HARTHROB: A case study of Corbin-Farnsworth Inc, a pioneer in the development and manufacture of clinical medical electronic instruments It was a time when the electronic industry was making significant changes. Transistors were replacing vacuum tubes, and the future looked bright for the genre because of the miniaturization and power saving attributes of semiconductors. However, in 1954, it was mostly speculation. Transistors were expensive, $50 apiece, and prone to failure.
Working for a startup operation that was manufacturing specialty laboratory equipment to order for physicians doing basic research, the pair saw a need for similar equipment designed for clinical applications. Unable to persuade the company to invest in their venture, they formed a new company and acquired the assets of the operation. C-F was profitable the first year of their existence, and demand for their products was strong, as was the need for Capital for expansion.
HARTHROB takes you through the decisions and compromises made in dealing with the success C-F was having, that after 18 years in business, brought about the companies dissolution.
No comments:
Post a Comment