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Corporate Management in a Knowledge-Based Economy (Hardcover)
Loot Price: R2,946
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Corporate Management in a Knowledge-Based Economy (Hardcover)
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Corporate Management in a Knowledge-Based Economy traces the
evolution of corporate governance over time, with a particular
focus on the changing nature of power. The control of scarce
resources used in production materials, labour and capital has
evolved considerably over the past centuries, with government,
landowners, non-owner managers, and institutional investors acting
as controlling powers at different points in time. In order to
appropriately protect the various, and changing, stakeholders, the
system of corporate governance has also developed over the years a
process that continues to the present. In today's knowledge-based
economy, with the rising importance of intangible assets, a new
corporate management paradigm is needed. This book incorporates
theoretical work as well as practical applications to analyse these
developments and explore emerging trends of the 21st century. It
examines how the pursuit of profit maximization has resulted in
governance failures and it focuses on the prospective role of
business ethics (once again in the spotlight following the credit
crisis) in helping reform flawed governance structures. It argues
that, in the long term, a system based on ethics can maximize
social responsibility, customer satisfaction, human capital
development and economic targets.
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