Banken, R. and Stokes, R. (2010) "The trauma of competition": the entry of Air Products Inc. into the industrial gases business in Britain and continental Europe 1947-1970. Business History, 52(7), pp. 1068-1085. (doi: 10.1080/00076791.2010.523462)
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Abstract
The British Oxygen Company (BOC) had a virtual monopoly on the supply of industrial gases (e.g. oxygen and acetylene) on the British market through the 1950s, when it was finally challenged by an American-based company, Air Products. Air Products Limited (APL) was able to undercut BOCs position, overcoming high barriers to entry to gain significant market share in this sector, which shares some features of network industries. Factors in this success included conditions imposed by the Board of Trade, APL’s innovations, BOC’s slow response, and favourable market conditions. APL’s success had implications for the internationalisation of the industrial gases industry.
Item Type: | Articles |
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Additional Information: | This is an electronic version of an article published in: Banken, R. and Stokes, R. (2010) "The trauma of competition": the entry of Air Products Inc. into the industrial gases business in Britain and continental Europe 1947-1970. Business History, 52 (7). pp. 1068-1085. ISSN 0007-6791. Business History is available online at: http://www.informaworld.com/smpp//content~db=all~content=a931450735~frm=titlelink |
Keywords: | Industrial gases industry, British Oxygen Company, Air Products and Chemicals, monopoly, market entry, barriers to entry |
Status: | Published |
Refereed: | Yes |
Glasgow Author(s) Enlighten ID: | Stokes, Professor Ray |
Authors: | Banken, R., and Stokes, R. |
Subjects: | H Social Sciences > HD Industries. Land use. Labor D History General and Old World > DA Great Britain |
College/School: | College of Social Sciences > School of Social and Political Sciences > Economic and Social History |
Journal Name: | Business History |
Publisher: | Taylor and Francis |
ISSN: | 0007-6791 |
ISSN (Online): | 1743-7938 |
Copyright Holders: | Copyright © 2010 Taylor and Francis |
First Published: | First published in Business History 52(7):1068-1085 |
Publisher Policy: | Reproduced in accordance with the copyright policy of the publisher |
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