Harry Korine - Böcker

What legitimizes power within a corporation? This question is of concern to the millions of citizens whose lives depend upon the fate of business corporations. The rules, institutions and practices of corporate governance define the limits of the power to direct, and determine under what conditions this power is acceptable. Effective corporate governance has long been defined in terms of economic performance. More recent studies have focused on philosophical, political and historical analyses. Entrepreneurs and Democracy unites these strands of inquiry - the legitimacy of power, the evolution of multiple forms of governance and the economics of performance - and proposes a framework for future study. It explores the opposing tensions of entrepreneurial force and social fragmentation that form the basis of legitimate corporate governance in modern societies. In doing so, it identifies a common logic that links both the democratization of corporate governance and the growth of economic performance.

What legitimizes power within a corporation? This question is of concern to the millions of citizens whose lives depend upon the fate of business corporations. The rules, institutions and practices of corporate governance define the limits of the power to direct, and determine under what conditions this power is acceptable. Effective corporate governance has long been defined in terms of economic performance. More recent studies have focused on philosophical, political and historical analyses. Entrepreneurs and Democracy unites these strands of inquiry - the legitimacy of power, the evolution of multiple forms of governance and the economics of performance - and proposes a framework for future study. It explores the opposing tensions of entrepreneurial force and social fragmentation that form the basis of legitimate corporate governance in modern societies. In doing so, it identifies a common logic that links both the democratization of corporate governance and the growth of economic performance.

Whereas previous research concentrated on articulating what global strategies look like in large multinational companies with decades of experience in operations abroad, The Leap to Globalization focuses on how globalizing is realized over time in companies that start from a narrow geographic base. Three characteristics differentiate globalizing as observed in current practice from simple international expansion. First, globalization implies a redefinition of customer value; second, globalizing is an entrepreneurial process that transforms the company; and third, speed plays an essential role in globalization.

The family firm preparing generational change, the partnership that welcomes new partners, and the shareholders of a firm that chooses to go public are making decisions that will have an impact on strategy and management. Conversely, a change in strategy such as a move to diversify or a decision to take on more risk in a business can make the firm more attractive to some shareholders and less attractive to others and is therefore not ownership neutral. Opening the black box of agency theory, Korine and Gomez show how management and ownership interact to shape the strategy of the firm. In their view, the critical question to ask is not what is the best strategy, but rather, who is the strategy for? With numerous detailed examples, Strong Managers, Strong Owners is an invaluable resource for company owners, board members and executives, as well as their advisors in strategy and governance.

Leading the Family Business Through Succession examines leadership and succession in family business, showing how current and next generation members can develop the business side by side.It challenges the traditional, hierarchical model of leadership and succession in family business, showing that this approach is no longer aligned to modern organizational needs. Instead, this book examines how current and next generations can bridge the gap and co-evolve as peers for a significant stretch of time. It outlines leadership practices families can employ to navigate the transition towards new ways of working together and how generations can collaborate to address the myriad challenges and opportunities affecting businesses today, balancing legacy and transformation. This book is informed by methodologies tried-and-tested in years of MBA and executive-level teaching at business schools such as INSEAD, St Gallen and London Business School. Taking a global approach and drawing on cutting edge insights and research, it provides case studies and examples featuring family businesses from around the world, such as Europe, the Americas, the Far East and the Middle East, highlighting how different family businesses can learn from each other. It is ideal for MBA and executive level courses on family business and will also be of interest to family business leaders, advisors and managers.

Leading the Family Business Through Succession examines leadership and succession in family business, showing how current and next generation members can develop the business side by side.It challenges the traditional, hierarchical model of leadership and succession in family business, showing that this approach is no longer aligned to modern organizational needs. Instead, this book examines how current and next generations can bridge the gap and co-evolve as peers for a significant stretch of time. It outlines leadership practices families can employ to navigate the transition towards new ways of working together and how generations can collaborate to address the myriad challenges and opportunities affecting businesses today, balancing legacy and transformation. This book is informed by methodologies tried-and-tested in years of MBA and executive-level teaching at business schools such as INSEAD, St Gallen and London Business School. Taking a global approach and drawing on cutting edge insights and research, it provides case studies and examples featuring family businesses from around the world, such as Europe, the Americas, the Far East and the Middle East, highlighting how different family businesses can learn from each other. It is ideal for MBA and executive level courses on family business and will also be of interest to family business leaders, advisors and managers.

Korine reframes the question of succession in family and founder-lead businesses as an issue of entrepreneurial choice, concentrating on the challenge of succession for change as opposed to the traditional focus on succession for continuity.It is inevitable that when the leaders of family and founder-lead businesses look to pass on the mantle they naturally want to preserve and maintain the firm they have worked so hard for so long to build up. The shaping influence of family or founder, and the instinctive emotional desire for legacy easily sways succession towards continuity rather than the possibly radical development the business may need to meet new challenges.Succession for Change shows how competitive advantage has evolved over the last twenty-five years and examines the approaches being adopted by current business leaders, succession service providers and the next generation to address the change imperative in succession.Korine’s rigorous research and deeply practical approach shows that when change becomes the focus of succession, and developing entrepreneurial values takes precedence over preserving the status quo, succession planning can ensure that firms not only survive the departure of their founders but thrive long after they have gone. He offers a framework for implementing succession as transformation, and rethinking succession governance. The secret is enabling the next generation of leaders to stand on the shoulders of giants rather than be constantly doomed to stand in the shadow of giants.