Aberrant Capitalism: The Decay and Revival of Customer Capitalism (Elements in Reinventing Capitalism)
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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.
Format:Hardcover
Language:English
ISBN:1009478796
ISBN13:9781009478793
Release Date:March 2024
Publisher:Cambridge University Press
Length:96 Pages
Weight:0.66 lbs.
Dimensions:0.3" x 6.0" x 9.0"
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