Guardian - Atlantic 2013 what’s the problem ?
stakeholder activism, Dodd-Frank, etc. capital social benefit profit labor firm management governance mgt educ - Humanist Mgt, PRME, etc.
Mayer, Colin. (2013). Firm Commitment: Why the Corporation is Failing Us and How to Restore Trust in It. Oxford: Oxford University Press. p.187
Fischel, Daniel R. (1982). The Corporate Governance Movement. Vanderbilt Law Review, 35(6),
Keay, Andrew. (2011). The Corporate Objective. Cheltenham: Edward Elgar. p.38 Bottomley, Stephen. (2007). The Constitutional Corporation: Rethinking Corporate Governance. Aldershot: Ashgate. so what is ‘the firm’ ?
some ToF variants bureaucratic, OT, systems theory sociological, political, stakeholder institutional, networked, legal behavioral, psychological evolutionary, org routines, organic self-organizing, emergent post Coasian - TCE, PAT, nexus, property rights, team production,... RBV, KBV, DCs... chaos or contingency ? what problem is being addressed ? value creation, profit : Knightian uncertainty & bounded rationality ?
new theory of the value-creating firm ? ‘the firm’ is just an idea about a real problem
opportunity technological change expands opportunity space competitive activity decreases opportunity space new funding ethical constraints -meeting Knightian uncertainty with managerial judgment -constructing entrepreneurial opportunity -managerial rhetoric for harnessing others' judgment -‘theory of the managed firm’ (TMF) as unique language government regulation ecological issues if Coase’s questions are the problem
management research & education reading the political-economic situation immersion, entrepreneurial judgment, coup d'oeil knowledge creation - data, meaning, practice language construction rhetorical practices for harnessing others TMF as indexical discourse of collaborative value-creation
Botticelli Judgment of Paris (1485)