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Entrepreneurship and Innovation in Automobile Insurance - Samuel P. Black, Jr. and the Rise of Erie Insurance, 1923-1961 (Electronic book text)
Entrepreneurship and Innovation in Automobile Insurance - Samuel P. Black, Jr. and the Rise of Erie Insurance, 1923-1961...

Entrepreneurship and Innovation in Automobile Insurance - Samuel P. Black, Jr. and the Rise of Erie Insurance, 1923-1961 (Electronic book text)

Samuel P. Black, John Paul Rossi

Series: Garland Studies in Entrepreneurship

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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.

General

Imprint: Routledge
Country of origin: United Kingdom
Series: Garland Studies in Entrepreneurship
Release date: September 2019
First published: 2001
Authors: Samuel P. Black • John Paul Rossi
Format: Electronic book text
Pages: 304
ISBN-13: 978-1-135-65912-7
Categories: Books > Business & Economics > Business & management > Business strategy
Books > Business & Economics > Business & management > Ownership & organization of enterprises > Entrepreneurship
Books > Business & Economics > Industry & industrial studies > Service industries > Financial services industry
Books > Business & Economics > Finance & accounting > Finance > Insurance > General
Books > Money & Finance > Insurance > General
LSN: 1-135-65912-5
Barcode: 9781135659127

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