Who has given the concept of "Managerial Revolution"? 

Correct option is A

James Burnham introduced the concept of the "Managerial Revolution" in his 1941 book The Managerial Revolution: What is Happening in the World. Burnham argued that traditional capitalist owners (shareholders) were being replaced in terms of power and control by managers and technocrats in large corporations. According to Burnham, this shift represented a new form of governance in which professional managers, rather than individual owners, held real decision-making power. This concept was influential in understanding the dynamics of power in modern corporations, where control is separated from ownership, and managerial elites dictate organizational and economic directions.
Information Booster:
1. Managerial Revolution: A shift in power from capital-owning shareholders to professional managers within corporations.
2. Separation of Ownership and Control: Burnham argued that while shareholders own companies, real control lies with managers.
3. Role of Technocrats: In Burnham’s view, managers and technocrats have the expertise necessary to run complex organizations, thereby consolidating their power.
4. Impact on Capitalism: Burnham saw the managerial revolution as an evolution within capitalism, leading to a system governed by a managerial elite.
5. Comparison with Marxism: Burnham’s theory diverged from Marxism by focusing on managerial rather than proletarian control of resources.
6. Influence on Organizational Theory: The concept influenced theories on corporate governance and elite power structures within organizations.