Financialization and Strategy

Financialization and Strategy

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Considering the recent impact of the capital market on corporate strategy, this text analyzes, through argument and supportive case studies, how pressures from the capital bull market of the 1990s and bear market of the early 2000s, have reshaped management action and calculation in large, publicly quoted US and UK corporations. Beginning with the dissatisfaction with classical strategy and its limited engagement with the processes of financialization, the book moves on to cover three detailed company case studies (General Electric, Ford and GlaxoSmithKline) which use long run financial data and analysis of company and industry narratives to illustrate and explore key themes. The book emphasizes the importance of company and industry narrative, while also analyzing long term financial results, and helps to explain the limits of management action and the burden of expectations placed on corporate governance. Presenting financial and market information on trajectory in an accessible way, this book provides a distinctive, critical social science account of management in large UK and US corporations, and it is a valuable resource for students, scholars and researchers of business, management, political economy and non-mainstream economics. short listed for the 2007 IPEG Book PrizeIn some ways, light trucks were Forda#39;s automotive equivalent of the pharma blockbuster: a massively successful ... April 2005 Ford cut its 2005 earnings outlook by around $900 million (and retreated from its much-proclaimed 2006 pre -tax earnings goal ... cars and with the premium brands such as Jaguar as well as the problems with US sedans are well worth analysing. ... with the launch of the original Mondeo and continued triumphantly with the launch of the first Ford Focus in 1998.


Title:Financialization and Strategy
Author: Julie Froud, Rofessor of Financial Innovation and a Member of Cresc Julie Froud, Chair in Accounting & Strategy Sukhdev Johal, Sukhdev Johal, Adam Leaver, Senior Lecturer in Business Analysis and a Member of Cresc Adam Leaver, Karel Williams, Professor of Accounting and Political Economy and a Director of Cresc Karel Williams
Publisher:Routledge - 2006-04-18
ISBN-13:

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