Corporate Form and Career Patterns: The People of The Manhattan Company

In these new business bureaucracies, as in other administrative hierarchies requiring specialized skills, selection and promotion became increasingly based on training, experience, and performance rather than on family relationship or money. With the coming of modern business enterprise, the businessman, for the first time, could conceive of a lifetime career involving a climb up the hierarchical ladder. In such enterprises, managerial training became increasingly longer and more formalized. ¹