Managerial Revolution.

Today it is difficult to believe that the economic system was not always based on capitalist principles, because even in the era of the Soviet Union's economic governance traced some of its features.For example, so-called "managers" exercising control over the work of state-owned enterprises can be compared with the top managers, are now managed by corporations.It contributed to the formation of the upper-level managers as a special class of society just managerial revolution, who came to the industrial era of great discoveries.

However, it should be noted that when referring to the term "managerial revolution", it should be borne in mind not only the events that marked the emergence of top management, but also a number of other events that have influenced the formation of modern management.In fact, these recent events correct to refer to as the fifth managerial revolution, but to simplify the terminology, sometimes the word "fifth" is omitted.

draw a small excursion into history and see how is becoming a management class, and what existed managerial revolution in management.As a result of the first revolution first appeared writing, and thus began to be documented economic transactions, which allowed to carry out their analysis and accounting.The second revolution is also attributable to the ancient times before our era, it gave birth to the first set of laws regulating commercial relations, giving them consistency, and thus simplify the decision making process.

Third Revolution strengthened role of the state in control.As a result, there were institutions engaged in planning and management, and it can be considered a breakthrough humanity towards a single economic system.After that, a long time nothing happened, and the fourth revolution came to us with the end of the Middle Ages and the heyday of capitalism.As a result, it has blossomed entrepreneurial class, which became the core of the economy, as well as the source of all its achievements and problems.In those days, the entrepreneurs took their own management decisions.

However, as predicted by the economists of the time, such as Smith, a long time so could not continue, so the fifth managerial revolution was not so much a revolution but an evolutionary development of the already established economic system.As a result, it was formed, as already mentioned, a class of professional managers.

Thanks to this, entrepreneurs were able to resign enterprise management, ceased altogether to play a significant role in its development.Thus, capitalism moved to the stage when the role of the owner ceased to be weighty importance in economic processes.Today, if the owner is completely excluded from the economic system, while retaining the other sources of financing, the economic model does not suffer.

some progress in this direction are already taking place, today the financial institutions play a major role in the management, since their decisions largely determine the fate of the company and the direction of its development, and the company takes the form of a self-governing structure.Whereas previously the income of the owner is a top priority, but today such a profit, regardless of the method of its distribution.

Thus, the fifth managerial revolution significantly changed the world, despite the fact that the formal economic system has not changed, we are still talking about capitalism, in fact, its essence has been subjected to major changes.