In some of the closely held companies in India the style of management is feudalistic in nature. Is it conducive for the growth of the company? Give your views.
Look at Mitsubishi. Look at Toyota. Look at Toho Picture company. Look at Koei. All those firms follow a VERY strict "Zaibatsu (feudalistic)" management system and are doing quite well I would say. Zaibatsu management style orients itself towards employees who display 95 percent work / technical skills and 5 percent showmanship skills.
So if u look at such Zaibatsu styled firms, their functions would highly b centralized and employ dedicated agencies to handle their auxiliary work such as marketing, sales, packaging, ...more