History 1803E Lecture Notes - Scientific Technique, Frederick Winslow Taylor, Efficiency Movement
27 Nov 2012
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Document Summary
Most business people believe the state has a role to play primary pushers of regulation, state intervention in economy. Infiltrated state, became involved, and allowed them to pursue their profit. Concept of studying business history is new. Idea of business school per se is relatively new (emerged as response to changes in business world in the 19th century: rise of enormous firms too big to be directly controlled by owners. Monopolies are still illegal today: overbearing state declaring what cannot be owned or bought, in order to preserve free market, block emergence of monopolies, reward those to have most resources at their disposal. Rockefeller was no lover of competition; thought it was inefficient and despised competition: economy dominated by huge firms in canada. Utilities dominated by private interests: bigger = more complex businesses, effort to formally formalize the organization and running of these companies. Relying upon individuals deemed to be experts of management.
