The Rise of the Megacorporation

HBR IdeaCast

Harvard Business Review

Leadership, Entrepreneurship, Communication, Marketing, Business, Business/management, Management, Business/marketing, Business/entrepreneurship, Innovation, Hbr, Strategy, Economics, Finance, Teams, Harvard

4.4 • 1.9K Ratings

🗓️ 22 August 2013

⏱️ 16 minutes

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Summary

Richard Adelstein, professor of economics at Wesleyan University and author of "The Rise of Planning in Industrial America, 1864-1914."

Transcript

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0:00.0	If you work with early career professionals, my colleagues at
0:03.8	HPR have a great new podcast for you. It's called New Here. Think of it like the
0:08.4	Young Professional's Guide to Building a Meaningful Career on your own terms.
0:11.9	Share New Here with the Young Professionals in your life. a meaningful career on your own terms.
0:12.8	Share new here with the young professionals in your life.
0:15.9	Listen for free wherever you got your podcasts.
0:18.6	Just search new here. Welcome to the H-B-Ridea cast from Harvard Business Review.
0:33.3	I'm Sarah Green.
0:34.7	I'm talking today with Richard Adelstein,
0:37.5	Woodhouse Cisco Professor of Economics at Wesleyan University.
0:41.2	He's the author of, recently The Rise of Planning in
0:44.8	Industrial America 1865 to 1914.
0:48.8	Ritchie, thanks so much for joining us today. Thanks Sarah, it's a pleasure to be here.
0:53.6	So today we're going to be taking a look back at a period of time that really gave rise to
0:58.4	a new kind of American corporation.
1:00.8	As you talk about in the book, that era really saw companies get a lot bigger
1:04.5	You know they didn't just sort of spring out of nowhere so so give us a sense of kind of what were they the answer to what problem were they there to solve?
1:12.1	That's a good question. When we look at large-scale
1:15.8	economic organization today, when we look at big firms or big corporations,
1:20.7	they're such a familiar part of the landscape that we don't actually think about
1:26.1	what a remarkable achievement it is that each of them represents.
1:30.6	A large corporation, let's say one that has 50,000 people associated with it, requires that
	...

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