The Visible Hand¶
Chandler, A. D. (1977). The Visible Hand: The Managerial Revolution in American Business. Belknap Press.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Economies of Scale
- In retail and wholesale, economies of scale drive the rise of category-killer chains and big-box formats — shared distribution centers, national purchasing leverage, centralized IT platforms, branded advertising amortized over thousands of outlets, all part of what Chandler (1977) traced as the rise of managerial-hierarchy enterprises whose throughput economies depended on centralized coordination.
This sourceArgues that scale- and throughput-driven managerial corporate hierarchies emerged in late-19th-century U.S. transportation, communications, and manufacturing, replacing market coordination with administrative coordination.
- In retail and wholesale, economies of scale drive the rise of category-killer chains and big-box formats — shared distribution centers, national purchasing leverage, centralized IT platforms, branded advertising amortized over thousands of outlets, all part of what Chandler (1977) traced as the rise of managerial-hierarchy enterprises whose throughput economies depended on centralized coordination.
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