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The decadent corporation

In: Business at a Crossroads

Author

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  • Tom Lloyd

Abstract

“Multi-unit business enterprise” (MuBE), the name coined by Chandler to describe the new business organization that emerged in the mid-19th century, conveyed the MuBE’s complexity, but not its shape. As we have seen, the MuBE inherited its hierarchy from the military. This gave it a triangular shape seen in elevation and a concentric ground-plan. By concentric I mean that, unlike the other corporate forms it eventually vanquished in the 20th century, and by which it is challenged in the 21st century (see Chapter 7), it had a unique center around which other parts are organized, and to the purposes of which all other parts are subordinated.

Suggested Citation

  • Tom Lloyd, 2010. "The decadent corporation," Palgrave Macmillan Books, in: Business at a Crossroads, chapter 4, pages 69-87, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-25098-7_5
    DOI: 10.1057/9780230250987_5
    as

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