著者
森川 英正
出版者
経営史学会
雑誌
経営史学 (ISSN:03869113)
巻号頁・発行日
vol.22, no.2, pp.1-29, 1987-07-30 (Released:2009-11-06)

Ogura Oil had long been dominated by Tsunekichi Ogura, the founder and dictatorial leader before he died in 1934, so that no salaried managers could be promoted to the top management post. Nobuhei Nakahara, a chemical engineer of that company graduated from the Tokyo Imperial University, played a major role in solving conflicts within Ogura family and Ogura Oil immediately after Tsunekichi's death and opened his way to the top management. In this process he cooperated with Tamaki Makita, the former senior executive director of Mitsui Mining and a brother in law of Fusazo Ogura, who could become the president of Ogura Oil by the help of Makita and Nakahara. Fusazo, Makita and Nakahara formed the top management of new Ogura. In 1939, Nakahara shifted to the new oil refining company, Toa Nenryo Kogyo which was established by the joint-share holdings of eight oil refining companies including Ogura Oil. This new company was born from the strong desire of the military to guarantee the supply of the high quality gasoline for the wartime purpose. Nakahara's move to the new company was also the product of military.But while working as the top executive of Toa Nenryo, Nakahara continued to have interest in Ogura Oil. When Ogura Oil met the management crisis in 1941 because of the failure of president Fusazo, Nakahara cooperated with Makita to rescue Fusazo and Ogura Oil by merging it with Nippon Oil.
著者
梅野 巨利
出版者
経営史学会
雑誌
経営史学 (ISSN:03869113)
巻号頁・発行日
vol.22, no.2, pp.30-53, 1987-07-30 (Released:2009-11-06)

In 1971, the government of Guyana nationalized the Demerara Bauxite Co. (Demba), a subsidiary of Alcan Aluminium Ltd., which had been in operation since 1916. This paper aims at clarifying the interaction between Alcan and Guyana until nationalization from the viewpoint of the balance and shift of bargaining power between them.The major findings of this paper are as follows : (1) Unlike the cases of other extractive industries such as copper in Chile and oil in Venezuela, the Guyanese government intervention into Alcan occurred much later. Guyana was a colony of England until 1966, and England depended heavily on Alcan for its supply of bauxite ore and aluminum products especially during the two World Wars. These reasons weakened the bargaining power of Guyana and explain why intervention occurred much later.(2) Alcan was able to maintain its strong bargaining power which was derived from its mainstream bauxite-aluminum operations through the existence of alternative supply sources of bauxite and high entry barriers to the industry.On the other hand, calcined bauxite, which can only be produced in Guyana as it is not found in any other country, gave it bargaining power over Alcan.In conclusion, the interaction of these two forces formed a double bargaining power structure. The nationalization of Alcan by Guyana can be said to be brought about by the latter force.
著者
三上 敦史
出版者
経営史学会
雑誌
経営史学 (ISSN:03869113)
巻号頁・発行日
vol.22, no.3, pp.1-28,i, 1987-10-30 (Released:2009-11-06)

The purpose of this paper is to clarify the ownership patterns and management characteristics of the Indian zaibatsu from the standpoint of the types of the zaibatsu families; a) the joint family type (the Walchands, the Singhanias, the Bajajs), b) the split type (the Goenkas, the Birlas), and c) other types (small family type; the Mahindras, alien type; the Tatas).Some of the concluding observations are as follows : 1) On the whole, inter-corporate investment and multiple directorship as the instrument of control play the significant role in all the zaibatsu, though the pattern varies widely among the groups. Generally it can be said that the larger the joint family is, the stronger tends to be the zaibatsu families' holds over both ownership and management. 2) In the case of the split type, both ownership and management are retained independently by each sub-group of the zaibatsu family. To be noted is the case of the ownership of the R.P. Goenkas, one of the three subgroups of the Goenkas, where a number of investment companies that are subsidiaries of the four main companies of the group play the decisive role in the shareholdings of the group companies. 3) In the Mahindras, the small family type, the main family members hold the ultimate decision making power of the nuclear (holding) company, thereby controling quite a few of their group companies.
著者
日高 千景
出版者
経営史学会
雑誌
経営史学 (ISSN:03869113)
巻号頁・発行日
vol.21, no.3, pp.27-52, 1986-10-30 (Released:2009-11-06)

Oldham, the world's largest center of cotton spinning, is also known as the leading center of the early joint-stock company in Britain. From the 1870s to the 1900s, a large number of spinning companies, known as “the Oldham limiteds, ” sprang up in this town, bringing about an unprecedented expansion of the town's spindleage. This paper attempts to reappraise these new companies in the context of the subsequent decline of the British cotton industry in this century.The analysis is focused on the financial problem. Probably, one of the most important characters of the limiteds was in their financial system. The system, as a matter of fact, opened a new source of finance and made possible the emergence of a huge additional spinning capacity, but at the same time it influenced the corporate strategy of the limiteds in such a way as to make them less competitive.The question of why did the decline of the British industry occur is the author's major concern. And this paper is a first step toward clarifying the nature of a mature economy and the factors that affected the British industry's adaptability to changes in the economic environment.
著者
北林 雅志
出版者
経営史学会
雑誌
経営史学 (ISSN:03869113)
巻号頁・発行日
vol.21, no.4, pp.1-28, 1987-01-30 (Released:2010-11-18)
被引用文献数
1

The price of silver began to fall after 1873. The silver question was one of the most difficult problems facing British colonial banks in the 19th century. British colonial banks, whose operations involved financial transfers between Europe and Asia, suffered from constant fluctuations in exchange rates. This paper is an attempt to investigate how British colonial banks coped with this problem.The violent fluctuations in exchange rates were undermining their business with all silver using countries by introducing into it a strong element of speculation and uncertainty. Under these circumstances, the nature of China's foreign trade, especially the import trade, was undergoing a cmplete change from the late 1880s to the early 1890s, The very unsettled state of exchange rates had been compelling foreign importers to alter their mode of doing business, the socalled “Indent trade”. Under this “Indent trade”, a good deal of the import business passed into the hands of chinese merchants, while foreign importers were becoming merely commission agents. After the Indian mints stopped producing silver coinage in June 1893, the bulk of the “Indent trade” changed from a silver basis to a sterling basis. At this stage, it became possible for manufacturers in Manchester to quote for their piece goods in sterling and to obtain payment by drawing bills of exchange payable sterling on chinese indentors. In this system, the exchange risks inherent in the trade were transferred to chinese importers.As a result, sterling bills came to be widely used in the East and most of the “Indent trade” was conducted on a sterling basis. Through this mode of business, British colonial banks were able to carry on exchange operations on a stable basis, and to make remunerative profits.
著者
佐々木 聡
出版者
経営史学会
雑誌
経営史学 (ISSN:03869113)
巻号頁・発行日
vol.21, no.4, pp.29-60, 1987-01-30 (Released:2010-11-18)

There were many Japanese electric manufacturers who had introduced “modern” or “scientific” management as well as engineering technique from abroad. However, business historians did not bring forth detailed studies on this topic so far.In this case study, the author clarified the significances of Time Study Method at Kobe factory of Mitsubishi Electric Company in 1925, and analysed the backdrop and process of the introduction of this method and its application to the workshop. Furthermore, the author discussed the diffusion of this method to other Japanese firms.Some results from this investigation are shown as follows.1) As for business circumstances in this period, three fundamental elements were pointed out : the expanding markets, the radical labour movement and the decreasing labour mobility. These changing business conditions urged managers and engineers to reorganize the structure of management at the workshop and to pay attention to the availability of the scientific management method.2) Time Study Method was, first of all, introduced into electric fan shop of Kobe Works by Takeo Kato who had learned the scientific management method at Westinghouse Electric Company after the technical tie-up of the two companies in 1923. At the electric fan shop, the Time Study Method was succesfully applied to the fabricating process, and then the wage rate based on this Time Study, guaranteed the workers the average wage in the industry concerned.3) The Time Study Method from Westinghouse was eventually diffused into the governmental factories such as Kokura Works of the Ministry of Railway and Kure Navy Shipyard. Nobuo Noda and Takeo Kato, pioneering in the introduction of the Time Study Method to Mitsubishi, took an leading role in the scientific management movement in the Showa Era.
著者
畠山 秀樹
出版者
経営史学会
雑誌
経営史学 (ISSN:03869113)
巻号頁・発行日
vol.21, no.4, pp.61-87, 1987-01-30 (Released:2010-11-18)
著者
湯沢 威
出版者
経営史学会
雑誌
経営史学 (ISSN:03869113)
巻号頁・発行日
vol.21, no.4, pp.88-99, 1987-01-30 (Released:2010-11-18)
著者
長谷川 信
出版者
経営史学会
雑誌
経営史学 (ISSN:03869113)
巻号頁・発行日
vol.21, no.1, pp.1-27, 1986-04-30 (Released:2009-11-06)

This paper analyzes the entrepreneurial activities relating to market and product developments and the plant and equipment investments, and their contribution to the development of Yasukawa Electric Co. Yasukawa Electric Co. was established in 1915 as a part of the Yasukawa family's business diversification, initially producing generators, motors, and transformers. The company did not fare well in the 1920s, due to the slow product development and the formation of sales organizations.From the late 1920s, the product development focusing on motors became active. During the Great Depression, the production became organized around electric motors and the sales network expanded. Thus the company grew rapidly in the 1930s.The establishment of the mass production system stemmed from the active plant and equipment investments beginning in 1933. These developments were made possible by the increasing influence of salaried managers. The advent of salaried managers and their supporting staff necessitated an adjustment of interests in the Yasukawa family's businesses, and changed the process of decision making in the Yasukawa family as well.
著者
米川 伸一
出版者
経営史学会
雑誌
経営史学 (ISSN:03869113)
巻号頁・発行日
vol.21, no.2, pp.1-31, 1986-07-30 (Released:2009-11-06)

The Royton group was widely known as one of the best-performing company groups among the Oldham limiteds in the interwar period. The purpose of this article is to clarify the origin and process of the group from its formative years, and to analyze its major strategies. Analysis is based on the company records stocked at Shiloh Spinners Ltd., company files in the Public Record Office and Company Registration Office of London, and the Oldham local newspapers. The major conclusions are the following.(1) The group originated in the Royton and Star Spinning Company which was founded in the midst of the phenomenal 1873-75 boom in the flotation of cotton spinning companies. M.B. Tattersall was a principal entrepreneur in forming the group.(2) G.E. Gartside, a “student” of the M.B. Tattersall school, spun off from the Tattersall group by establishing the Holly Mills in 1890. He was, however, closely aligned with Tattersall's group, so that it is reasonable to regard the companies as part of a single group.(3) The group's strategies were not notably different from those of most well-performing cotton spinning companies, but among the Oldham limiteds they were not common, and therefore worthy of appreciation.(4) How was it possible to keep up the good performance among the group?, One of the answers is found in the internal labour market of the group. Mill officials were usually recruited and moved within the group, so management strategies could be settled in each company.
著者
伊藤 孝
出版者
経営史学会
雑誌
経営史学 (ISSN:03869113)
巻号頁・発行日
vol.21, no.2, pp.32-60, 1986-07-30 (Released:2009-11-06)

Standard Oil Company (New Jersey) -the present name is Exxon Corporation-has been the biggest company in the world petroleum industry since the late 19th century. The purpose of this paper is to clarify the characteristics of business activities of the Company during World War II.The main characteristics were as follows : (1) The Company maintained and shored up the fundamental structure of operations which had been established during the 1920s and 1930s : the crude oil production department played a most important part in dominating other companies; the cartel continued to be effective in crude oil production, especially in the U.S.A.; the range of operations was worldwide in wartime as well as before the war.(2) The Company manufactured strategic munitions, that is, aviation gasoline (100-octane), butadiene and synthetic toluene. I think this was an important beginning for petroleum chemical operations by the Company. But it was small in scale in contrast to other operations. I estimate that it didn't provide profits of any importance.(3) The Company made use of government finances, which were essential. But it used them chiefly for operations which had little validity in peacetime. The main operations, for instance, crude oil production, were carried out using the company's own capital.
著者
田村 祐一郎
出版者
経営史学会
雑誌
経営史学 (ISSN:03869113)
巻号頁・発行日
vol.21, no.3, pp.1-26, 1986-10-30 (Released:2009-11-06)
被引用文献数
1

This article deals with some important problems in the life insurance business in the late Nineteenth Century America, as follows;1. Fundamental structure of life insurance business.2. Expansive character of the American life insurance business, tipified by Henry B. Hyde, the Equitable Life. His aim was, first of all, to satisfy his own entrepreneurial wants, higher ranked than life insurance purpose.3. Tontine Policy, introduced by Hyde, was not only an ideal solution of the problem with which he was confronted, but also gave him a weapon to push his Equitable to the top of the industry.4. Manegement of Jacob Greene, the Connecticut Mutual, was in a marked contrast to that of Hyde. Being an early advocate of “Humane Life Value Theory”, and stubborn opponent of the Tontine, he had a distinct idea of life insurance business. His management, true to his principle, was inferior to Hyde, in quality. that is, growth of business, but much more superior in quality, both cost and returns to policyowners.