Managerial capitalism emerged in the late 19th and early 20th centuries as businesses grew in scale and complexity. Under personal capitalism, owners managed their enterprises, but managerial capitalism involved teams of salaried managers making decisions with little ownership. These managerial hierarchies were necessary to effectively exploit new high-volume technologies like railways and telegraphs that enabled mass production and distribution during the Second Industrial Revolution. Firms like Sears, Roebuck utilized managerial organizations to fill large numbers of orders. Integrated industrial enterprises evolved by first integrating marketing and distribution, then moving backward into raw materials purchasing and control.
As the world has evolved from the age of industrialization to the Networked Society, the nature of consumption has also changed.
The evolution of consumers’ consumption patterns is intertwined with the disruptions that have transformed industries, cities and society alike. Businesses that grasp the new reality will be the ones that survive transformation to grow and flourish.
Furthermore, the evolving nature of consumption means that growth no longer has to be at the expense of the global environment.
http://www.ericsson.com/thinkingahead/networked_society/commerce_reports
Powerpoint presentation based on Strayer's 3rd edition, Ways of the World text for High School Ap-Honors World History students. Covers the Industrial Revolution, Socialism, Capitalism, Social Unrest, Europe, Russia, United States and Latin America
Capitalism
Pre capitalist
Mercantilism is economic nationalism for the purpose of building a wealthy and powerful state. Adam Smith coined the term “mercantile system” to describe the system of political economy that sought to enrich the country by restraining imports and encouraging exports. (Library of economics and liberty)
The goal of these policies was, supposedly, to achieve a “favourable” balance of trade that would bring gold and silver into the country and also to maintain domestic employment
the mercantile system served the interests of merchants and producers such as the British East India Company, whose activities were protected or encouraged by the state.
The most important economic rationale for mercantilism in the sixteenth century was the consolidation of the regional power centres of the feudal era by large, competitive nation-states.
Enclosure Acts (1604 – 1914)– land publicly used for grazing , crops became the property of landlords – who then increased rent – pushing people toward the cities to earn a living
Other contributing factors were the establishment of colonies outside Europe;
the growth of European commerce and industry relative to agriculture;
the increase in the volume and breadth of trade; and the increase in the use of metallic monetary systems, particularly gold and silver, relative to barter transactions.
Growth of empire building (and military)
During the mercantilist period, military conflict between nation-states was both more frequent and more extensive than at any other time in history. The armies and navies of the main protagonists were no longer temporary forces raised to address a specific threat or objective, but were full-time professional forces.
Each government’s primary economic objective was to command a sufficient quantity of hard currency to support a military that would deter attacks by other countries and aid its own territorial expansion.
In exchange for paying levies and taxes to support the armies of the nation-states, the mercantile classes induced governments to enact policies that would protect their business interests against foreign competition.
For example; In France, Jean-Baptiste Colbert, the minister of finance under Louis XIV from 1661 to 1683, increased port duties on foreign vessels entering French ports and provided bounties to French shipbuilders.
In Britain - the Navigation Act of 1651 prohibited foreign vessels from engaging in coastal trade in England and required that all goods imported from the continent of Europe be carried on either an English vessel or a vessel registered in the country of origin of the goods. Finally, all trade between England and its colonies had to be carried in either English or colonial vessels
But then
The innovation and invention thoprugh science and reasoning led to the
Eric Hobsbawm did not exaggerate when he opined that “the Industrial Revolution marks the most fundamental transformation of human lif ...
Consumerism is the theory that individuals who consume goods and services in large quantities will be better off. Some economists believe that consumer spending stimulates production and economic growth. Consumerism is the selfish and frivolous collecting of products, or economic materialism. Consumerism is the idea that increasing the consumption of goods and services purchased in the market is always a desirable goal, and that a person's well-being and happiness depend fundamentally on obtaining consumer goods and material possessions.
In the economics sense, consumerism is related to the predominantly Keynesian idea that consumer spending is the key driver of the economy and that encouraging consumers to spend is a major policy goal. From this point of view, consumerism is a positive phenomenon that fuels economic growth.
Others view the drive to obtain more material possessions as a problematic, causing individual anxiety and eroding the social fabric.
Accelerating the Industrial Revolution, 1800-1850More steel- s.docxannetnash8266
Accelerating the Industrial Revolution, 1800-1850
More steel- steam
engine and smelting
Railroads- First RR was
built in 1823 to connect
Manchester with the
nearby port of Liverpool
Repeal of the Corn Laws,
Poor Laws, 1832-1846
Stockton-Darlington locomotive, 1825
American locomotive, 1850
Iron and railroads led to steel bridges and road improvements
Chemicals:
Gas lights, fueled by gas extracted from coal, were installed in London, 1812-1820
Sulfuric Acid and Bleach for the textile industry were developed in between 1790-1830
Portland cement, and improvement over traditional concrete, was developed in 1824
SS Royal William, the first ship to cross the Atlantic under steam-power, from Nova Scotia to Liverpool, 1833
Pollution
Great Stink, 1858
Discontent and Organized Labor
Luddites, Manchester, 1811-12, led a series of riots protesting the use of steam engines in textile mills and the resulting unemployment.
Workers’ Unions were illegal in the UK until 1824.
The Chartist movement of the 1830s and 1840s represented the first real effort to build a labor union, and organized the first wide-spread labor strike in 1846.
In 1844, Frederick Engels, the son of a textile factory owner, published his Condition of the Working Class in England, one of the founding works of Socialism.
Reform of Working Conditions
Factory Acts of 1802, 1833-
1)Children under 8 can’t work
2)Children 8-13 can only work 8 hours per day, but only from 6AM to 9PM (max work week of 58 hours)
3)Children 13-18 can work twelve hours per day (max work week of 70 hours)
4) The employers of child-labor must send them to school at least once per week for the first four years of their employment (this was expanded to two hours per day).
Factory Act of 1844-
Women and children (13-18) not allowed to work beyond 58 hours per week.
Factory Act of 1847- The ten hour work day
Robert Owen (1771-1858)
Great fan of reforming industrial labor conditions
Ran his own mill town of New Lanark, Scotland, as an example of how fair treatment and investment in the lives and education of workers could alleviate the social problems of capitalism.
Believed poverty could be solved
by the creation of new villages
for the poor based on the
old principle of commonly-held
lands.
Edwin Chadwick
Member of Poor Laws Commission, but bitterly rejected the reform of the Poor Laws in 1832
Published The Sanitary Condition of the Labouring Population in 1842, complaining about working and living conditions in London and other cities.
Made commissioner of the Metropolitan Sewer District, which built London’s modern sewage system
Ireland and Enclosures
During the eighteenth century, English and Irish-protestant landlords pursued a policy of increasing cash rents or enclosures for sheep farming, dispossessing large swaths of the Irish peasantry.
Many moved to England,
looking for employment in
the cities.
Ireland under British Liberalism
Agricultural Revolut.
As the world has evolved from the age of industrialization to the Networked Society, the nature of consumption has also changed.
The evolution of consumers’ consumption patterns is intertwined with the disruptions that have transformed industries, cities and society alike. Businesses that grasp the new reality will be the ones that survive transformation to grow and flourish.
Furthermore, the evolving nature of consumption means that growth no longer has to be at the expense of the global environment.
http://www.ericsson.com/thinkingahead/networked_society/commerce_reports
Powerpoint presentation based on Strayer's 3rd edition, Ways of the World text for High School Ap-Honors World History students. Covers the Industrial Revolution, Socialism, Capitalism, Social Unrest, Europe, Russia, United States and Latin America
Capitalism
Pre capitalist
Mercantilism is economic nationalism for the purpose of building a wealthy and powerful state. Adam Smith coined the term “mercantile system” to describe the system of political economy that sought to enrich the country by restraining imports and encouraging exports. (Library of economics and liberty)
The goal of these policies was, supposedly, to achieve a “favourable” balance of trade that would bring gold and silver into the country and also to maintain domestic employment
the mercantile system served the interests of merchants and producers such as the British East India Company, whose activities were protected or encouraged by the state.
The most important economic rationale for mercantilism in the sixteenth century was the consolidation of the regional power centres of the feudal era by large, competitive nation-states.
Enclosure Acts (1604 – 1914)– land publicly used for grazing , crops became the property of landlords – who then increased rent – pushing people toward the cities to earn a living
Other contributing factors were the establishment of colonies outside Europe;
the growth of European commerce and industry relative to agriculture;
the increase in the volume and breadth of trade; and the increase in the use of metallic monetary systems, particularly gold and silver, relative to barter transactions.
Growth of empire building (and military)
During the mercantilist period, military conflict between nation-states was both more frequent and more extensive than at any other time in history. The armies and navies of the main protagonists were no longer temporary forces raised to address a specific threat or objective, but were full-time professional forces.
Each government’s primary economic objective was to command a sufficient quantity of hard currency to support a military that would deter attacks by other countries and aid its own territorial expansion.
In exchange for paying levies and taxes to support the armies of the nation-states, the mercantile classes induced governments to enact policies that would protect their business interests against foreign competition.
For example; In France, Jean-Baptiste Colbert, the minister of finance under Louis XIV from 1661 to 1683, increased port duties on foreign vessels entering French ports and provided bounties to French shipbuilders.
In Britain - the Navigation Act of 1651 prohibited foreign vessels from engaging in coastal trade in England and required that all goods imported from the continent of Europe be carried on either an English vessel or a vessel registered in the country of origin of the goods. Finally, all trade between England and its colonies had to be carried in either English or colonial vessels
But then
The innovation and invention thoprugh science and reasoning led to the
Eric Hobsbawm did not exaggerate when he opined that “the Industrial Revolution marks the most fundamental transformation of human lif ...
Consumerism is the theory that individuals who consume goods and services in large quantities will be better off. Some economists believe that consumer spending stimulates production and economic growth. Consumerism is the selfish and frivolous collecting of products, or economic materialism. Consumerism is the idea that increasing the consumption of goods and services purchased in the market is always a desirable goal, and that a person's well-being and happiness depend fundamentally on obtaining consumer goods and material possessions.
In the economics sense, consumerism is related to the predominantly Keynesian idea that consumer spending is the key driver of the economy and that encouraging consumers to spend is a major policy goal. From this point of view, consumerism is a positive phenomenon that fuels economic growth.
Others view the drive to obtain more material possessions as a problematic, causing individual anxiety and eroding the social fabric.
Accelerating the Industrial Revolution, 1800-1850More steel- s.docxannetnash8266
Accelerating the Industrial Revolution, 1800-1850
More steel- steam
engine and smelting
Railroads- First RR was
built in 1823 to connect
Manchester with the
nearby port of Liverpool
Repeal of the Corn Laws,
Poor Laws, 1832-1846
Stockton-Darlington locomotive, 1825
American locomotive, 1850
Iron and railroads led to steel bridges and road improvements
Chemicals:
Gas lights, fueled by gas extracted from coal, were installed in London, 1812-1820
Sulfuric Acid and Bleach for the textile industry were developed in between 1790-1830
Portland cement, and improvement over traditional concrete, was developed in 1824
SS Royal William, the first ship to cross the Atlantic under steam-power, from Nova Scotia to Liverpool, 1833
Pollution
Great Stink, 1858
Discontent and Organized Labor
Luddites, Manchester, 1811-12, led a series of riots protesting the use of steam engines in textile mills and the resulting unemployment.
Workers’ Unions were illegal in the UK until 1824.
The Chartist movement of the 1830s and 1840s represented the first real effort to build a labor union, and organized the first wide-spread labor strike in 1846.
In 1844, Frederick Engels, the son of a textile factory owner, published his Condition of the Working Class in England, one of the founding works of Socialism.
Reform of Working Conditions
Factory Acts of 1802, 1833-
1)Children under 8 can’t work
2)Children 8-13 can only work 8 hours per day, but only from 6AM to 9PM (max work week of 58 hours)
3)Children 13-18 can work twelve hours per day (max work week of 70 hours)
4) The employers of child-labor must send them to school at least once per week for the first four years of their employment (this was expanded to two hours per day).
Factory Act of 1844-
Women and children (13-18) not allowed to work beyond 58 hours per week.
Factory Act of 1847- The ten hour work day
Robert Owen (1771-1858)
Great fan of reforming industrial labor conditions
Ran his own mill town of New Lanark, Scotland, as an example of how fair treatment and investment in the lives and education of workers could alleviate the social problems of capitalism.
Believed poverty could be solved
by the creation of new villages
for the poor based on the
old principle of commonly-held
lands.
Edwin Chadwick
Member of Poor Laws Commission, but bitterly rejected the reform of the Poor Laws in 1832
Published The Sanitary Condition of the Labouring Population in 1842, complaining about working and living conditions in London and other cities.
Made commissioner of the Metropolitan Sewer District, which built London’s modern sewage system
Ireland and Enclosures
During the eighteenth century, English and Irish-protestant landlords pursued a policy of increasing cash rents or enclosures for sheep farming, dispossessing large swaths of the Irish peasantry.
Many moved to England,
looking for employment in
the cities.
Ireland under British Liberalism
Agricultural Revolut.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
2. Personal Capitalism
By the 1840s personally managed enterprises - those that carried out
the processes of production and distribution in market economies –
had become specialized, usually handling a single function and a single
product.
They operated a factory, mine, bank, or trading office. Where the
volume of activity was not yet large enough to bring such
specialization, merchants often remained involved in manufacturing
and banking, as they had in the early years of capitalism.
Some had partnerships in distant lands. But even the largest and most
powerful of early capitalist enterprises were tiny by modern standards.
3. Managerial Capitalism
Managerial capitalism is differed from traditional personal capitalism
in that basic decisions concerning the production and distribution of
goods and services were made by teams, or hierarchies, of salaried
managers who had little or no equity ownership in the enterprises they
operated.
This capitalism had emerged in late nineteenth and early twentieth
centuries.
Managerial hierarchies of this kind are entirely modern. As late as the
1840s, with very few exceptions, owners managed and managers
owned.
4. Development of managerial capitalism
The enormous increase in the volume of output and transactions was
not an inevitable consequence of the First Industrial Revolution, which
began in Britain at the end of the eighteenth century.
It was not the result of the initial application of the new sources of
energy – fossil fuel, coal – to the process of production.
A much more important cause was the coming of modern
transportation and communication.
The railways, roadways, telegraph, steamship, and cable made possible
the modern mass production and distribution that were the hallmarks
of the Second Industrial Revolution of the late nineteenth and early
twentieth centuries.
5. Development of managerial capitalism
These new high-volume technologies could not be effectively exploited
unless the massive flows of materials were guided through the process
of both production and distribution by teams of salaried managers.
The first such managerial hierarchies appeared during the 1850s and
1860s to coordinate the movements of trains and flow of goods over
the new railroad networks, and message over the new telegraph
system.
They then quickly came into use to manage the new mass retailing
establishments – the departmental stores, mail order houses, and
chains or multiple shops – whose existence the railroad and the
telegraph made possible.
6. Development of managerial capitalism
For example, by 1905 such an organization permitted Sears, Roebuck in
Chicago to fill 100000 mail orders in a single day – more that the average
earlier American merchant filled in a lifetime.
The evolution of this largest and most complex of managerial institutions-the
integrated industrial enterprises- had occurred at almost exactly the same
moment in history in the United States and Europe and a little later in Japan.
In nearly all cases they became large, first, by integrating forward (that is,
investing in marketing and distribution facilities and personnel); then, by
moving backward into purchasing and control of raw and semi-finished
material; and some times, though much less often, by investing in research
and development.