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Whereas previous research concentrated on articulating what global strategies look like in large multinational companies with decades of experience in operations abroad, The Leap to Globalization focuses on how globalizing is realized over time in companies that start from a narrow geographic base. Three characteristics differentiate globalizing as observed in current practice from simple international expansion. First, globalization implies a redefinition of customer value; second, globalizing is an entrepreneurial process that transforms the company; and third, speed plays an essential role in globalization.
Korine reframes the question of succession in family and
founder-lead businesses as an issue of entrepreneurial choice,
concentrating on the challenge of succession for change as opposed
to the traditional focus on succession for continuity. It is
inevitable that when the leaders of family and founder-lead
businesses look to pass on the mantle they naturally want to
preserve and maintain the firm they have worked so hard for so long
to build up. The shaping influence of family or founder, and the
instinctive emotional desire for legacy easily sways succession
towards continuity rather than the possibly radical development the
business may need to meet new challenges. Succession for Change
shows how competitive advantage has evolved over the last
twenty-five years and examines the approaches being adopted by
current business leaders, succession service providers and the next
generation to address the change imperative in succession. Korine's
rigorous research and deeply practical approach shows that when
change becomes the focus of succession, and developing
entrepreneurial values takes precedence over preserving the status
quo, succession planning can ensure that firms not only survive the
departure of their founders but thrive long after they have gone.
He offers a framework for implementing succession as
transformation, and rethinking succession governance. The secret is
enabling the next generation of leaders to stand on the shoulders
of giants rather than be constantly doomed to stand in the shadow
of giants.
What legitimizes power within a corporation? This question is of
concern to the millions of citizens whose lives depend upon the
fate of business corporations. The rules, institutions and
practices of corporate governance define the limits of the power to
direct, and determine under what conditions this power is
acceptable. Effective corporate governance has long been defined in
terms of economic performance. More recent studies have focused on
philosophical, political and historical analyses. Entrepreneurs and
Democracy unites these strands of inquiry - the legitimacy of
power, the evolution of multiple forms of governance and the
economics of performance - and proposes a framework for future
study. It explores the opposing tensions of entrepreneurial force
and social fragmentation that form the basis of legitimate
corporate governance in modern societies. In doing so, it
identifies a common logic that links both the democratization of
corporate governance and the growth of economic performance.
The family firm preparing generational change, the partnership that
welcomes new partners, and the shareholders of a firm that chooses
to go public are making decisions that will have an impact on
strategy and management. Conversely, a change in strategy such as a
move to diversify or a decision to take on more risk in a business
can make the firm more attractive to some shareholders and less
attractive to others and is therefore not ownership neutral.
Opening the black box of agency theory, Korine and Gomez show how
management and ownership interact to shape the strategy of the
firm. In their view, the critical question to ask is not what is
the best strategy, but rather, who is the strategy for? With
numerous detailed examples, Strong Managers, Strong Owners is an
invaluable resource for company owners, board members and
executives, as well as their advisors in strategy and governance.
What legitimizes power within a corporation? This question is of
concern to the millions of citizens whose lives depend upon the
fate of business corporations. The rules, institutions and
practices of corporate governance define the limits of the power to
direct, and determine under what conditions this power is
acceptable. Effective corporate governance has long been defined in
terms of economic performance. More recent studies have focused on
philosophical, political and historical analyses. Entrepreneurs and
Democracy unites these strands of inquiry - the legitimacy of
power, the evolution of multiple forms of governance and the
economics of performance - and proposes a framework for future
study. It explores the opposing tensions of entrepreneurial force
and social fragmentation that form the basis of legitimate
corporate governance in modern societies. In doing so, it
identifies a common logic that links both the democratization of
corporate governance and the growth of economic performance.
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