To what extent can Chandlers model of large-scale, integrated Essay

To what extent git Chandlers model of large-scale, integrated managerial enterprise explain the long-term competitiveness of leading economies - Essay exemplificationExpressing my opinion, this model has not been followed entirely by all the leading economies in the world.To be discussed in the show is a brief explanation of Chandlers theory of large scale managerial enterprise its applications and bottlenecks. I will provide justification of my opinion by development the enterprise system in lacquer and China with a focus on the role externalities such as the availability of funds, role of the presidency as well as business networks and groups. With these, examples this paper will explain the theories of capitalism and entrepreneurship and how they have enabled those using the system gain competitive advantage.Chandlers concept of the visible hand premises the origin of the libertine and its growth prospects. He argues that the existence of the firm is fundamentally to achiev e coordination in an effective manner than the foodstuff in order to enjoy productivity gains. When the gains are easily realized, economies of scale set in.The model has unique(predicate) problems associated with it. First, a managerially controlled firm is non-maximiser and thus high profit rates are not as object lens and thus cannot be used to measure competitive advantage. Second, the firm though being an efficient address minimiser, the benefits are not observable since they are being absorbed by high executive salaries and managerial perquisites.According to Chandler (1997, p14) managerial enterprise is defined as the modern enterprise with numerous operating units carrying away specific functions of production and distribution. It can also be termed as governance structure where investment decisions for menstruum and future activities are made following management hierarchy with expertise and knowledge. All the managers are aerated with the responsibility of efficient management of the organizations and they are salaried managers answerable to the board of governors. The large scale