Importance of development for Managment

IMPORTANCE OF DEVELOPMENT FOR MANAGEMENT

NAME

COLLEGE

COURSE

COLLEGE

LECTURER

Introduction

: While technology has been the focus of the industrial revolution which started in England and spread from there to the United States and elsewhere . Chandler argues that the modern business firm is more than technology . He argues that management is the key to modern business . Using these articles , explain why this added factor is necessary and why Chandler sees it in historical evidence of this time period

Technological advancement is very vital for the growth

br of industries and business as a whole . It is through technological advancement that the time of doing business has considerably been reduced . For instance , the internet has made the world to be a global village thus people can do business with people they have never met at the click of the button . In so doing the advancement of technology comes along with volumes in terms of the products manufactured and the number of business activities taking place . To avoid a snarl up as a result of he volumes that come along with technological advancement there is need for a thorough and cautious management to be taken into account . This necessitates the need of trained managers who will take care of the business activities in terms of supervision , accounting and coordinating these business activities . In this sense Chandlers views that management is the key to contemporary business is true . This can be shown by the number of administrative managers that are going for MBA program for the sole purpose of enhancing their managerial skills . Equally important is the demand that is manifested for the holders of MBA and their high payment . This in essence shows that technology alone is not enough in prosperity of business in today 's world but management is vital for the growth of business

Body

In the article `The Beginnings of Big Business in American Industry ' Chandler considers other factors and not only technology including administration that influenced the rise of huge companies . He endeavors to figure out what drove businesses to be run the way they are run . He equally sees the need to change the relationships within the working force to enable them to meet the demands of their customers This though in the early times , shows the necessity of good management and it is to this effect that Chandler uses this historical evidence to show the importance of management

Chandler also considers the change by looking at the innovations that were taken apart from the consolidation and centralization in the consumers ' goods industries which were well under way by 1893 . In this sense he considers companies that have grown large through creation of a synchronized , countrywide marketing and distribution organization . He uses this historic evidence to show that the need for a structured management was needed at the time so as to avoid poor distribution among many other problems

Management is necessary in enabling a business boom since without proper management the products cannot only be marketed...