The Corporation in the Twenty-First Century
Why (almost) everything we are told about business is wrong
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The Corporation in the Twenty-First Century
Narrateur(s):
Peter Wicks
Acheter pour 32,00 $
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Narrateur(s):
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Peter Wicks
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Auteur(s):
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John Kay
À propos de cet audio
"Original and thought-provoking... A brilliantly erudite account of the major waves in the theory and practice of management" - The Financial Times
"The doyen of British thinkers on the evolution of business...One of the great attractions of his [work] is that he stands above and apart from conventional political attitudes" - Literary Review
For generations, we have defined a corporation as a business run by a capitalist elite, that uses its accumulated wealth to own the means of production and exercise economic power.
That is no longer the reality. In the twenty-first century, our most desired goods and services aren't stacked in warehouses or on container ships: they appear on your screen, fit in your pocket or occupy your head.
But even as we consume more than ever before, big business faces a crisis of legitimacy. The pharmaceutical industry creates life-saving vaccines but has lost the trust of the public. The widening pay gap between executives and employees is destabilising our societies. Facebook and Google have more customers than any companies in history but are widely reviled.
John Kay, one of the greatest economists of our time, describes how the pursuit of shareholder value has destroyed some of the leading companies of the twentieth century. Incisive and provocative, this book redefines successful commercial activity and leadership, the knowledge economy and what the future of the modern corporation might be.©2024 John Kay (P)2024 Profile Books Ltd
My favorite theme is the focus on the management class and its growing distance from equity holders. The contrast between earlier, more tightly aligned ownership structures and today’s incentive-driven management systems is a recurring and compelling insight throughout the book.
That said, the book can feel somewhat fragmented. The narratives are all relevant and interesting, but they don’t always cohere into a single, tightly bound argument. It feels less like a final synthesis and more like a precursor to a future work—one that may more directly address the consequences of evolving incentive structures in modern finance.
Even so, I found it thought-provoking and worth revisiting. I plan to return to it later to see what new insights emerge, and I’ll definitely be looking out for the author’s next book.
In the right direction and looking forward to next
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