Cliques and Capitalism : A Modern Networked Theory of the Firm

De Lange suggests a new contextually linked building block model to develop theories of the firm in the field of strategy and organizations. De Lange suggests a new contextually linked building block model to develop theories of the firm in the field of strategy and organizations. Using this approach, she proposes two models: one that is a realistic American version and another that is a futuristic sustainable model. Both are new networked models that integrate current theories; a review of international corporate governance supports the sustainable firm that solves problems of the current one. Through a revised theoretical lens, the book answers a provocative question surrounding modern corporate America: Who wields the power? In this investigative look at the institutional mechanisms behind who is truly running the show, Cliques and Capitalism seeks to not only explain why the current corporate system fails to function well, but also offers solutions for improved corporate governance through a new sustainable model Front Matter....Pages i-xiv Introduction....Pages 1-4 Front Matter....Pages 5-5 Who Holds the Power? Corporate Governance in America....Pages 7-32 A Review of Theories for the Modern Firm....Pages 33-66 Front Matter....Pages 67-67 A Network Governance Model of the Firm....Pages 69-76 The Working Firm....Pages 77-85 The Legitimizing Firm....Pages 87-100 The Stock Market Bureaucracy....Pages 101-118 Front Matter....Pages 119-120 Power of the Middlemen....Pages 121-127 Cliques of Legitimizing Leaders....Pages 129-137 Democratization as an Institutionalized Myth....Pages 139-144 Front Matter....Pages 145-145 A Superior Model—Sustainability....Pages 147-172 Examples of International Corporate Governance....Pages 173-210 Future Scenarios: Redistribution of Power in America....Pages 211-216 Front Matter....Pages 217-217 Implications and Future Research for Management Scholars....Pages 219-222 Implications for Policy and Practice....Pages 223-226 Back Matter....Pages 227-256