Entrepreneurship and Innovation in Automobile Insurance is popular PDF and ePub book, written by Samuel P. Black in 2019-09-30, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Entrepreneurship and Innovation in Automobile Insurance can be Read Online from any device for your convenience.
Entrepreneurship and Innovation in Automobile Insurance Book PDF Summary
Entrepreneurs play a central role in economic growth and development, but how they do so is the subject of considerable debate. This book explains that process through an historical case study of an automobile insurance entrepreneur, Samuel P. Black, Jr., and Erie Insurance, the company he helped build. It also recounts the largely untold history of American automobile insurance. One of this study's central themes is the role of innovation in the entrepreneurial process. The rise of Erie Insurance from a four-person enterprise in Erie, Pennsylvania, in 1925 to the fourteenth largest property-casualty insurer today was the result, in part, of Black's relentless push to innovate. His continual efforts to cut costs, develop new products, satisfy customers, increase sales, and improve operations, all contributed greatly to the company's growth. A second theme is the automobile's dramatic impact on modern America. Its takeover of mass transportation provided the basis for the development of the automobile insurance industry and created many of the opportunities that Black and Erie Insurance capitalized on. These themes combine in the history of Black and Erie Insurance to illuminate the dynamic process by which the cultural, social, economic, and technological environment creates opportunities that entrepreneurs and entrepreneurial firms exploit, and how entrepreneurial actions stimulate economic growth.
Detail Book of Entrepreneurship and Innovation in Automobile Insurance PDF
- Author : Samuel P. Black
- Release : 30 September 2019
- Publisher : Routledge
- ISBN : 9781135659059
- Genre : Business & Economics
- Total Page : 382 pages
- Language : English
- PDF File Size : 17,6 Mb
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