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Alfred Chandler,the Noted Business Historian,indicated That "The Administrative Load of the Senior

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Alfred Chandler,the noted business historian,indicated that "the administrative load of the senior executives increased to such an extent that they were unable to handle their entrepreneurial responsibilities efficiently." He was speaking of the:


Definitions:

Meritocracy

A societal system where advancement in society is based on an individual's capabilities and merit rather than on family, wealth, or social class.

Discrimination

Discriminatory behavior that unfavorably targets people belonging to distinct categories, mainly due to their racial background, age, gender, or physical limitations.

Gender Biased

Indicates a preconceived preference or prejudice toward one gender over the other, often resulting in unequal treatment.

Caste System

A traditional form of social stratification based on hereditary status, often associated with Hindu society in India, that dictates social positions and occupations.

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