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Compose a 2250 words assignment on chandlers model of integrated managerial enterprise. Needs to be plagiarism free!
Compose a 2250 words assignment on chandlers model of integrated managerial enterprise. Needs to be plagiarism free! I will discuss why is it that the integrated managerial expertise led to the progress of certain firms in the 19th century. Moreover, I will discuss the importance of Chandler’s model and its applications in the twentieth century. In the end, I will try to discuss the possible alternatives to Chandler’s approach and how the businesses in Germany and Japan follow them and still prosper.
Chandler’s theories mainly concern integrated managerial expertise. Being a historian himself, as Brown reveals (2006), Chandler’s primary emphasis throughout his theories was everything that had happened in the past to different firms as they adopted certain measures. Chandler’s conjectures provided ample evidence about studies of such firms (An example is that of the Singer sewing machine), through which he deduced some facts. Following are the significant conclusions of this study:
Chandler believed that the firms as Brown (2006) states will expand and integrate if a proper managerial system is present. Terming managerial expertise as the Visible Hand, Chandler (1975) disagreed with the ‘Invisible Hands’ of Adam Smith. According to him, firms could be more progressive and productive if they invested greatly in management. This notion of Chandler was very different from Adam Smith who theorized that firms could be more successful if the market forces (Invisible hands) were allowed to operate freely. Quoting data of different firms, Chandler (1975) relates that in the 19th Century firms realized the importance of high volume activities. As a result, they started to produce more. Higher volumes meant the reduction of the average cost that finally led to economies of scale. Economies of scale were achieved when a particular firm could operate at its least possible cost without having to compromise on the level of output produced.
