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Markets and managerial discretion: Tooth & Co., 1970-1981

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  • Mark Westcott

Abstract

Studies of business have often sought to explain features of management activity, particularly labour management activity, with reference to the product market conditions faced by managers. This paper argues that a more nuanced understanding of management can be gained by examining both the product and financial market environment. These conditions influence the structuring of management and the development and application of managerial policy. This paper examines the management, particularly the labour management, of one of Australia's leading companies during the twentieth century. Specifically it examines how the product and financial market environment faced by this company in the 1970s influenced the labour management strategies pursued. It shows that particular market conditions will privilege or provide justification for certain types of labour management activity. This is illustrated by examining this company's operation under two distinct sets of market conditions.

Suggested Citation

  • Mark Westcott, 2008. "Markets and managerial discretion: Tooth & Co., 1970-1981," Business History, Taylor & Francis Journals, vol. 50(5), pages 602-618.
  • Handle: RePEc:taf:bushst:v:50:y:2008:i:5:p:602-618
    DOI: 10.1080/00076790802246038
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    Cited by:

    1. Sergey Sinelnikov-Murylev & Alexandr Radygin (ed.), 2018. "Russian Economy in 2017. Trends and Outlooks. In Russian," Books, Gaidar Institute for Economic Policy, edition 1, volume 39, number re39-2017-ru, November.

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