What Is The Role Of Business In A Shifting Society?
Back in the 1790’s, the Industrial Revolution was underway. Artisans making one product gave way to mechanization with companies making multiple products. In the 1830’s, US railroad companies became the first truly modern management organizations. Those early superhighways lowered the cost of moving goods and information, and by the 1920’s, a new type of professionally managed corporation owned by retail investors and run by powerful executives, replaced the early founder-led firms. Management suddenly became a career. Focus on rapid expansion, mass production and meeting increasing mass demand created sprawling conglomerates with giant interdependencies and unprecedented levels of complexity. Along the way we didn’t stop to measure the cost of it all… Continue reading