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... > social science subjects > business and management > organization studies > organization studies encyc > approaches to management theory > managerial capitalism
... > social science subjects > psychology > behavior mechanisms > human development > applied developmental science > social issues > managerial capitalism

Preferred term

managerial capitalism  

Definition

  • Managerial capitalism represents a form of capital accumulation and organizational control in which managers are the central agents of power. Labor, technology, resources, and administrative structures are coordinated by a cadre of legal-rational managers who do not necessarily own the means of production under their governance (although this is changing with the increasing use of stock-option incentive systems). [Source: International Encyclopedia of Organization Studies; Managerial Capitalism]

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

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