This chapter examines the ownership of the Furness Group and the impact of closely-knit shipping companies on the group’s overall administrative structure. It uses Alfred Chandler’s patterns of expansion - vertical integration and horizontal combination - to provide an overview of the growth of large companies in both British and American markets, before turning attention to the structural dynamics of the Furness Group itself. It explores the patterns of internal ownership beginning with Christopher Furness’ holdings over time before moving into discussion of consolidation under the Furness Group, and through to the management of new subsidiaries. It also explores the company’s decision-making and administrative processes in the shipping sector between 1901 and 1912, and the course of administrative adjustment between 1900 and 1919. The relationship between the Furness Group, British Maritime Trust (BMT), and Chesapeake and Ohio (C&O) comes under close scrutiny throughout the chapter, and the management structure after Christopher Furness’ death in 1912 also comes under analysis. It concludes that much of the company was shaped by Furness’ personal influence and stature, so much so that his succession would undoubtedly necessitate change to its internal structure and a shift toward a more ‘businessman-like’ management.
Liverpool Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
If you think you should have access to this title, please contact your librarian.
To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.