The Changing Face of Corporate America

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(1987) the history of corporate structure in America is addressed. During the early portion of the century, it was possible for the right person to be promoted from manufacturing into management. In the middle decades of the century, control of large firms fell on sales and marketing personnel. However, in the past 25 years, we have seen another shift, finance people now control large corporations. These changes were brought about by changes in organizational structure, anti-trust laws, and an increase in mergers since the end of World War II (Fligstein, 1987).
According to Fligstein, and organizations grows in three contexts. First, each organization begins with a concept and philosophy that is unique to it. The organization has a prescribed pattern and plan of growth. Each organization must try to attain maximum growth in light of its technology and other limiting factors to its growth. Secondly, the organization must depend on other companies to succeed. This creates ...

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throughout the study and may have been weighted differently during various times during the study. This may have skewed the results. Instead of using the top 100, the study would have more weight had they used the same 100 companies throughout the study.
By comparison, the Davis study examined the 'deinstitutitionalization" of firms in the United States. It too used information on Fortune 500 companies. It had the same problem with data as the Fligstein study as the firms changed hands and mergers and takeovers occurred at a rapid pace during the time. Both studies had difficulty maintaining a control group. A changing sample population makes it difficult to isolate the ...

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