Download e-book for kindle: BASF: innovation and adaptation in a German corporation by Werner Abelshauser

By Werner Abelshauser

ISBN-10: 0521827264

ISBN-13: 9780521827263

This company historical past of BASF bargains a view of the functioning of an business association that has controlled to thrive and extend on account that 1865. in addition, it finds a lot in regards to the purposes for the extreme monetary dynamics of the German empire and the large growth of the realm financial system sooner than global conflict I. It allows the probing of the origins and unfold of the data society, during which technological know-how and research-based innovation became the main determinants of monetary development and social improvement. for that reason, BASF's background built on the center of Germany's wartime financial system in the course of either global wars and highlights its strengths in addition to its weaknesses.

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71 marks at that time). 9 million marks. The latter amount was more than one and one-half times the size of the share capital. It should also be noted that Engelhorn and his administrative council exploited the freedom of maneuver available within the legal framework, in order to keep the profits announced in balance sheets as small as possible, instead pouring money into an official reserve fund and into extensive hidden reserves. 84 A glance at the corresponding accounts confirms this. The value at the time of purchase of real estate, buildings, apparatus, and machines rose by mid-1872 to 3,949 million marks, more than two and a half times the value of the share capital as altered in 1869.

57 After all, in view of its worldwide sales value of at least 45 million marks per harvest, there were immense profits to be made. Finally, at the beginning of 1868, the dye’s structure was worked out by Carl Graebe (1841–1927) and Carl Liebermann (1842–1914), two research students of Adolf (von) Baeyer (1835–1917) in Berlin. 58 Obviously, the task of developing a profitable process to deploy in industrial production – something that revolved around the need to find a suitable substitute for the expensive bromine used initially – still had to be solved.

Glaser, Erlebnisse, 37 ff, 40 ff, 55 ff, 83–4, 87, 91 ff; Schuster, Wissenschaft, 30, 34 ff; Vaupel, Graebe, 158–159, 165 ff. Glaser, Erlebnisse, 54–55; Travis, Rainbow Makers, 184 ff. ”75 Even though the six-year period on the way toward large-scale production of alizarin involved the overcoming of many and considerable hurdles, even the relatively modest amounts of the product that BASF could initially put on the market yielded rich profits, mainly thanks to strong demand and high initial prices.

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BASF: innovation and adaptation in a German corporation since 1865 by Werner Abelshauser

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