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Corporations in Evolving Diversity - Cognition, Governance, and Institutions (Hardcover)
Loot Price: R2,099
Discovery Miles 20 990
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Corporations in Evolving Diversity - Cognition, Governance, and Institutions (Hardcover)
Series: Clarendon Lectures in Management Studies
Expected to ship within 10 - 15 working days
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The 2008-9 financial crisis demands we look anew at the role of
corporations, and the working of financial markets around the
world. In this challenging and insightful book, one of our most
eminent economists provides a compelling new analysis of the
corporate firm; the role of shareholders, managers and workers; and
institutional governance structures.
In recent decades the firm has predominantly been seen as an
organization run and governed in the interests of shareholders,
where management act as the agent of shareholders, and the workers
simply as instruments for share-value maximization. This book
reverses this viewpoint. It sees corporations as associational
cognitive systems where "cognitive actions" are distributed amongst
managers and workers, with shareholders supplying "cognitive tools"
and monitoring their use in the systems. Aoki analyses the
different relationships that can exist between shareholders,
managers, and workers from this perspective, and identifies a range
of different models of organizational architecture and associated
governance structures. He also discusses ways in which corporations
act as players in social, political, and organizational games, as
well as global economic games; how these inter-related social
dynamics may change particular, distinctive national structures
into the diversity incorporated in the global corporate landscape;
and how they now call for new roles for financial markets.
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