Details

Subject(s)

• Capitalism [Browse]

Author

• Denning, Stephen [Browse]

Series

• Cambridge elements. Elements in reinventing capitalism [More in this series]
• Cambridge elements. Elements in reinventing capitalism, 2634-8950 [More in this series]

Summary note

The corporation was a timely emergent phenomenon of the capitalist system. Under entrepreneurial ownership with customer value creation goals, corporations introduced new products and services, new capital structures and new management processes capable of improving customer experiences in every facet of their lives. After entrepreneurship, the organizational model transitioned to managerial capitalism, and from there into command-and-control and central planning. Then came further transition into the era of financialization, where shareholder value replaced customer value as the purpose of the corporation. Managers diverted resources to their own enrichment as well as that of shareholders, at the expense of investment in future innovation. Capitalism's reputation has become tarnished and its purpose distorted. This Element ends with the promise of another emergent era, via the corporations of the digital age.

Notes

Title from publisher's bibliographic system (viewed on 22 Feb 2024).

ISBN

9781009348867 (ebook)

Statement on language in description

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