Going to start you off with Wikipedia:

https://en.wikipedia.org/wiki/Managerialism

If you've ever heard of "publish or perish", than you've heard of the main outcome of managerialism applied to academia and research. There are many critiques, I won't mention them all. And if you hate bureaucracy, filling out all those endless forms as if your job is to fill out forms, that's because of managerialism. You're writing the inputs for that system to work. That goes for the healthcare system too, and for many others.

What we have put forward in this speaking out essay, is, that in its attempt to counter the apocalyp- tical pictured neoliberal competition, the management of a typical university is responding in a Derridean self-harming reflex of power. The university risks turning itself into a mere corporate factory of publications and diplomas, in which quantity is mistaken for quality and control for freedom, thereby derailing itself further and further from its societal function and orientation. By mimicking a hypercompetition inside the organization in order to adapt to the imaginary of a sur- vival-threatening hypercompetition, the modern university has been turning the competition against itself, resulting in a vicious suicidal circle of repression (Derrida, 2003: 100). Worryingly and sadly, the university, that self-declared bastion of autonomous, free, and critical thinking, has been transforming itself more and more into a remarkably oppressive and straitened bureaucratic organization (McCann et al., 2020). https://dspace.library.uu.nl/bitstream/handle/1874/427450/1350508420975347.pdf?sequence=1 (PDF)

Managerialism is the "capitalist organization science". https://en.wikipedia.org/wiki/Scientific_management

As managerialism changes the operating paradigm from producing scientific knowledge to "scoring points", there are long-term consequences that lead to the failure of the system. If you don't get the importance of a paradigm shift, read Donella Meadows.