Business Groups in the West
Origins, Evolution, and Resilience
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Product details:
- Publisher OUP Oxford
- Date of Publication 22 February 2018
- ISBN 9780198717973
- Binding Hardback
- No. of pages586 pages
- Size 252x178x38 mm
- Weight 1186 g
- Language English 0
Categories
Short description:
This volume aims to explore the evolution of large enterprises in today's developed economies in the West. It focuses on the economic institution of the business group and understanding the factors behind its rise, growth, resilience, and/or fall; its behavioural and organizational characteristics; and its contributions to economic development.
MoreLong description:
This volume aims to explore the long-term evolution of different varieties of large enterprises in today's developed economies. It focuses on the economic institution of business groups and attempts to comprehend the factors behind their rise, growth, struggle, and resilience; their behavioral and organizational characteristics; and their roles in national economic development. The volume seeks to enhance the scholarly and policy-oriented understanding of business groups in developed economies by bringing together state-of-the-art research on the characteristics and contributions of large enterprises in an evolutionary perspective.
While business groups are a dominant and critical organization model in contemporary emerging economies and have lately attracted much attention in academic circles and business presses, their counterparts in developed economies have not been systematically examined. This book aims to fill this gap in the literature and is the first scholarly attempt to explore the evolutional paths and contemporary roles of business groups in developed economies from an internationally comparative perspective. In doing so, it argues that business groups actually rose to function as a critical factor of industrial dynamics in the context of Second Industrial Revolution in the late nineteenth century. They have adapted their characteristic roles and transformed to fit to the changing market and institutional settings. As they flexibly co-evolve with the environment, the volume shows that business groups can remain as a viable organization model in the world's most advanced economies today.
This is exciting original research from 12 modern Western nations, documenting the co-evolution of business groups with their ambient institutional contexts. The work makes clear that we should not think of business groups as anachronisms of the process of economic development, rather they both react to and shape the surrounding context, and therefore are likely very persistent organizational forms. This volume is of great value to scholars and policymakers alike.
Table of Contents:
Part I. Concepts and Arguments
Introduction: Business Groups Re-examined
The Evolutionary Dynamics of Diversified Business Groups in the West: History and Theory
Politics, Institutions, and Diversified Business Groups: Comparisons Across Developed Countries
Business Groups as Networks
Part II: National Experiences of Business Groups
Group 1. Historical Frontrunners in Europe
Britain: Global Legacy and Domestic Persistence
Belgium: The Disappearance of Large Diversified Business Groups
The Netherlands: The Overlooked Variety of Big Business
Germany: An Engine of Modern Economic Growth
France: A Complement to Multidivisional Enterprises
Group 2. Catch-up Nations in Europe
Sweden: Tradition And Renewal
Italy: Enduring Logic and Pervasive Diffusion
Spain: Regulation and Ideology as Drivers for Transformation
Portugal: Changing Environment and Flexible Adaptation
Group 3. Western Offshoots
The United States in Historical Perspectives: The Strange Career of Business Groups in Industrial Development
The United States in Contemporary Perspectives: Evolving Forms, Strategy and Performance
Australia: From Family Networks to Boom and Bust Groups
Canada: The Rise and Fall and Rise and Fall Again
