Aberrant Capitalism
The Decay and Revival of Customer Capitalism
Seiten
2024
Cambridge University Press (Verlag)
978-1-009-34882-9 (ISBN)
Cambridge University Press (Verlag)
978-1-009-34882-9 (ISBN)
The corporation was a timely emergent phenomenon of the capitalist system. However, with various transitions, capitalism's reputation has become tarnished and its purpose distorted. This Element ends with the promise of another emergent era, via the corporations of the digital age.
The corporation was a timely emergent phenomenon of the capitalist system. Under entrepreneurial ownership with customer value creation goals, corporations introduced new products and services, new capital structures and new management processes capable of improving customer experiences in every facet of their lives. After entrepreneurship, the organizational model transitioned to managerial capitalism, and from there into command-and-control and central planning. Then came further transition into the era of financialization, where shareholder value replaced customer value as the purpose of the corporation. Managers diverted resources to their own enrichment as well as that of shareholders, at the expense of investment in future innovation. Capitalism's reputation has become tarnished and its purpose distorted. This Element ends with the promise of another emergent era, via the corporations of the digital age.
The corporation was a timely emergent phenomenon of the capitalist system. Under entrepreneurial ownership with customer value creation goals, corporations introduced new products and services, new capital structures and new management processes capable of improving customer experiences in every facet of their lives. After entrepreneurship, the organizational model transitioned to managerial capitalism, and from there into command-and-control and central planning. Then came further transition into the era of financialization, where shareholder value replaced customer value as the purpose of the corporation. Managers diverted resources to their own enrichment as well as that of shareholders, at the expense of investment in future innovation. Capitalism's reputation has become tarnished and its purpose distorted. This Element ends with the promise of another emergent era, via the corporations of the digital age.
1. Introduction; 2. Capitalism before corporations; 3. Entrepreneurial ownership: a golden age of corporations; 4. The early twentieth century: one step forward, two steps back; 5. Post war capitalism: the age of control; 6. The age of financialization; 7. Institutionalized control; 8. Reimagination; 9. Conclusion; Epilogue.
| Erscheinungsdatum | 02.03.2024 |
|---|---|
| Reihe/Serie | Elements in Reinventing Capitalism |
| Zusatzinfo | Worked examples or Exercises |
| Verlagsort | Cambridge |
| Sprache | englisch |
| Themenwelt | Wirtschaft ► Betriebswirtschaft / Management ► Logistik / Produktion |
| Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management | |
| Wirtschaft ► Volkswirtschaftslehre | |
| ISBN-10 | 1-009-34882-5 / 1009348825 |
| ISBN-13 | 978-1-009-34882-9 / 9781009348829 |
| Zustand | Neuware |
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Buch | Softcover (2022)
Springer Gabler (Verlag)
CHF 55,95
