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OverviewA 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. Full Product DetailsAuthor: Hans Sjögren , Ken SchubertPublisher: Taylor & Francis Ltd Imprint: Routledge Weight: 0.199kg ISBN: 9780367735043ISBN 10: 0367735040 Pages: 136 Publication Date: 18 December 2020 Audience: College/higher education , Tertiary & Higher Education Format: Paperback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsChapter 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 globalReviewsAuthor InformationHans Sjögren is a professor at Linköping University and Stockholm School of Economics, Sweden. Tab Content 6Author Website:Countries AvailableAll regions |
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