In a pioneering work, Jeffrey Fear overturns the dominant
understanding of German management as "backward" relative to the
U.S. and uncovers an autonomous and sophisticated German managerial
tradition. Beginning with founder August Thyssen--the Andrew
Carnegie of Germany--Fear traces the evolution of management inside
the Thyssen-Konzern and the Vereinigte Stahlwerke (United Steel
Works) between 1871 and 1934.
Fear focuses on the organization and internal dynamics of the
company. He demonstrates that initiatives often flowed from middle
managers, rather than from the top down. Shattering stereotypes of
the overly bureaucratic and rigid German firm, Fear portrays a
decentralized and flexible system that underscores the dynamic and
entrepreneurial nature of German business. He fundamentally revises
the scholarship on Alexander Gerschenkron and Germany's Sonderweg,
and critiques Max Weber's concept of the corporation and capital
accounting. He develops a loosely coupled relationship among
enterprise strategy, organization, the structure of responsibility,
and its accounting system, which links information, knowledge, and
power inside the firm. This method of organizing control is central
to understanding corporate governance.
Original and provocative, this work will generate much debate
among historians, organizational theorists, and management and
accounting scholars.
General
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