  • Mind
  • Responsibilities
  • Abilities

• Complete accountability is established and enforced throughout; and if there there is any error committed, it will be discovered on a comparison with the books and can be traced to its source.

  

  Alfred D. Chandler, Jr.
  • Source
  • Error
  • Accountability

• All I know is that the Internet will transform the world.

  

  Alfred D. Chandler, Jr.
  • World
  • Internet
  • Transform

• The modern joint stock firm is the outcome of innumerable decisions made by individual entrepreneurs, owners and managers. For these decision makers the choices among alternatives were limited and the outcomes uncertain, but almost always there were choices. Despite the variability of these individual decisions, taken cumulatively they produced clear patterns of institutional change

  

  Alfred D. Chandler, Jr.
  • Decision
  • Firm
  • Owners