Rethinking the MBA: a Turn to the Field within Business Education?
TL;DRAbstract
In The Transformation of Corporate Control, Neil Fligstein (1990) charts the rise of what he terms "the finance conception of control" within American business.Prior to this mid-20 th century development, management was framed in terms of sales expansion and product diversification.However, as corporations had grown to the point where an executive could hardly be expected to know the specifics of each product, financial analysis became the primary mode of decision-making.Thus, businesses were to be run along the lines of metrics such as return on investment, which implied that decisions could be made in a cool, detached and analytic manner.
Chat with Paper
AI Agents for this Paper
In The Transformation of Corporate Control, Neil Fligstein (1990) charts the rise of what he terms "the finance conception of control" within American business.Prior to this mid-20 th century development, management was framed in terms of sales expansion and product diversification.However, as corporations had grown to the point where an executive could hardly be expected to know the specifics of each product, financial analysis became the primary mode of decision-making.Thus, businesses were to be run along the lines of metrics such as return on investment, which implied that decisions could be made in a cool, detached and analytic manner.
Keywords
Chat
Click to start Chat