The Corporation in the Twenty-First Century
Why (almost) everything we are told about business is wrong
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Seslendiren:
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Peter Wicks
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Yazan:
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John Kay
"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
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I can't help feeling that it's already a little out of date with the rise of AI, though. If the core idea here is that a corporation's core value is the sum of the knowledge, skills, experience, and relationships of its people, then what happens with GenAI offers more rapid access to that knowledge, and AI Agents break down the need for some current human-led business relationships? Is AI a sufficient substitute? Can it create value - or is the implication of Kay's analysis of the corporation that it can only destroy it?
The narrator mostly does a good job, bar some strange pronunciation choices - for instance opting for the Swedish way of saying IKEA when everything else is British is a bit jarring.
Very good introduction / overview to how business works
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I found it a series ok relatively interesting titbits
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Rather disappointed. Three hours of excellence wrapped in ten hours of circumlocution.
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book of the year so far
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complex ideas made easy to follow
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