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Managerial Capitalism - Book Report/Review Example

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Author : fdeckow

Summary

Chandler sets out to explain why the modern, integrated, multi-unit enterprise appeared in greater numbers and attained a greater size in a shorter period f time in the United States than in Europe. He finds the answer related in part to the large size f the U.S…

Extract of sample
Managerial Capitalism

But in Scale and Scope the essential thesis is that between the 1850s and the 1880s the transportation and communications networks established the technological and organizational base for the exploitation f economies f scale and scope in the processes f production and distribution. (p. 58)
The entrepreneurial response in distribution preceded that in production because innovation in distribution was primarily organizational, not technological. The reasons for the decline f commission agents and the growth f full line, full service wholesalers and mass retailers is not entirely clear from Chandler's analysis.[1] Many f the names f the mass retailers that emerged after the Civil War are still familiar today and include Macy's, Lord & Taylor, Strawbridge & Clothier, John Wanamaker, Marshall Field, and Emporium. Montgomery Ward and Sears Roebuck came to dominate the rural market, relying heavily on mail-order operations. These houses built administrative systems to handle more transactions in a day than most traditional merchants could handle in a lifetime.
The laying down f railroad and telegraph systems precipitated a wave f industrial innovation in Western Europe and the United States far more wide ranging than that which had occurred in Britain at the end f the eighteenth century. ...
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