Mitt Romney’s career says a lot about how American business has changed.

We found this article relating Mitt Romney’s career to some major changes in US business over the last fifty years an interesting read. It talks of how Romney’s career was closely aligned with three major changes in corporate america, changes which resonate with corporate life throughout the west:

– the shift in the 1960s and 70s to a meritocracy and the rise of ‘brain intensive’ companies, link The Boston Consulting Group, hiring the smartest graduates they could find. Romney graduated in the top 5% of his class at the Harvard Business School, joined BCG in 1975 and left a couple of years later to join Bain and Company.

– the crumbling of a comfortable corporate world dominated by managers, and a move towards a forced focus on shareholder value, driven by global competition. Bill Bain saw the opportunity and formed Bain Capital, which Romney ran from 1984 to 1999.

– the big move from manufacturing to services, which of course Romney has worked in his whole career.

With capitalism the subject of so much debate and scrutiny at present, Romney’s career and his presence close to the centre of some of these revolutionary changes in corporate life will no doubt be the subject of much discussion during the upcoming election.

Read the original article here.

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