Ann M. Carlos, Giants Of An Earlier Capitalism

Question 1

The growth of a managerial hierarchy, necessitated by a large volume of transactions and of systems to control those managers across space and time

Answer 1

The growth of a managerial hierarchy, necessitated by a large volume of transactions and of systems to control those managers across space and time

Question 2

List three trading companies which resemble today’s multinational corporations

Answer 2

English and Dutch East India companies

Hudson Bay company

Royal African company

• all of these enterprises traded goods and services across national boundaries and had a geographical reach matching today’s multinational firms

Question 3

Discuss Mira Wilkins perspective

Answer 3

Wilkins argued that the growth of communications and transport facilities made it possible (for the first time in history) to extend the span of managerial control substantial distances
However,
Wilkins believed the early trading companies fail to meet the criteria for the modern multinational because the volume of transactions was not great enough