Jens Beckert and Matías Dewey (eds)
- Published in print:
- 2017
- Published Online:
- August 2017
- ISBN:
- 9780198794974
- eISBN:
- 9780191836442
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780198794974.001.0001
- Subject:
- Business and Management, Finance, Accounting, and Banking, International Business
From illegal drugs, stolen artwork, and forged trademarks, to fraud on financial markets—the phenomenon of illegality in market exchanges is pervasive. Illegal markets have great economic ...
More
From illegal drugs, stolen artwork, and forged trademarks, to fraud on financial markets—the phenomenon of illegality in market exchanges is pervasive. Illegal markets have great economic significance, have relevant social and political consequences, and shape economic and political structures. Despite the importance of illegality in the economy, the field of economic sociology unquestioningly accepts the premise that the institutional structures and exchanges taking place in markets are law-abiding in nature. This volume seeks to challenge this. Questions that stand at the center of the chapters are: What are the interfaces between legal and illegal markets? How do demand and supply in illegal markets interact? What role do criminal organizations play in illegal markets? What is the relationship between illegality and governments? Is illegality a phenomenon central to capitalism? Anchored in economic sociology, this book contributes to the analysis and understanding of market exchanges in conditions of illegality from a perspective that focuses on the social organization of markets. Offering both theoretical reflections and case studies, the chapters assembled in the volume address the consequences of the illegal production, distribution, and consumption of products for the architecture of markets. It also focuses on the underlying causes and the political and social concerns stemming from the infringement of the law. This book provides insights into the trades in diamonds and counterfeit clothing, rhino horn and human organs, alcohol and doping products, marihuana and smuggled goods, stolen antiquities and personal information, and illegal practices in finance and price setting.Less
From illegal drugs, stolen artwork, and forged trademarks, to fraud on financial markets—the phenomenon of illegality in market exchanges is pervasive. Illegal markets have great economic significance, have relevant social and political consequences, and shape economic and political structures. Despite the importance of illegality in the economy, the field of economic sociology unquestioningly accepts the premise that the institutional structures and exchanges taking place in markets are law-abiding in nature. This volume seeks to challenge this. Questions that stand at the center of the chapters are: What are the interfaces between legal and illegal markets? How do demand and supply in illegal markets interact? What role do criminal organizations play in illegal markets? What is the relationship between illegality and governments? Is illegality a phenomenon central to capitalism? Anchored in economic sociology, this book contributes to the analysis and understanding of market exchanges in conditions of illegality from a perspective that focuses on the social organization of markets. Offering both theoretical reflections and case studies, the chapters assembled in the volume address the consequences of the illegal production, distribution, and consumption of products for the architecture of markets. It also focuses on the underlying causes and the political and social concerns stemming from the infringement of the law. This book provides insights into the trades in diamonds and counterfeit clothing, rhino horn and human organs, alcohol and doping products, marihuana and smuggled goods, stolen antiquities and personal information, and illegal practices in finance and price setting.
Joe Carlen
- Published in print:
- 2016
- Published Online:
- September 2017
- ISBN:
- 9780231173049
- eISBN:
- 9780231542814
- Item type:
- book
- Publisher:
- Columbia University Press
- DOI:
- 10.7312/columbia/9780231173049.001.0001
- Subject:
- Business and Management, Business History
A Brief History of Entrepreneurship charts how the pursuit of profit by private individuals has been a prime mover in revolutionizing civilization. Entrepreneurs often butt up against processes, ...
More
A Brief History of Entrepreneurship charts how the pursuit of profit by private individuals has been a prime mover in revolutionizing civilization. Entrepreneurs often butt up against processes, technologies, social conventions, and even laws. So they circumvent, innovate, and violate to obtain what they want. This creative destruction has brought about overland and overseas trade, colonization, and a host of revolutionary technologies—from caffeinated beverages to the personal computer—that have transformed society. Consulting rich archival sources, including some that have never before been translated, Carlen maps the course of human history through nine episodes when entrepreneurship reshaped our world. Highlighting the most colorful characters of each era, he discusses Mesopotamian merchants’ creation of the urban market economy; Phoenician merchant-sailors intercontinental trade, which came to connect Africa, Asia, and Europe; Chinese tea traders’ invention of paper money; the colonization of the Americas; and the current “flattening” of the world’s economic playing field. Yet the pursuit of profit hasn’t always moved us forward. From slavery to organized crime, Carlen explores how entrepreneurship can sometimes work at the expense of others. He also discusses the new entrepreneurs who, through the nascent space tourism industry, are leading humanity to a multiplanetary future. By exploring all sides of this legacy, Carlen brings much-needed detail to the role of entrepreneurship in revolutionizing civilization.Less
A Brief History of Entrepreneurship charts how the pursuit of profit by private individuals has been a prime mover in revolutionizing civilization. Entrepreneurs often butt up against processes, technologies, social conventions, and even laws. So they circumvent, innovate, and violate to obtain what they want. This creative destruction has brought about overland and overseas trade, colonization, and a host of revolutionary technologies—from caffeinated beverages to the personal computer—that have transformed society. Consulting rich archival sources, including some that have never before been translated, Carlen maps the course of human history through nine episodes when entrepreneurship reshaped our world. Highlighting the most colorful characters of each era, he discusses Mesopotamian merchants’ creation of the urban market economy; Phoenician merchant-sailors intercontinental trade, which came to connect Africa, Asia, and Europe; Chinese tea traders’ invention of paper money; the colonization of the Americas; and the current “flattening” of the world’s economic playing field. Yet the pursuit of profit hasn’t always moved us forward. From slavery to organized crime, Carlen explores how entrepreneurship can sometimes work at the expense of others. He also discusses the new entrepreneurs who, through the nascent space tourism industry, are leading humanity to a multiplanetary future. By exploring all sides of this legacy, Carlen brings much-needed detail to the role of entrepreneurship in revolutionizing civilization.
Georgia Levenson Keohane
- Published in print:
- 2016
- Published Online:
- September 2017
- ISBN:
- 9780231178020
- eISBN:
- 9780231541664
- Item type:
- book
- Publisher:
- Columbia University Press
- DOI:
- 10.7312/columbia/9780231178020.001.0001
- Subject:
- Business and Management, Business Ethics and Corporate Social Responsibility
Despite social and economic advances around the world, poverty and disease persist, exacerbated by the mounting challenges of climate change, natural disasters, political conflict, mass migration, ...
More
Despite social and economic advances around the world, poverty and disease persist, exacerbated by the mounting challenges of climate change, natural disasters, political conflict, mass migration, and economic inequality. While governments commit to addressing these challenges, traditional public and philanthropic dollars are not enough. Here, innovative finance has shown a way forward: by borrowing techniques from the world of finance, we can raise capital for social investments today. Innovative finance has provided polio vaccines to children in the DRC, crop insurance to farmers in India, pay-as-you-go solar electricity to Kenyans, and affordable housing and transportation to New Yorkers. It has helped governmental, commercial, and philanthropic resources meet the needs of the poor and underserved and build a more sustainable and inclusive prosperity.
Capital and the Common Good shows how market failure in one context can be solved with market solutions from another: an expert in securitization bundles future development aid into bonds to pay for vaccines today; an entrepreneur turns a mobile phone into an array of financial services for the unbanked; and policy makers adapt pay-for-success models from the world of infrastructure to human services like early childhood education, maternal health, and job training. Revisiting the successes and missteps of these efforts, Georgia Levenson Keohane argues that innovative finance is as much about incentives and sound decision-making as it is about money. When it works, innovative finance gives us the tools, motivation, and security to invest in our shared future.Less
Despite social and economic advances around the world, poverty and disease persist, exacerbated by the mounting challenges of climate change, natural disasters, political conflict, mass migration, and economic inequality. While governments commit to addressing these challenges, traditional public and philanthropic dollars are not enough. Here, innovative finance has shown a way forward: by borrowing techniques from the world of finance, we can raise capital for social investments today. Innovative finance has provided polio vaccines to children in the DRC, crop insurance to farmers in India, pay-as-you-go solar electricity to Kenyans, and affordable housing and transportation to New Yorkers. It has helped governmental, commercial, and philanthropic resources meet the needs of the poor and underserved and build a more sustainable and inclusive prosperity.
Capital and the Common Good shows how market failure in one context can be solved with market solutions from another: an expert in securitization bundles future development aid into bonds to pay for vaccines today; an entrepreneur turns a mobile phone into an array of financial services for the unbanked; and policy makers adapt pay-for-success models from the world of infrastructure to human services like early childhood education, maternal health, and job training. Revisiting the successes and missteps of these efforts, Georgia Levenson Keohane argues that innovative finance is as much about incentives and sound decision-making as it is about money. When it works, innovative finance gives us the tools, motivation, and security to invest in our shared future.
Diane-Laure Arjaliès, Philip Grant, Iain Hardie, Donald MacKenzie, and Ekaterina Svetlova
- Published in print:
- 2017
- Published Online:
- July 2017
- ISBN:
- 9780198802945
- eISBN:
- 9780191841385
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780198802945.001.0001
- Subject:
- Business and Management, Finance, Accounting, and Banking
Investment is no longer a matter of individual savers directly choosing which shares or bonds to buy. Rather, most of their money flows through a ‘chain’: an often extended sequence of ...
More
Investment is no longer a matter of individual savers directly choosing which shares or bonds to buy. Rather, most of their money flows through a ‘chain’: an often extended sequence of intermediaries. What goes on in that chain is of huge importance: the world’s investment managers, who are now almost as well paid as top bankers, control assets equivalent in value to around a year of total global economic output. In Chains of Finance, five social scientists (four of whom have worked in investment management) discuss the ways in which the intermediaries in the chain influence each other, channel the flows of savers’ money, enhance investment decisions, and form audiences for each other’s performances of financially competent selves. The central argument of the book is that investment management is fashioned profoundly by the opportunities and constraints this chain creates. Whether chains constrain or enable, however, they always entangle, tying intermediaries to each other—silently and profoundly shaping the investment management industry. Chains of Finance is a novel analysis that will make students, social scientists, financial professionals and regulators look at the workings of financial markets in a new light. A must-read for anyone looking for insights into the decision-making processes of investment managers and those influenced by and working for them.Less
Investment is no longer a matter of individual savers directly choosing which shares or bonds to buy. Rather, most of their money flows through a ‘chain’: an often extended sequence of intermediaries. What goes on in that chain is of huge importance: the world’s investment managers, who are now almost as well paid as top bankers, control assets equivalent in value to around a year of total global economic output. In Chains of Finance, five social scientists (four of whom have worked in investment management) discuss the ways in which the intermediaries in the chain influence each other, channel the flows of savers’ money, enhance investment decisions, and form audiences for each other’s performances of financially competent selves. The central argument of the book is that investment management is fashioned profoundly by the opportunities and constraints this chain creates. Whether chains constrain or enable, however, they always entangle, tying intermediaries to each other—silently and profoundly shaping the investment management industry. Chains of Finance is a novel analysis that will make students, social scientists, financial professionals and regulators look at the workings of financial markets in a new light. A must-read for anyone looking for insights into the decision-making processes of investment managers and those influenced by and working for them.
Eric von Hippel
- Published in print:
- 2016
- Published Online:
- September 2017
- ISBN:
- 9780262035217
- eISBN:
- 9780262335461
- Item type:
- book
- Publisher:
- The MIT Press
- DOI:
- 10.7551/mitpress/9780262035217.001.0001
- Subject:
- Business and Management, Innovation
This book integrates new theory and research findings into the framework of a “free innovation paradigm.” Free innovation, as the book defines it, involves innovations developed by consumers who are ...
More
This book integrates new theory and research findings into the framework of a “free innovation paradigm.” Free innovation, as the book defines it, involves innovations developed by consumers who are self-rewarded for their efforts, and who give their designs away “for free.” It is an inherently simple grassroots innovation process, unencumbered by compensated transactions and intellectual property rights. Free innovation is already widespread in national economies and is steadily increasing in both scale and scope. Today, tens of millions of consumers are collectively spending tens of billions of dollars annually on innovation development. However, because free innovations are developed during consumers' unpaid, discretionary time and are given away rather than sold, their collective impact and value have until very recently been hidden from view. This has caused researchers, governments, and firms to focus too much on the Schumpeterian idea of innovation as a producer-dominated activity. Free innovation has both advantages and drawbacks. Because free innovators are self-rewarded by such factors as personal utility, learning, and fun, they often pioneer new areas before producers see commercial potential. At the same time, because they give away their innovations, free innovators generally have very little incentive to invest in diffusing what they create, which reduces the social value of their efforts. The best solution, this book argues, is a division of labor between free innovators and producers, enabling each to do what they do best. The result will be both increased producer profits and increased social welfare—a gain for all.Less
This book integrates new theory and research findings into the framework of a “free innovation paradigm.” Free innovation, as the book defines it, involves innovations developed by consumers who are self-rewarded for their efforts, and who give their designs away “for free.” It is an inherently simple grassroots innovation process, unencumbered by compensated transactions and intellectual property rights. Free innovation is already widespread in national economies and is steadily increasing in both scale and scope. Today, tens of millions of consumers are collectively spending tens of billions of dollars annually on innovation development. However, because free innovations are developed during consumers' unpaid, discretionary time and are given away rather than sold, their collective impact and value have until very recently been hidden from view. This has caused researchers, governments, and firms to focus too much on the Schumpeterian idea of innovation as a producer-dominated activity. Free innovation has both advantages and drawbacks. Because free innovators are self-rewarded by such factors as personal utility, learning, and fun, they often pioneer new areas before producers see commercial potential. At the same time, because they give away their innovations, free innovators generally have very little incentive to invest in diffusing what they create, which reduces the social value of their efforts. The best solution, this book argues, is a division of labor between free innovators and producers, enabling each to do what they do best. The result will be both increased producer profits and increased social welfare—a gain for all.
Marko Dimitrijević
- Published in print:
- 2016
- Published Online:
- September 2017
- ISBN:
- 9780231170444
- eISBN:
- 9780231542357
- Item type:
- book
- Publisher:
- Columbia University Press
- DOI:
- 10.7312/columbia/9780231170444.001.0001
- Subject:
- Business and Management, Strategy
Where are the next decade's greatest investment opportunities? Veteran investor Marko Dimitrijevic argues that they can be found in frontier markets, which account for seventy-one of the world's ...
More
Where are the next decade's greatest investment opportunities? Veteran investor Marko Dimitrijevic argues that they can be found in frontier markets, which account for seventy-one of the world's seventy-five fastest-growing economies and 19 percent of the world's GDP. Yet many investors ignore them. Fueled by new access to technology and information, frontier markets are emerging even faster than their predecessors, making them an essential component of a globally diversified portfolio. In Frontier Investor, Dimitrijevic shows through colorful case studies, compelling charts, and fascinating travel anecdotes that it is not only possible but prudent to invest in these unfamiliar and undervalued options. Dimitrijevic explains how frontier markets such as Nigeria, Panama, and Bangladesh are poised to follow the similar paths of Chinese, Indian, and Russian markets, which were considered exotic two decades ago. He details a strategy for how and where to invest, directly or indirectly, to profit from frontier growth. Dimitrijevic covers the risks, political and otherwise, of these markets, the megatrends that promise exciting investment opportunities in the coming years, and the prospects for countries beyond the frontier, including Myanmar, Cuba, and even Iran. Rich with experience and insight, Frontier Investor opens up a whole new world—and worldview—to investors.Less
Where are the next decade's greatest investment opportunities? Veteran investor Marko Dimitrijevic argues that they can be found in frontier markets, which account for seventy-one of the world's seventy-five fastest-growing economies and 19 percent of the world's GDP. Yet many investors ignore them. Fueled by new access to technology and information, frontier markets are emerging even faster than their predecessors, making them an essential component of a globally diversified portfolio. In Frontier Investor, Dimitrijevic shows through colorful case studies, compelling charts, and fascinating travel anecdotes that it is not only possible but prudent to invest in these unfamiliar and undervalued options. Dimitrijevic explains how frontier markets such as Nigeria, Panama, and Bangladesh are poised to follow the similar paths of Chinese, Indian, and Russian markets, which were considered exotic two decades ago. He details a strategy for how and where to invest, directly or indirectly, to profit from frontier growth. Dimitrijevic covers the risks, political and otherwise, of these markets, the megatrends that promise exciting investment opportunities in the coming years, and the prospects for countries beyond the frontier, including Myanmar, Cuba, and even Iran. Rich with experience and insight, Frontier Investor opens up a whole new world—and worldview—to investors.
Luis Perez-Breva
- Published in print:
- 2017
- Published Online:
- September 2017
- ISBN:
- 9780262035354
- eISBN:
- 9780262336680
- Item type:
- book
- Publisher:
- The MIT Press
- DOI:
- 10.7551/mitpress/9780262035354.001.0001
- Subject:
- Business and Management, Innovation
Society celebrates innovation after the fact. It is a revisionist exercise, and little is said about how to innovate. Aspiring innovators are told to get a big idea and a team and build a ...
More
Society celebrates innovation after the fact. It is a revisionist exercise, and little is said about how to innovate. Aspiring innovators are told to get a big idea and a team and build a show-and-tell for potential investors. But that conflates innovation, entrepreneurship, publicizing an idea, and fundraising; it does not clue aspiring innovators on how to begin. Innovating shows how actually to get started and innovate for impact and scale—a skill you can practice and master through learning. It is a doer’s approach for the explorers of our time, developed over a decade at MIT and internationally in workshops, classes, and companies. It shows innovating does not require an earth-shattering idea; indeed, no thing is new at the outset of what we only later celebrate as innovation. It takes only a hunch, and anyone can do it. By prototyping a problem and learning by being wrong, innovating can be scaled up to make an impact. The process is empirical, experimental, nonlinear, and incremental: give a hunch the structure of a problem; use anything as a part; accrue other people’s knowledge and skills in the course of innovating; systematize what is learned; advocate, communicate, scale up, manage innovating continuously, and document. Questions outlined in the book help innovators think in new ways. It is even possible to create a kit for innovating.Less
Society celebrates innovation after the fact. It is a revisionist exercise, and little is said about how to innovate. Aspiring innovators are told to get a big idea and a team and build a show-and-tell for potential investors. But that conflates innovation, entrepreneurship, publicizing an idea, and fundraising; it does not clue aspiring innovators on how to begin. Innovating shows how actually to get started and innovate for impact and scale—a skill you can practice and master through learning. It is a doer’s approach for the explorers of our time, developed over a decade at MIT and internationally in workshops, classes, and companies. It shows innovating does not require an earth-shattering idea; indeed, no thing is new at the outset of what we only later celebrate as innovation. It takes only a hunch, and anyone can do it. By prototyping a problem and learning by being wrong, innovating can be scaled up to make an impact. The process is empirical, experimental, nonlinear, and incremental: give a hunch the structure of a problem; use anything as a part; accrue other people’s knowledge and skills in the course of innovating; systematize what is learned; advocate, communicate, scale up, manage innovating continuously, and document. Questions outlined in the book help innovators think in new ways. It is even possible to create a kit for innovating.
Gordon L Clark and Ashby H B Monk
- Published in print:
- 2017
- Published Online:
- June 2017
- ISBN:
- 9780198793212
- eISBN:
- 9780191835131
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780198793212.001.0001
- Subject:
- Business and Management, Finance, Accounting, and Banking
This book is about what institutional investors do, how they do it, and when and where they do it: it is about the production of investment returns in the global economy. It also tackles some of the ...
More
This book is about what institutional investors do, how they do it, and when and where they do it: it is about the production of investment returns in the global economy. It also tackles some of the key issues found in the academic literature on the theory of the firm. It looks at ways other treatments of the modern corporation share an abiding interest in the management and organization of the production process. In this case, the focus is on the global financial services industry, where the building blocks underpinning the study of industrial corporations are less relevant. One of the publication’s goals is to explain how and why the production of investment returns differs from that of manufactured goods. Another is to provide an analytical framework that situates financial institutions within the complex web of the intermediaries that dominate developed financial markets. As such, the book is more than an analysis of the organization and management of institutional investors; it is also an analysis of the global financial services industry.Less
This book is about what institutional investors do, how they do it, and when and where they do it: it is about the production of investment returns in the global economy. It also tackles some of the key issues found in the academic literature on the theory of the firm. It looks at ways other treatments of the modern corporation share an abiding interest in the management and organization of the production process. In this case, the focus is on the global financial services industry, where the building blocks underpinning the study of industrial corporations are less relevant. One of the publication’s goals is to explain how and why the production of investment returns differs from that of manufactured goods. Another is to provide an analytical framework that situates financial institutions within the complex web of the intermediaries that dominate developed financial markets. As such, the book is more than an analysis of the organization and management of institutional investors; it is also an analysis of the global financial services industry.
Nicholas A. Phelps
- Published in print:
- 2017
- Published Online:
- July 2017
- ISBN:
- 9780199668229
- eISBN:
- 9780191748684
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780199668229.001.0001
- Subject:
- Business and Management, Political Economy
Much of the world’s economic activity takes place in interplaces—places between cities and nations, the geographical containers that we have taken for granted for hundreds of years now. In this book ...
More
Much of the world’s economic activity takes place in interplaces—places between cities and nations, the geographical containers that we have taken for granted for hundreds of years now. In this book Nicholas Phelps provides a guide to this uncharted territory within urban and economic geography. He highlights the importance of intermediary actors and processes in shaping the in-between economy of interplaces. From the airports, shopping malls, and office parks that have sprung up on the roads between cities to work done on the move in cars and trains, to the decisions made by internationally mobile networks of experts in conferences and negotiations, the economic geography of interplaces is revealed as one involving four recurring and coexisting economic geographical formations—the agglomeration, the enclave, the network, and the arena. The author sets out a multidisciplinary perspective and agenda on the question of the how, why, and where much contemporary economic activity takes place.Less
Much of the world’s economic activity takes place in interplaces—places between cities and nations, the geographical containers that we have taken for granted for hundreds of years now. In this book Nicholas Phelps provides a guide to this uncharted territory within urban and economic geography. He highlights the importance of intermediary actors and processes in shaping the in-between economy of interplaces. From the airports, shopping malls, and office parks that have sprung up on the roads between cities to work done on the move in cars and trains, to the decisions made by internationally mobile networks of experts in conferences and negotiations, the economic geography of interplaces is revealed as one involving four recurring and coexisting economic geographical formations—the agglomeration, the enclave, the network, and the arena. The author sets out a multidisciplinary perspective and agenda on the question of the how, why, and where much contemporary economic activity takes place.
Laura Empson
- Published in print:
- 2017
- Published Online:
- September 2017
- ISBN:
- 9780198744788
- eISBN:
- 9780191805943
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780198744788.001.0001
- Subject:
- Business and Management, Organization Studies, Knowledge Management
This book analyses the complex power dynamics and interpersonal politics that lie at the heart of leadership in professional organizations, such as accounting, law, and consulting firms, investment ...
More
This book analyses the complex power dynamics and interpersonal politics that lie at the heart of leadership in professional organizations, such as accounting, law, and consulting firms, investment banks, hospitals, and universities. It is based on scholarly research into many of the world’s leading professional organizations across a range of sectors, including interviews with over 500 senior professionals in sixteen countries. Drawing on the latest academic theory to analyse exactly how professionals in organizations come together to create ‘leadership’, it provides new insights into how leaders lead when there is no traditional hierarchy to support them, their own authority is contingent, and they must constantly renegotiate relationships with relatively autonomous professional peers. It explores how leaders persuade highly intelligent, educated, and opinionated professionals to work together; how change happens within professional organizations; and why leaders so often fail. Part I introduces the concept of plural leadership, analysing how leaders establish and maintain their positions within leadership constellations, and the implications for governance in the context of collective or distributed leadership. Part II examines the complex, challenging relationships between professionals as they seek to influence their organizations, including the phenomena of leadership dyads, insecure overachievers, social control, and the rise of the management professional. Part III examines the shifts in the locus of power as professional organizations grow, adapt, and react to external stimuli such as mergers and acquisitions and economic crises. The conclusion identifies the paradoxes inherent in professional organizations and examines the role of leaders in attempting to reconcile them.Less
This book analyses the complex power dynamics and interpersonal politics that lie at the heart of leadership in professional organizations, such as accounting, law, and consulting firms, investment banks, hospitals, and universities. It is based on scholarly research into many of the world’s leading professional organizations across a range of sectors, including interviews with over 500 senior professionals in sixteen countries. Drawing on the latest academic theory to analyse exactly how professionals in organizations come together to create ‘leadership’, it provides new insights into how leaders lead when there is no traditional hierarchy to support them, their own authority is contingent, and they must constantly renegotiate relationships with relatively autonomous professional peers. It explores how leaders persuade highly intelligent, educated, and opinionated professionals to work together; how change happens within professional organizations; and why leaders so often fail. Part I introduces the concept of plural leadership, analysing how leaders establish and maintain their positions within leadership constellations, and the implications for governance in the context of collective or distributed leadership. Part II examines the complex, challenging relationships between professionals as they seek to influence their organizations, including the phenomena of leadership dyads, insecure overachievers, social control, and the rise of the management professional. Part III examines the shifts in the locus of power as professional organizations grow, adapt, and react to external stimuli such as mergers and acquisitions and economic crises. The conclusion identifies the paradoxes inherent in professional organizations and examines the role of leaders in attempting to reconcile them.
Corporate Governance, Competition, and Political Parties
Beyond Varieties of Capitalism
The Labyrinths of Information
Corporate E-Learning
Corporate Governance
Swarm Creativity
Capitalist Diversity and Change
Global Strategy
Psychological Capital
