Managerial Revolution

Definition of Managerial Revolution

The Canada social science dictionary [1] provides the following meaning of Managerial Revolution: Traditionally, manufacturing enterprises had been owned and controlled by individuals or families. In the mid 19th century however, joint-stock companies began to emerge and over time increasing numbers of investors held a share of ownership and received a portion of the profits. These companies no longer had a single owner and managers emerged to control business operations. It was assumed that this new breed of salaried workers would transform the workplace: values other than profit would enter into business calculations and there would be greater harmony between workers and executives. Since most managers have become large stock holders (and thus owners) the significance of the managerial revolution has been called into question.

Managerial Revolution: Resources

Notes and References

• Drislane, R., & Parkinson, G. (2016). (Concept of) Managerial Revolution. Online dictionary of the social sciences. Open University of Canada