The Post‐War Evolution of Managerial Control in the United States
This chapter has two main sections, which contrast the post‐war development of managerial control in the USA in the mass production industries, and the high‐technology industries––as exemplified by the electronics industry. The first, Sect. 4.2, The post‐war governance of mass‐production enterprises, discusses the trend towards strategic segmentation––the emergence of conglomerations and resulting impact on performance, and the emergence of core corporate enterprises. The second, Sect. 4.3, The electronics complex and the governance of innovation, discusses the roles of the federal government and of venture capital, and the abiding importance of the innovative corporation.
Keywords: conglomerations, core corporate enterprises, corporate governance, electronics industry, federal government, high‐technology industries, history, industrial development, innovation, managerial control, mass‐production industries, post‐war development, strategic segmentation, USA, venture capital
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