Managerial Capitalism - Book Report/Review Example

Only on StudentShare

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. ...
Download paper


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…
Author : fdeckow

Related Essays

Book Report About Capitalism/Entrepreneurship
The story of the novel happens in the US in a time in future when the nation has turned totally into a corrupt corporate entity. The story begins when Eddie Willers, walking on the streets hears the question, 'who is John Galt?', a question that puts more fuel into his prevailing gloom. The question is not answered. The presence of poor people everywhere is felt from the very beginning of the novel suggesting that the country is in an economic mess. Eddie's father had been employed by the Taggart family, the owners of the fastest train service in the nation and Eddie also works for the same...
4 pages (1004 words) Book Report/Review
Managerial Capitalism
In Scale and Scope, Chandler refines and broadens this analytical apparatus. To bring "the modem industrial enterprise into being," a "three-pronged investment in manufacturing, marketing, and management" proved essential, to "consolidate production facilities into plants of optimal size, establish the necessary marketing networks, and recruit the managerial organization." Without it,' 'economies of scale and scope in production" would have been unattainable, but with it "cost per unit dropped more quickly as the volume of materials being processed increased," and "economies of joint...
6 pages (1506 words) Book Report/Review
Management Book Report/Review
The author critically differentiates the two expressions. A historical analysis by Aristotle serves as a convincing and illuminating paradigm of the difference between chance and fortune. The terminologies fortune and chance, luck and misfortune are compared in daily or normal parlance and also in the business milieu. It is imperative that chance and fortune being evaluated in the business and the economic sector. This argument is coherent and explanatory though it is incapable of clearly defining and differentiating these expressions. The argument that fortune and chance can be controlled and...
4 pages (1004 words) Book Report/Review
Knowledge Management Book Report/Review
The modern day organisation operates essentially in the public sphere. This implies that its level of competitive advantage is connected with its knowledge management process and the competence level demonstrated by this process. In this context, knowledge management may be defined as the process of transmitting information regarding various quarters within the organisation's operational sphere to the relevant parties within and outside it. This is an important process owing to the fact that the public today wants to know details about the organisation in order to show any level of interest in...
4 pages (1004 words) Book Report/Review
Internet Banking Book Report/Review
We argue that the concept of affordance (both perceived and real) carries a mandatory component of utility or purposeful action that influence the usability of online banking services particularly in the UK. Finally, we provide the influential guidelines on design and affordance in the growth of online banking services based on how these three kinds of affordances work together naturally in contextualized internet-banking design or evaluation.
12 pages (3012 words) Book Report/Review
Red Capitalism Book Review
It also gives readers an idea of how government runs China’s financial system and state-owned enterprises. It is interesting to note that unlike other developed countries, China tends to have a political system that is not stable. Renminbi is also not a convertible and internationally recognized currency. Chinese is also known for its high-context culture. It is hard to control and manage businesses without intervention by the party or government. It is claimed, “The Party is able to ensure its control over China’s most powerful business groups by having the power to appoint their top...
4 pages (1004 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!