Why did Geoff love this book?
This is much the best recent book on business. It shows the changing shapes of companies in the era of platforms, complex supply chains and more. Its greatest value is to remind us that great companies are essentially an expression of collective intelligence, and that their longevity depends on loving what they do. It documents many examples where firms forgot this, pursued short-term profit and ended up destroying their value - not just Enron but also others like Boeing or Deutsche Bank. Its also a healthy alternative to naive views of companies as nothing more than collections of contracts. Anyone with any role in business or finance should read it, and will learn far more than from 99% of airport books on business.
1 author picked The Corporation in the 21st Century as one of their favorite books, and they share why you should read it.
SHORTLISTED FOR THE FINANCIAL TIMES AND SCHRODERS BUSINESS BOOK OF THE YEAR 2024
'Original and thought-provoking... A brilliantly erudite account of the major waves in the theory and practice of management' Financial Times
'Instead of theory it has wisdom... an excellent book' New Statesman
For generations, we have defined a corporation as a business that uses its accumulated wealth to own the means of production and exercise economic power.
That is no longer the reality. Corporations no longer control their own industries, and our most desired goods and services aren't stacked in container ships: they appear on your screen, fit…
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