Question

For business students... Explain oligarchic management?

Answer 1

Oligarchy we mean control by few. Company may be owned by large number of persons but only a few of them attain position and power to exploit the large body of shareholders and turn the company into a vested interest of their own.

Directors, their henchmen and the top executives are likely to abuse their powers, manipulate the finances, deceive the shareholders, pressurise the labourers and swindle the consumers. The management may use the company to grind its own axe at the cost of shareholders in particular and of the community of consumers, workers etc., in general.