The Great Financier “J.P Morgan documentary.
Normally, with JP Morgan's story at birth, we start a life story without thinking about the powerful family that brought him up here being a controversial and passionate preacher, grandparents, and introducing his grandchildren to the power of powerful speak which would eventually pay a dividend for the future, the captain of industries.
But his father was a highly respected and European banking industry, a much more towering and instrumental figure in life, and he largely took it upon himself to mold his son into his own cool, and collected the picture of the young boy grooming to eventually enter the family banking company, no other guy, close to having the same kind of effect.
On April 17, 1837: in Hartford, Connecticut, John Pierpont Morgan was born into a distinguished New England family. James Pierpont (1659-1714), one of his maternal relatives, was the founder of Yale University; his paternal grandfather was the founder of the Aetna Insurance Corporation; and his father, before becoming a partner in a London-based merchant banking business, ran a prosperous Hartford dry-goods company.
According to Britannica, he was the American financial and industrial leader, during the two pre-World War I decades, was one of the world's leading financial leaders. He reorganized many major railways and funded industrial consolidations that created the Steel, International Harvester, and General Electric companies of the United States.
Let us Identify the relationship between strategy and structure in this documentary..
Strategy refers mainly to the roadmap set out by an entity. The main goal of the plan is to ensure that, in order to survive and expand in an increasingly competitive environment, a company achieves the goals set. A structure, on the other hand, is the way in which a company's internal resources get linked to each other. Furthermore, both businesses and industries' structure and strategy are related, which is why strategy permits companies and businesses to decide their management structure and construct it. The business structure is focused on the findings of the strategic research of the company. The company will use these results in order to determine its focus areas and how to position itself to expand.
In this documentary. J Pierpont Morgan’s company, was founded in 1861. One of the dividends of working in the banking industry was the sheer introduction of pants to the elites of New York, enabling him to mix with those of high society. He later lost his first wife to a horrific illness and buried himself at work to escape the sorrow that followed. Eventually, he will become American finance's most influential man. During turbulent times, his most consequential contributions helped to bail out the United States. He brokered an arrangement between the Central Railway companies of Pennsylvania and New York, which saved the U.S. economy in turn.
By this we can determined the relationship of strategy and structure. J.P Morgan use this as opportunity to maintain the operating conditions to build strategies that protect the economy and boost the country in turn to provide a framework of sustainable development that prioritizes a series of engagements, by his strategy in the certain event he establish an active structure and role in corporate management of rails.
It is said in the documentary, while the markets were closed, that degree of attention contributed to unheard of banking business performance, while the average annual income of the country was only $500 a year, Morgan regularly made over 500,000 a year, but it was more than his financial genius that made him so. While others saw overexpansion Morgan saw an opportunity, Morgan would play an active role in the corporate management of rails he invested in by taking a position in a company instead of passively buying stocks in railway companies, and joining his board of directors, Morgan could reshuffle the leadership of the company, and then direct the company the way he saw fit the practice grew so popular and known as organization.
The concept of resource and resource allocation and commitment in this Documentary..
J.P Morgan worked for both the London office and the New York office during the American Civil War. During the war, he gained a lot of money by serving the Union in the United Kingdom. This involves arranging Union loans, funding gun acquisitions, speculating on gold. He then founded a business, Dabney, Morgan & Co, which specializes in railroad company securities. With a relationship with Anthony Drexel, JP Morgan expanded further when Drexel, Morgan & Co was established in 1871. The market would soon poke holes in his company, allowing for a real escape from the office and the barrage of telegrams, and even though Morgan had plenty of cash to keep himself afloat.
When the railroads went to him for assistance. Unless he was granted full power, he would refuse, this was not the time to wait around, as all great businessmen knew that this was a time for immediate action after gaining control of a rail line, Morgan used his financial wizardry to boost the cash flow of the company remortgaging its debt and issuing additional shares to raise more money, among other tactics and as a financial strategy.
He and his associates are eventually taking over ownership of most railway companies. He is a member of the board of directors of the ten largest railway companies, while his colleagues are board members of directors of some fifty other companies. Morgan had ownership of over 78,400 km of railroad in 1898, comprising at this time over than half of the US railroad.
In addition to his involvement in the railway companies, Morgan is making other investments that will help shape the history of the United States.
Stay tuned to the next part!