Management accounting as disciplinary practice in ITT

What is it about?

The paper uses Foucault's work on disciplinary practices to examine how Geneen exercised control in ITT. His methods bore semblance to the panoptical controls described by Foucault but resistance and changing fashions in capital markets led his demise.

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Why is it important?

The paper provides a contemporary illustration of how disciplinary practices can be exercised through accounting controls. The practices were consistent with the work of Foucault but the latter was insufficient to explain subsequent changes. The paper suggests how the incorporation of other theories might redress this.