Illinois Insurance

Editor’s Note: In 1995, Harris Corporation, whose headquarters is now in Melbourne, Florida, a Hundertel celebrated the anniversary of its creation. The company began as a pioneer in the industry of printing machines, and then grew in the years 1895 by a high-tech companies, whose products are now semiconductors, electronics and telecommunications - communications systems and products Office.

As part of its hundredth anniversary of the festival, Harris in the historical, an overview of the 1994 list of Fortune 500 companies, curious, when they were created and that their names of origin of products or services. Harris then this list of several historians, including Professor Alfred D. Chandler, Jr., and the writing of this review. We believe that the creation of a Harris potentially valuable research tool. We are pleased to present here, in collaboration with the short introduction, it is a composite from the observation by researchers Harris, Professor Chandler, and the assistant editor and publisher of the review.

During the last century and a half, during a period of devastating world wars, economic boom and depression, the rise and fall of empires and nations, and enormous technological change, large American companies have shown remarkable persistence . In a competitive economy and the Americans, who account for the long lifetime of long-term these companies?

The survey shows that 193 (39%) of Fortune 500 are at least a hundred years. A total of your sales of 42% of 4.2 trillion dollars represent the 500 Most erratic that nearly half the 500 companies (247 to be exact) were created in the half-century from the years 1880 years 1920, para. These years are available for historians of the era floods, “the second industrial revolution,” as differentiated from the first revolution of this type from the late nineteenth and early eighteenth century, the factory steam - powered control of the production of these objects such as textiles and ironware. The second industrial revolution depends on modern transportation and communication networks (railways, telegraphs, telephones), followed by electric motors and internal combustion engines. These innovations have made possible the volume of modern art production and distribution of goods and services nationally and even worldwide. The essence of the second industrial revolution was the fusion of mass production with mass marketing.

The Fortune 500 companies during this period were often the first in their sector, in order to make the necessary investments and the establishment of organizations of corporate essential for the use of new technologies and markets. His first band-Benefits powerful entry barriers for new start-ups. Similarly, the importance of these organizations has been undertaking the study as a basis for a wide range of skills that companies are allowed to use the reserves of profits to improve existing products and processes, to develop and commercialize new ones.

Since World War II, a third industrial revolution began, supplies of science-based technologies of chemistry, pharmacy, aeronautics and aerospace, electronics and other industries. Much of the third industrial revolution, even if it’s not that everything has been submitted by the existing businesses and not as a business start-ups. The financial statements and management resources have been used to manufacture large-angle body aircraft engine and new chemicals and pharmaceuticals, electronics entertainment and telecommunications. The driving force behind many new companies, including two very important and far from the Fortune 500, the integrated circuit.