Sociology
Mulholland (1998) argued that privatization changed the relationship between companies and managers in that:
flexibility was reduced by the introduction of detailed daily worksheets
the state had greater control than managers over production processes
ownership was transferred from small shareholders to senior managers
employment depended on performance rather than trust and commitment
employment depended on performance rather than trust and commitment
Since the 1980s, there has been a trend towards the privatization of many organizations, to replace publicly owned, nationalized industries. For example, private capital has been drawn into public services like the NHS and public utilities have been sold to the private sector. Kate Mulholland looked at the effects that this has had on managers’ careers: previously, the relationship between employing organizations and managers was one of trust and commitment, as managers gave a loyal service in return for a secure career. This changed with the bureaucratic idea of the ‘portfolio career’, whereby individuals could move between organizations, capitalizing on their employability. ( 563
employment depended on performance rather than trust and commitment Since the 1980s, there has been a trend towards the privatization of many organizations, to replace publicly owned, nationalized industries. For example, private capital has been drawn into public services like the NHS and public utilities have been sold to the private sector. Kate Mulholland looked at the effects that this has had on managers’ careers: previously, the relationship between employing organizations and managers was one of trust and commitment, as managers gave a loyal service in return for a secure career. This changed with the bureaucratic idea of the ‘portfolio career’, whereby individuals could move between organizations, capitalizing on their employability. ( 563
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