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What does managerialism mean?

Looking for the meaning or definition of the word managerialism? Here's what it means.

Noun
  1. The ideological principle that societies are equivalent to the sum of the transactions made by the managements of organizations.
  2. The fact or discipline of running things according to managerial techniques.
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Examples
But his personal asceticism and disdain for the managerialism of modern politics brought its own difficulties.
Later, he used morality on the international stage to dress up a government bogged down in managerialism and public-sector reform.
In the 1990s, however, as managerialism began to dominate the university, translucence and opaqueness replaced transparency.
During the 1980s a new species of managerialism moved into companies and into research management.
It is characterised by an inherent and limiting managerialism.
In the context of higher education, the Jarrett Report provided a boost to the introduction of managerialism.

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