In Schumpeter's and Porter's view the dynamism of markets is driven by innovation. We can envision these forces at work as we examine the following changes: Top 10 US Industrial Firms by Sales 1917 - 1988 1917 1945 1966 1983 1988 1 US Steel General Motors General Motors Exxon General Motors 2 Swift US Steel Ford General Motors Ford 3 Armour Standard Oil -NJ Standard Oil -NJ (Exxon) Mobil Exxon 4 American Smelting US Steel General Electric Texaco IBM 5 Standard Oil -NJ Steel Chrysler Ford General Electric 6 Steel Swift Mobil IBM Mobil 7 Ford Armour Texaco Socal (Oil) Chrysler 8 DuPont Curtiss-Wright US Steel DuPont Texaco 9 American Sugar Chrysler IBM Gulf Oil DuPont 10 General Electric Ford Gulf Oil Standard Oil of Philip Morris 10 Largest Firms by Assets, 1909 and 1987 1909 1987 1 US STEEL GM (Not listed in 1909) 2 STANDARD OIL, NJ (Now, EXXON #3) SEARS (1909 = 45) EXXON (Standard Oil trust 3 AMERICAN TOBACCO (Now, American Brands #52) broken up in 1911) AMERICAN MERCANTILE MARINE (Renamed US Lines; acquired by 4 IBM (Ranked 68, 1948) Kidde, Inc., 1969; sold to McLean Industries, 1978; bankruptcy, 1986 INTERNATIONAL HARVESTER (Renamed Navistar #182); divested farm 5 FORD (Listed in 1919) equipment 6 ANACONDA COPPER (acquired by ARCO in 1977) MOBIL OIL GENERAL ELECTRIC 7 LEATHER (Liquidated in 1935) (1909= 16) ARMOUR (Merged in 1968 with General Host; in 1969 by Greyhound; 1983 CHEVRON (Not listed in 8 sold to ConAgra) 1909) AMERICAN SUGAR REFINING (Renamed AMSTAR. In 1967 =320) 9 TEXACO (1909= 91) Leveraged buyout and sold in pieces) PULLMAN, INC (Acquired by Wheelabrator Frye, 1980; spun-off as 10 DU PONT (1909= 29) Pullman-Peabody, 1981; 1984 sold to Trinity Industries) GENERIC STRATEGIES TO COUNTER THE FIVE FORCES Strategy can be formulated on three :
In Schumpeter's and Porter's view the dynamism of markets is driven by innovation. We can envision these forces at work as we examine the following changes: Top 10 US Industrial Firms by Sales 1917 - 1988 1917 1945 1966 1983 1988 1 US Steel General Motors General Motors Exxon General Motors 2 Swift US Steel Ford General Motors Ford 3 Armour Standard Oil -NJ Standard Oil -NJ (Exxon) Mobil Exxon 4 American Smelting US Steel General Electric Texaco IBM 5 Standard Oil -NJ Steel Chrysler Ford General Electric 6 Steel Swift Mobil IBM Mobil 7 Ford Armour Texaco Socal (Oil) Chrysler 8 DuPont Curtiss-Wright US Steel DuPont Texaco 9 American Sugar Chrysler IBM Gulf Oil DuPont 10 General Electric Ford Gulf Oil Standard Oil of Philip Morris 10 Largest Firms by Assets, 1909 and 1987 1909 1987 1 US STEEL GM (Not listed in 1909) 2 STANDARD OIL, NJ (Now, EXXON #3) SEARS (1909 = 45) 3 AMERICAN TOBACCO (Now, American Brands #52) EXXON (Standard Oil trust broken up in 1911) 4 AMERICAN MERCANTILE MARINE (Renamed US Lines; acquired by Kidde, Inc., 1969; sold to McLean Industries, 1978; bankruptcy, 1986 IBM (Ranked 68, 1948) 5 INTERNATIONAL HARVESTER (Renamed Navistar #182); divested farm equipment FORD (Listed in 1919) 6 ANACONDA COPPER (acquired by ARCO in 1977) MOBIL OIL 7 LEATHER (Liquidated in 1935) GENERAL ELECTRIC (1909= 16) 8 ARMOUR (Merged in 1968 with General Host; in 1969 by Greyhound; 1983 sold to ConAgra) CHEVRON (Not listed in 1909) 9 AMERICAN SUGAR REFINING (Renamed AMSTAR. In 1967 =320) Leveraged buyout and sold in pieces) TEXACO (1909= 91) 10 PULLMAN, INC (Acquired by Wheelabrator Frye, 1980; spun-off as Pullman-Peabody, 1981; 1984 sold to Trinity Industries) DU PONT (1909= 29) GENERIC STRATEGIES TO COUNTER THE FIVE FORCES Strategy can be formulated on three :
Porters%205%20Forces.docx