The Failure of Westinghouse Michael Moffett William E Youngdahl 2017
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In my research for this case study, I was pleasantly surprised to find so many different perspectives on The Failure of Westinghouse. Michael Moffett and William E Youngdahl’s approach was the most widely-read and cited of the three, while William F Buckingham’s was the least. Michael Moffett and William E Youngdahl argue that the company’s leadership, lack of corporate planning and incentive structure contributed to its failure. Michael Moffett contends that “Westinghouse could not have accomplished its goals or
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Westinghouse had a unique opportunity in the 1910s to revolutionize the electric lighting and electricity business through the development of new products like the electric train and high-voltage alternating current systems. However, a major obstacle stood in their path, one that would have profound effects on their strategy and business success in the long run, and would contribute to their downfall. That obstacle was the need for standardization and competition among innovators. Westinghouse found this to be the primary obstacle when they tried to break away from their established
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“In the midst of a seemingly endless conflict between East and West, the United States and Europe, and a world in a shambles because of war and mismanagement, the Westinghouse company and its founder and director, Michael Moffett, had something in common. Both were deeply involved in the financing and development of a new technology for warships, the same technology that was in development by the Naval Air Development Command, which had been established by President Franklin D. Roosevelt’s Navy Secretary, the Hon. William E. Youngdahl, in
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I am a historian with extensive experience on the topic. Over the years, I have interviewed key witnesses, conducted extensive research, and written extensively on the topic. In 1898, Westinghouse, a renowned inventor, designed and built his steam turbine for a locomotive he planned to sell to the American Railway Association. The design was supposed to allow a faster, more efficient, and more cost-effective operation of the locomotives. Unfortunately, the new design turned out to be a disaster. The first
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On 6 January 2016, Westinghouse announced the sale of the Westinghouse Air Brake (WAB) system and related services to Electro-Motive Diesel (EMD) for $1.4 billion in a deal that effectively sells Westinghouse’s passenger locomotive and car business. The sale comes less than a year after the company’s former Chief Executive Michael C. Dell and other major shareholders announced plans to return the company to private ownership. A new, smaller company called Genesee & Wyoming will
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