Hans Sjögren

Family Dynasties (eBook, PDF)

The Evolution of Global Business in Scandinavia

• Format: PDF

Produktbeschreibung

A remarkable fifteen Nordic family businesses are among the 500 biggest companies in the world and the Nordic countries have more dynasties than most others per capita and in GDP terms. The willingness, often reluctant, of both the political system and labour movement to accept asset accumulation has helped these Nordic businesses survive. The top 1% of Swedes own close to 25% of the country's wealth, as opposed to 16.5% of Spaniards, where dynasties are also abundant. The pattern has held a firm grip on the Nordic countries since the Industrial Revolution and emergence of free enterprise. The trend is particularly pronounced in comparison with the Anglo-Saxon countries - somewhat less so relative to places like Italy, Japan, Germany and South-Asian countries.

This book describes the factors and dynamics behind the ability of Nordic businesses to grow and thrive from one generation to the next in the process of becoming dynasties. Far from being commercial enterprises, they are a venue for power, philanthropy, passion, conflict, freedom and captivity. Like many other dynasties, the Nordic ones are a witch's brew of Machiavelli's Prince, Marx's belief in the potential of the meritocracy and Smith's baker who works to sustain his family. Topped by a spoonful of Weber's Protestant Ethic.

This book will be key readings for students and scholars of entrepreneurship, corporate governance, business history, Scandinavian history, family business and enterprises and the related disciplines.

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Produktdetails

• Verlag: Taylor & Francis eBooks
• Seitenzahl: 136
• Erscheinungstermin: 15. März 2018
• Englisch
• ISBN-13: 9781351021517
• Artikelnr.: 54152853

Autorenporträt

Hans Sjögren is a professor at Linköping University and Stockholm School of Economics, Sweden.

Inhaltsangabe

Chapter 1: Dynasties in the Age of Capitalism
The Lucky Sperm Club
Mature and emerging dynasties
Nordic dynasties
Missions to fulfil
Chapter 2: The Theory of Dynasty
Personal, family-based and managerial capitalism
Financial and human capital
Dynastic longings
Churchill's favourite marmalade?
Ants and grasshoppers
The good life outside the stock market
A conceptual model
Relational capital and value creation
Historichal anchor
Chapter 3: New Industry Logic
Nordic dynastic entrepreneurship in the nineteenth century
Merchant houses
Banking and the bourgeoisie
Inter-war dynasties
Entrepreneurship in the countryside of Jutland
Post-war dynasties
Society modernizes
Family-based retailers
Into the digital revolution
Countryside origins
Chapter 4: Strategy, Structure and Dynamics
Stick to what you know, or not
A structural evolutionary pattern
Conglomerates - a blind alley
Business groups
Bonnier - back to basics
The u-turn of Lego
Too much tradition kills
In the wrong industry at the wrong time
Continuity and discontinuity with historical roots
Chapter 5: Values and Credos
Servant of the people - Kamprad's will
Renewal and the national interest - the Wallenbergs
Resolute leadership
Spotlight on customers - the Perssons, Rausings and Kann Rasmussens
The devil is in the details
Winning strategies
Chapter 6: Blood is Everything - Succession
Family do or die
Lonely spouses and cracks in the glass ceiling
Changing role of women
Shaky promises for the future
Sibling rivalry
A two-man show, or maybe not
The extended family
Sons-in-law and trials by fire
Culture of leadership
Frictionless succession
Passive owners without day-to-day management duties
Kinship triumphs
Chapter 7: Business, Politics and Culture
Political effort and conservative resistance
To ease the tax burdens
Welfare system alliances
A long tradition of mutual benefit
Give and take - a question of culture
Chapter 8: Conclusion
The weight of tradition
The future of dynasties - local is global