Working Paper, October, 2012
Alfred Chandler’s work is of cardinal importance in understanding the emergence and growth of business corporations. Its central thesis can be summarized as follows : management follows structure, structure follows strategy, and strategy follows the dynamics of technology and markets. In a word, technology and markets, more than any other factor, shape a firm’s methods of managing. My research will attempt prove that, though the structure of a business enterprise can be conceived as a response to a given stage of technology and of market expansion, management cannot.