Edwin L. Drake. ... Tell a friend about us, add a link to this page, or visit the webmaster's … horizontal integration definition: a situation in which a company buys another company that has the same activities: . X. horizontal integration synonyms, horizontal integration pronunciation, horizontal integration translation, English dictionary definition of horizontal integration. Define horizontal integration. In strategic management, horizontal integration is a theory of ownership and control defining a strategy used by an entity that seeks to sell one type of product in … The mafia emerged from the ranks of the Italian immigrants in the early 1900s. Horizontal Integration occurs when a business expands its control over other similar or closely related businesses. Horizontal Integration: Horizontal integration occurs when a company expands so much at one step of the supply chain that it has a virtual monopoly over the business. The American Mafia in the Early 20th Century. American History USA Articles. Carnegie became a tycoon because of shrewd business tactics. The United States in 100 Years, A Prediction. Definition. Rockefeller often bought other oil companies to eliminate competition. Trusts. Many mergers of this type must be approved by the government before they occur in order to protect consumers from the reduced competition. A prediction of how the United States will be a hundred years from now, in 2115. A horizontal acquisition is a business strategy where one company takes over another that operates at the same level in an industry. Term. man that successfully used a steam engine to drill for oil near Tiusville, Pennsylvania. Forms of Industrial Organization. Learn more. developed around 1850, this technique injected air into molten iron to remove carbon and other impurities from the metal. Exact Definition. The Guide focuses on horizontal integration features accompanying EU ac-cession and integration processes. Term. This is a process known as horizontal integration.Carnegie also created a vertical combination, an idea first implemented by Gustavus Swift.He bought railroad companies and iron mines. Bessemer Process. We solve complex challenges across two distinct businesses: Horizontal Digital. Horizontal integration is a business practice that involves the consolidation of all companies offering a service or product (say, tires) to reduce competition. If Will Stinson Tires buys out as many other tire companies as it can to merge resources, it is streamlining through horizontal integration. Thomas Alva Edison. Horizontal integration can easily lead to monopolies and oligopolies if one company purchases all or most competitors in a market, which often raises antitrust issues. Cookies help us improve your website experience. By using our website, you agree to our use of cookies. For example, an oil refining business would be horizontally integrated if it owned or controlled other oil refineries. We've changed our name to Horizontal. The original sense of the word trust describes an arrangement for administering the affairs of a child or incompetent adult (beneficiary) by a person known as a trustee.A trustee is a person or party who acts on behalf of another or others, usually under the terms of a court order. Horizontal Talent. Definition.