Students of management are nearly unanimous (as are managers
themselves) in believing that the contemporary business corporation
is in a period of dizzying change. This book represents the first
time that leading experts in sociology, law, economics, and
management studies have been assembled in one volume to explain the
varying ways in which contemporary businesses are transforming
themselves to respond to globalization, new technologies, workforce
transformation, and legal change. Together their essays, whose
focal point is an emerging network form of organization, bring
order to the chaotic tumble of diagnoses, labels, and descriptions
used to make sense of this changing world.
Following an introduction by the editor, the first three
chapters--by Walter Powell, David Stark, and Eleanor
Westney--report systematically on change in corporate structure,
strategy, and governance in the United States and Western Europe,
East Asia, and the former socialist world. They separate fact from
fiction and established trend from extravagant extrapolation. This
is followed by commentary on them: Reinier Kraakman affirms the
durability of the corporate form; David Bryce and Jitendra Singh
assess organizational change from an evolutionary perspective;
Robert Gibbons considers the logic of relational contracting in
firms; and Charles Tilly probes the deeper historical context in
which firms operate. The result is a revealing portrait of the
challenges that managers face at the dawn of the twenty-first
century and of how the diverse responses to those challenges are
changing the nature of business enterprise throughout the
world.
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