Correct spelling for the English word "managerialism" is [mˌanɐd͡ʒˈi͡əɹɪəlˌɪzəm], [mˌanɐdʒˈiəɹɪəlˌɪzəm], [m_ˌa_n_ɐ_dʒ_ˈiə_ɹ_ɪ__ə_l_ˌɪ_z_ə_m] (IPA phonetic alphabet).
Managerialism is a term used to describe a managerial ideology or approach within organizations, where managers hold significant power and influence over decision-making, often at the expense of other stakeholders. It refers to the excessive focus on management as the primary driver of organizational success, often overlooking other important factors such as employee empowerment, collaboration, and innovation.
This ideology places a strong emphasis on control, efficiency, and rationality, with managers being seen as the key drivers of organizational performance. They are expected to have a superior level of expertise, knowledge, and skills, and are entrusted with the responsibility of creating and implementing strategies to achieve organizational goals.
Managerialism tends to prioritize managerial decision-making processes and structures over democratic or participative approaches. It often values quantifiable results and short-term financial gains, which may lead to a neglect of long-term sustainability and the well-being of employees or other stakeholders.
Furthermore, managerialism can contribute to a hierarchical and top-down organizational structure, where decision-making authority is concentrated at the top. This may result in limited input and engagement from lower-level employees, stifling their creativity and potential contributions to the organization.
Critics argue that excessive managerialism can lead to a lack of accountability and transparency, as well as reduced autonomy and job satisfaction for employees. It can also perpetuate inequalities and power imbalances within organizations, as managers hold the reins of authority.
The term "managerialism" is derived from the word "manager", which itself comes from the Latin word "manus", meaning "hand", and the Old English word "gerere", meaning "to carry on". Managerialism refers to the ideology, managerial style or system that emphasizes control, efficiency, and rationality in the management and administration of organizations. It emerged in the mid-20th century as a response to the complex challenges of industrialization and growth in corporate organizations. The suffix "ism" is added to indicate the belief system or ideology associated with the practice of management.