Firm Commitment
-26 %

Firm Commitment

Why the corporation is failing us and how to restore trust in it
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Colin Mayer
403 g
216x133x15 mm

A comprehensive account of the contribution and failings of one of the most important institutions in the world - the corporation. It gives an accessible and insightful analysis of why the problems of the corporation - financial crises, mismanagement, poverty, and pollution - are increasing and what can be done to address them.
Preface; Introduction; Part I: How the Corporation is Failing Us; 1 In the Beginning; 2 Morals and Markets; 3 Reputation; 4 Regulation; Part II: Why It Is Happening; 5 Evolving Enterprises; 6 Bought and Closed; 7 Capital and Commitment; Part III: What We Should Do About It; 8 Value and Values; 9 Governance and Government; 10 Without End; Appendix: References and Further Readings
The corporation is one of the most important and remarkable institutions in the world. It affects all our lives continuously. It feeds, entertains, houses and, employs us. It generates vast amounts of revenue for those who own it and it invests a substantial proportion of the wealth that we possess. But the corporation is also the cause of immense problems and suffering, a source of poverty and pollution, and its failures are increasing. How is the corporationfailing us? Why is it happening? What should we do to restore trust in it? While governments are subject to repeated questioning and scrutiny, the corporation receives relatively little attention.

Firm Commitment provides a lucid and insightful account of the role of the corporation in modern society and explains why its problems are growing. It gives a fresh perspective on the crises in financial markets, developing countries, and the environment. Based on decades of analysis and research, it describes a new approach to thinking about the firm which not only stops it destroying us but turns it into the means of protecting our environment, addressing social problems, and
creating new sources of entrepreneurship and innovation. It sets out an agenda for converting the corporation into a twenty-first century organization that we will value and trust. It takes you on a journey that starts in the Galapagos, ends in Ancient Egypt, and in the process brings you to a new level of
appreciation of the economic world we inhabit.