Theme Analysis
Key entreprenuers
The key entrepreneurs were Sarnoff who went to extreme limits to upgrade the TV set from black-and-white to color TVs despite boos from his initial failed attempts. The RCA Company was also another key entrepreneur: with the improving of the picture tubes through a crash R&D effort, producing electronic military warfare. Sony, Panasonic, Matsushita, LG and Hitachi were other key entrepreneurs.
DuPont was the key entrepreneur of gunpowder with it being the supplier of it to the U.S government whenever the U.S government was involved in a war.
The Japanese and European firms that manufactured electronics managed to edge out American firms out of the business. However, in the chemical industry from as long as in the late 40s to the present the American competitors have triumphed in the industry. Among the key entrepreneurs in the chemical industry was DuPont.
The North American government had set strategies that were not like with those of other large firms in the rest of America, European and Japanese companies, all in the name of securing the home market. The imposed strategies enabled other countries such as Japan to dominate over the RCA’s radio and TV-set business, and the introduction of cheap electronics from Japan served as a mighty blow on the market share.
Technology
The vacuum tube was invented at AT&T’s labs, but other firms such as Motorola, Sony and Texas Instrument developed transistors out of the vacuum tubes; transistors that had their use in aiding hearing and then got their big break when they were implemented in car radios and curtain raised the printed circuits and microchips based electronic applications possible.
With the glamour that the Japanese electronics firms had commanded in America, they were not spared the peril that befall the electronics industry and in the way their American rivals had fallen, such as RCA and Westinghouse, so was their fate and these mighty companies were forced to shift their bases from their countries to elsewhere such as Mexico and China.
The invention of the videotape made it possible for the consumer to record commercial broadcasts so as to watch them when he had convenient time (Thomas, 2000). It was a field whereby Japanese firms were the key entrepreneurs with their sale in VCRs and video cameras. A large business in tape-rental and later DVDs that was influenced by technology cropped up. Technology influenced great companies such as AT&T to indulge into military projects.
In the textile industries, Britain was the key entrepreneurs before it metastasized to other countries. The ushering in of globalism was a mighty blow for American technological firms, such as RCA, and it greatly influenced technology because there was the influx of inexpensive and cutting-edge color TV manufactured by either Sony or Panasonic and despite urged to go for the American products, they could not turn a blind eye.
The role of the government
Since the German chemical firms (Bayer, Hoechst and BASF) were veterans in the chemical industry and more so the key entrepreneurs worldwide the move by the American government of barring them from the U.S market was mighty swing of the luck pendulum of U.S based chemical companies because they took the advantage of the protected market. The step of the U.S government in barring foreign chemical firms form the American market boosted the firms in terms of producing diverse types of chemicals that ranged from fertilizers, agrochemicals and what came to be known as the “;polymer revolution”.
References
Thomas, M. (2000). American business, 1920-2000: how it worked. Wheeling, Illinois: Harlan Davidson Publishers.
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