The Development of Modern Business in Japan

Etsuo Abe

Business History Review, 1997, vol. 71, issue 2, 299-308

Abstract: Although it has not been recognized very clearly, Alfred Chandler offers a dual definition of modern business. One definition focuses on the formation of “managerial hierarchies;” this refers to the rise of professional managers, a development that eventually leads to the separation of management and ownership. The advent of the managerial firm, or managerial capitalism, symbolizes modern business. Chandlers other definition focuses on management structure and emphasizes the U-form (Unitary-form) or M-form (Multi-divisionalform), both of which are organizational types closely associated with the development of modern, large-scale firms. The modern firm usually has the characteristics of a managerial organization and employs either the U-form or M-form (typically the latter) structure.

Date: 1997
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:buhirw:v:71:y:1997:i:02:p:299-308_06

Access Statistics for this article

More articles in Business History Review from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().