How did Andrew Carnegie create a successful business?

For one he utilized the art of vertical integration. This entailed total him governing all aspects of his business. From the mining of pig iron and other materials, to their refinement, and finally to the sales of his product. This way he would receive maximum profits.

He also stressed efficiency, competition amongst workers, and a cheap product. He promote competitiveness among top employees, rewarding winners and firing failures. This is how he maintained employing the best of the beset. He was able to cut the cost of steal from 58 dollars a ton 25 which is why EVERYONE bought from him. It was his skill in mass production that made him so successful.

To be honest I stumbled across this question because I'm writing a paper on the same thing. Hope this helps, know there is more behind it though. My professor is asking a more fundamental question. What characteristic traits did he acquire from his parents and others that helped him to accomplish all of this. Tough information to come across easily on the internet

Good luck my friend

-M