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Family Dynasties - The Evolution of Global Business in Scandinavia (Paperback)
Loot Price: R1,200
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Family Dynasties - The Evolution of Global Business in Scandinavia (Paperback)
Series: Routledge International Studies in Business History
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A remarkable fifteen Nordic family businesses are among the 500
biggest companies in the world and the Nordic countries have more
dynasties than most others per capita and in GDP terms. The
willingness, often reluctant, of both the political system and
labour movement to accept asset accumulation has helped these
Nordic businesses survive. The top 1% of Swedes own close to 25% of
the country's wealth, as opposed to 16.5% of Spaniards, where
dynasties are also abundant. The pattern has held a firm grip on
the Nordic countries since the Industrial Revolution and emergence
of free enterprise. The trend is particularly pronounced in
comparison with the Anglo-Saxon countries - somewhat less so
relative to places like Italy, Japan, Germany and South-Asian
countries. This book describes the factors and dynamics behind the
ability of Nordic businesses to grow and thrive from one generation
to the next in the process of becoming dynasties. Far from being
commercial enterprises, they are a venue for power, philanthropy,
passion, conflict, freedom and captivity. Like many other
dynasties, the Nordic ones are a witch's brew of Machiavelli's
Prince, Marx's belief in the potential of the meritocracy and
Smith's baker who works to sustain his family. Topped by a spoonful
of Weber's Protestant Ethic. This book will be key readings for
students and scholars of entrepreneurship, corporate governance,
business history, Scandinavian history, family business and
enterprises and the related disciplines.
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