What Makes John Rockefeller Successful

297 Words2 Pages
John Rockefeller may be known as the most hated businessmen of all time, however, his success was well known due to his skills as a business administrator helped him eliminate inefficiencies within the industry. He thought that the key to beat competition was through efficiency and attention to detail. His tactics were to secure the lowest shipping rates from railroads, lowered prices to cut out competitors which then he bought them out, increase efficiency, and utilized all waste. The goal with standard oil was to control and calm a very chaotic oil business. He then ended up buying the majority of the refineries around Cleveland and then take apart the bad ones and upgrades the better ones to his standards. There was some positive impact
Open Document