Managerial Capitalism Revisited

摘要: The emergence of the modern corporation has resulted in professional managers developing into a significant group actors society. Consequently, it been argued that owners have lost control their corporations to managers. This had already pointed out 1932 by Berle and Means, was further stressed scholars such as Burnham 1941, later, post-war period, Galbraith (1967) Marris (1964). However, studies managerial work, Carlson (1951), Mintzberg (1973), Stewart (1967), among others, also noted top appear limited work. In addition, recent management multinational found headquarters difficulties controlling activities subsidiaries worldwide operations. These circumstances constitute points departure for present paper, which analyses conditions capitalism globalised world. particular, considers interaction between an ownership tended become increasingly institutionalised, class more professionalised. For this interaction, is great significance principles widely spread society through education, media, consultants. largely implied short-term financial performance dominating long-term orientation. main purpose paper analyse mechanisms behind development effects.