Thursday 20 March 2014

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Management Masala J.K.GALBRAITH ON MODERN CORPORATIONS from Anatomy of Power
The modern corporation depends for its effectiveness in producing and selling its product – that is, its ability to win external submission - on the quality of its internal organization, which is to say the extent and depth of the submission of its employees. This is not comprehensively urgent in the bottom ranks of the enterprise; there a sufficient submission can be had by the routine exercise of compensatory power… The position changes markedly as one proceeds to the upper executive ranks. There full subordination to the purposes of the firm is essential. Expression or action in conflict with corporate purpose is unthinkable. No senior executive would presume to suggest that the cigarettes his company manufactures cause cancer, that its automobiles are unsafe, that its pharmaceuticals are medically suspect. Or that some political initiative sought by the company is in conflict with public interest. It is on such internal discipline, no less than the British army in India, that external power depends. High salaries are collected for such submission, …
On 3/20/2014

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