Evolution of Managerial Role

Evolution of Managerial Role Industrial Revolution The Visible Hand Early 20th Century Growth, Complexity, Change Managerial Capitalism Mid-Late 20th Century Challenges Today and the Future

Industrial Revolution 18th beginning of Western Industry Entrepreneurial Ventures Owned by 1 person Personal Capitalism Second Industrial Revolution

The Visible Hand Managers guiding businesses 'Invisible hand' is market forces Beginnings of study of management Henri Fayol Importance of Engineers to plan, organize, command, co-ordinate, and control

Early 20th Century Increasing presence of salaried managers Changing forms of business Managerial Capitalism Multidivisional (M Form) UK still H Form

Managerial Capitalism Challenges during/after WW2 Focus on education for management Diploma in Management Education not really valued

Mid-Late 20th Century Changes in business e.g. family business/holding companies challenged Mergers/Acquisitions through 60/70's (M Form taking over) 1965 - Manchester/London Uni's Post Grad Management Degrees 

Today and the Future Management education vs Management Role Business majorly owned by institutions  Financial Capitalism

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