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OverviewEntrepreneurs 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. Full Product DetailsAuthor: Samuel P. Black , John Paul RossiPublisher: Taylor & Francis Ltd Imprint: Routledge Weight: 0.508kg ISBN: 9781138863842ISBN 10: 113886384 Pages: 304 Publication Date: 30 June 2020 Audience: College/higher education , General/trade , Tertiary & Higher Education , General Format: Paperback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsContents Preface ix Acknowledgments xiii CHAPTER 1 Introduction: Entrepreneurship—Theory and Practice 1 CHAPTER 2 The Motor Age 37 CHAPTER 3 Getting Ahead 59 CHAPTER 4 The Romance of Claims 81 CHAPTER 5 “Push This Thing Along”: The Rise of Erie Insurance 99 CHAPTER 6 The Challenge of the Depression 127 CHAPTER 7 Adversity and Innovation 163 CHAPTER 8 Sales, World War II, and Managing the Northwest Territories 197 CHAPTER 9 Underwriting and Problems of Growth 231 CHAPTER 10 Questions of Strategy and Rewards CHAPTER 11 Epilogue - Samuel P. Black Jr Bibliogrpahy Appendices IndexReviewsAuthor InformationSamuel P. Black is one of the pioneers of automobile insurance companies. John Paul Rossi is in the Department of Human and Social Sciences at Penn State University. Tab Content 6Author Website:Countries AvailableAll regions |
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