Sociology
In the debate about the ‘managerial revolution’, John Scott (1997) argued that:
owners still exercised control through groups of shareholders and interlocking directorships
ownership and management were becoming increasingly separate functions
the techniques of scientific management were overly bureaucratic and inefficient
managers were becoming dissatisfied with their working conditions and planned to overthrow the owners of businesses
owners still exercised control through groups of shareholders and interlocking directorships
As organizations grew larger and more complex, managers became an increasingly powerful group. The ‘managerial revolution’ argument suggests that this took control of the workforce and productivity away from the capitalist owners of the organizations, and passed it into the hands of the managers. However, Scott argues that owners still hold most control, in the form of loose groupings of major shareholders, or ‘constellations of interests’. 549-551
owners still exercised control through groups of shareholders and interlocking directorships As organizations grew larger and more complex, managers became an increasingly powerful group. The ‘managerial revolution’ argument suggests that this took control of the workforce and productivity away from the capitalist owners of the organizations, and passed it into the hands of the managers. However, Scott argues that owners still hold most control, in the form of loose groupings of major shareholders, or ‘constellations of interests’. 549-551
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