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... > social science subjects > business and management > organization studies > organization studies encyc > approaches to management theory > managerial revolution

Preferred term

managerial revolution  

Definition

  • James Burnham's (1943) The Managerial Revolution identified a major change in the nature of capitalism: the growth in the number of professional managers who controlled companies that they did not own. This was a product of two sorts of change. [Source: The SAGE Dictionary of Sociology; Managerial Revolution]

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https://concepts.sagepub.com/social-science/concept/managerial_revolution

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