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Entrepreneurship and Innovation in Automobile Insurance (Garland Studies in Entrepreneurship)

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Entrepreneurship and Innovation in Automobile Insurance (Garland Studies in Entrepreneurship) Cover

 

Synopses & Reviews

Publisher Comments:

This study explores the development of automobile insurance through the career of one of the industry's entrepreneurs, Samuel P. Black, Jr., and Erie Insurance, the company he helped build.

Synopsis:

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.

Product Details

ISBN:
9780815329152
With:
Black, Samuel P., Jr.
Author:
Black, Samuel P., Jr.
Author:
Rossi, John Paul
Author:
Black Samuel, P.
Publisher:
Routledge
Subject:
Entrepreneurship
Subject:
Insurance, automobile
Subject:
Business-Start Up Business
Series:
Garland Studies in Entrepreneurship
Publication Date:
20010731
Binding:
Hardcover
Language:
English
Pages:
304
Dimensions:
9.36x6.38x1.07 in. 1.43 lbs.

Related Subjects

Business » General
Business » Insurance
Business » Small Businesses » General
Business » Start Up Business
History and Social Science » World History » General

Entrepreneurship and Innovation in Automobile Insurance (Garland Studies in Entrepreneurship) New Hardcover
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Product details 304 pages Brunner-Routledge - English 9780815329152 Reviews:
"Synopsis" by , 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.

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