Structural Effects of Communication Technologies on Firms

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Excerpt from Structural Effects of Communication Technologies on Firms: Lessons From the PastThe argument for an indirect influence, derived from Alfred Chandler's work, 2 has three intermediate steps. The railroad and the telegraph together, he argues, expanded the market a given firm could reach and adequately serve by radically speeding up both communication and transportation. Cities once considered too distant to serve suddenly became accessible. This widening of potential markets encouraged firms to increase production.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.