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What is Railroads: Foundations of Modern Management about?

Railroads revolutionized management practices in the late 19th century. They required complex coordination across large networks, leading to developments like formal organization structures, quantitative performance tracking, and centralized control separated from ownership. Figures like McCallum, Perkins, and Fink introduced modern practices at railroads like the Erie and Burlington routes. They established hierarchies, divisions of labor, and cost accounting. Competition transitioned from small individual

Author

Miguel

Language

EN