Alfred D. Chandler, Jr.: Enterprise

Alfred D. Chandler, Jr. was American historian. Explore interesting quotes on enterprise.
Alfred D. Chandler, Jr.: 28   quotes 0   likes

“Multi-unit business enterprise replaced small traditional enterprise when administrative coordination permitted greater productivity, lower costs, and higher profits than coordination by market mechanisms.”

Alfred D. Chandler, Jr.

Source: The Visible Hand (1977), p. 6.

Business

“Strategy can be defined as the determination of the long-term goals and objectives of an enterprise, and the adoption of courses of action and the allocation of resources necessary for carrying out these goals”

Alfred D. Chandler, Jr.

Chandler (1962) Strategy and Structure. p. 13.

“The market remained the generator of demand for goods and services, but modern business enterprise took over the functions of coordinating flows of goods and services through existing processes of production and distribution, and of allocating funds and personnel for future production and distribution. As modern business enterprise acquired functions hitherto carried out by the market, it became the most powerful institution in the American economy and its managers the most influential group of economic decision makers. The rise of modern business enterprise in the United States, therefore, brought with it managerial capitalism.”

Alfred D. Chandler, Jr.

Source: The Visible Hand (1977), p. 1.

Business , Decision , Future

“In most British enterprises senior executives worked closely in the same office building, located in or near the largest plant, having almost daily personal contact with, and thus directly supervising middle and often lower-level managers. Such enterprises had no need for the detailed organization charts and manuals that had come into common use in large American and German firms before 1914. In these British companies, selection to senior positions and to the board depended as much on personal ties as on managerial competence. The founders and their heirs continued to have a significant influence on top-level decision-making even after their holdings in the enterprise were diminished.”

Alfred D. Chandler, Jr.

Source: The Visible Hand (1977), p. 242.

Decision , Dependency , Personality

“Modern factory management (but not it must be stressed the management of large modern multi-unit enterprises) had the genesis in the United States in the Springfield Armory.”

Alfred D. Chandler, Jr.

Source: The Visible Hand (1977), p. 75; Cited in: Best (1990, p. 32).