Technostructure

Technostructure is a term coined by the economist John Kenneth Galbraith in "The New Industrial State" (1967) to describe the group of technicians within an enterprise (or an administrative body) with considerable influence and control on its economy. It usually refers to managerial capitalism where the managers and other company leading administrators, scientists or lawyers detain more power and influence than the shareholders in the decisional and directional process.

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