Chapter 5

Capitalism to Managerialism(Consciously Harnessing the Power Elite)

Bruce Cutting and Alexander Kouzmin

Abstract

The movement from the feudal society to the era of the entrepreneur and the subsequent evolution to managerialism has been well documented over past decades. A discussion of the significance of Mills' (1956) power elite is used to identify the more recent movement from managerialism to the politicization of corporate decision making. It is argued that in this new age of corporate politicism, the preparation of potential leaders should have a focus on broader societal and political viewpoints as opposed to inward-directed management of organizational behavior.

Total Pages: 63-72 (10)

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