Alternative Theories of the Firm

The Theory of the Firm is a widely accepted axiom in business school academia, but evidence suggests it threatens the survival of the human species. This book explores alternatives to the Theory of the Firm and offers insights into understanding a firm differently, providing value to researchers, academics, practitioners, and students interested in leadership, strategic management, and the intersection of corporate interests and societal well-being.

Format: Paperback / softback
Length: 374 pages
Publication date: 25 September 2023
Publisher: Taylor & Francis Ltd

The Theory of the Firm is widely regarded as an axiomatic concept within the realm of business school academia. It encompasses a wide range of considerations, including the structure, boundaries, and roles of organizations, as well as the formulation and implementation of business strategies. The dominant Theory of the Firm posits that markets operate in a perfectly efficient manner to optimize societal well-being, as individuals strive to maximize their personal utility from their purchases, and firms aim to maximize financial returns for their owners.

However, mounting evidence and ongoing discussions within the scientific and policy communities suggest that the acceptance and application of this theory in the organization of business and society pose significant threats to the survival of the human species, as well as countless other forms of life. This book serves as a timely and comprehensive resource, offering the latest insights and perspectives on alternatives to the Theory of the Firm as the foundation for managerial decision-making. The authors delve into diverse theories that challenge our conventional understanding of firms and propose alternative frameworks for analyzing and evaluating organizational behavior.

This book holds immense value for researchers, academics, practitioners, and students who are passionate about leadership, strategic management, and the intricate interplay between corporate interests and the well-being of society. It provides a comprehensive and thought-provoking exploration of the challenges and opportunities inherent in alternative approaches to firm theory, offering valuable insights and practical applications for those seeking to navigate the complex dynamics of modern business and society.

Weight: 453g
Dimension: 229 x 152 (mm)
ISBN-13: 9781032077888