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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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