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Success and Failure Factors: American Merchants in Foreign Trade in the Eighteenth and Early Nineteenth Centuries

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  • Bruchey, Stuart

Abstract

No definitive comparison of factors contributing to success and failure in business is possible. Yet a look at some of those factors, operative in a number of similar circumstances, helps sharpen the customary vague generalizations. An examination of the elements of prudence, diligence, housekeeping habits, intelligence, foresight, use of agents, degree of control, and teamwork suggests that in commerce of the period luck was probably of less influence than commonly supposed. A by-product of this broad inquiry is a specific and highly illuminating comparative picture of mercantile business practice.

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  • Bruchey, Stuart, 1958. "Success and Failure Factors: American Merchants in Foreign Trade in the Eighteenth and Early Nineteenth Centuries," Business History Review, Cambridge University Press, vol. 32(3), pages 272-292, October.
    • Handle: RePEc:cup:buhirw:v:32:y:1958:i:03:p:272-292_00
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    Cited by:

    1. Bryer, Rob, 2012. "Americanism and financial accounting theory – Part 1: Was America born capitalist?," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 23(7), pages 511-555.

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