I am now inclined, however, to extend my reasoning even
further in this direction. The development and persistence
of oligopolistic market structures over a long time
can not have been without effect on the internal structure
organisation and management of the concerns. Partly this
concerns size, and its consequences. Partly it is a matter
the
of^aims and preoccupations of the management. From being
concerned with production and sales their interest has
shifted more and more to the concern with market power
and domination.
Owing to their size the concerns are burocratic and
hierarchically organised. This has been a handicap for
research and development because projects have to run
through committees and become the object of departmental
rivalries. The large concerns have been loosing research
personel to smaller firms because the research workers
dislike the hierarchies and the burocracy. It has been
one of the lasting effects of the high employment period
that the human factor has gained more weight in industry.
The large concerns are invariably accused of inflexibility
( for example in connection with the shift to smaller cars
in U.S. ). The type$of manager which came to dominate
in these concerns in the U.S. in the post-war decades
are described as burocratic and adjusted to dealing with
"big government" and large unions. (Business Week :The new
managerial elite. Jan. 1985 ).
The interest in market dominance and power which is mainly
operated by mergers and take-overs has led to a shift from
popduction to finance ( from a production point of view
the mergers are rarely a success according to the views
of experienced managers ). Some large concerns ( you can