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Books > Business & Economics > Business & management > Business strategy
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Business Groups in the West - Origins, Evolution, and Resilience (Hardcover)
Loot Price: R4,225
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Business Groups in the West - Origins, Evolution, and Resilience (Hardcover)
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This volume aims to explore the long-term evolution of different
varieties of large enterprises in today's developed economies. It
focuses on the economic institution of business groups and attempts
to comprehend the factors behind their rise, growth, struggle, and
resilience; their behavioral and organizational characteristics;
and their roles in national economic development. The volume seeks
to enhance the scholarly and policy-oriented understanding of
business groups in developed economies by bringing together
state-of-the-art research on the characteristics and contributions
of large enterprises in an evolutionary perspective. While business
groups are a dominant and critical organization model in
contemporary emerging economies and have lately attracted much
attention in academic circles and business presses, their
counterparts in developed economies have not been systematically
examined. This book aims to fill this gap in the literature and is
the first scholarly attempt to explore the evolutional paths and
contemporary roles of business groups in developed economies from
an internationally comparative perspective. In doing so, it argues
that business groups actually rose to function as a critical factor
of industrial dynamics in the context of Second Industrial
Revolution in the late nineteenth century. They have adapted their
characteristic roles and transformed to fit to the changing market
and institutional settings. As they flexibly co-evolve with the
environment, the volume shows that business groups can remain as a
viable organization model in the world's most advanced economies
today.
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