'Courtaulds and the beginning of rayon' in B Supple (ed), Essays in British Business History. The development of the firm

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  • Name Entrepreneurship inc cultural influences, opportunity, etc
  • Name Intellectual property inc patents, trade marks, designs & copyright inc management
  • Name Marketing inc brand & product development, distribution, etc
  • Name Innovation, diffusion & invention, inc technology & products

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Considers the growth of the Courtauld business from c1904 and its purchase of Viscose Spinning Syndicate Ltd along with its patents for making artificial silk - later known as rayon - and the firm's subsequent development by 1920 into the world's biggest rayon manufacturer with a very important US subsidiary. Analyses what happened and how it happened and the entrepreneurial input involved. Has sections: 'Technical origin of rayon'; 'Courtaulds and the commercial development of rayon'; 'The American market'; 'The rayon boom and Courtaulds' prosperity'; 'Some elements of success'. In particular focuses on success achieved via a mixture of enterprise, opportunism and luck but facilitated by monopoly rights and managerial skills in producing and marketing a new product