Hudson's Bay Company's Success
Explores the factors that allowed the Hudson's Bay Company to outlive its competitors by examining what this company had that other fur-trading operations - chiefly the Northwest Company - did not have.
# 89249 | 1,800 words | 7 sources | 2006 |
Published on Dec 01, 2006 in Business (Companies) , Canadian Studies (Business Issues) , Canadian Studies (Hudson Bay Company)
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This paper examines why the Hudson's Bay Company was able to survive and thrive when other fur trading companies, principally the Northwest Company, which was forced to merge with the HBC, were unable to repeat this success. The paper argues that a combination of territorial over reach by the Northwest Company and the traditional advantages of the HBC's Charter eventually proved too much for the smaller company to overcome.
From the Paper:"For well over three hundred years, the Hudson's Bay Company has been (or at least was until an American entrepreneur took it over) an enduring icon within the Canadian business world. However, while the company is better known today as a retailer, it began first as a fur-trading company - one so successful that it eventually banished all other competitors."
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