A New Approach to Business

A New Approach in Business in the UK The UK economy has been through five revolutions in the twentieth century which have transformed its basic structure and method of functioning. First, the organizational revolution led to an increase in the number, size, and power of organizations of all types. Second (and an aspect of the organizational revolution), the corporate revolution expanded the scale of business enterprise and led to the dominance of the modern big-business corporation. Third, the managerial revolution saw the emergence of a class of professional managers who…

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