Symbolic Management : Governance, Strategy, and Institutions Hardback
by James (Harvey C. Fruehauf Professor of Business Administration, Harvey C. Fruehauf Profess Westphal, Sun Hyun (Associate Professor of Strategy and International Management, Associate Professor of Park
Hardback
Description
The theory of symbolic management reveals a pervasive pattern of 'symbolic decoupling' - a separation between appearances and reality - at every level of the governance system.
At each level the processes of governance are less efficient or effective than they appear; from interpersonal relations within organizations such as those between CEOs and directors, top managers and lower-level employees, to relations between firm leaders and external stakeholders such as journalists and security analysts.
There is even a separation between appearances and reality at the level of the governance system itself.
In this book, James Westphal and Sun Hyun Park develop symbolic management into a major theoretical perspective on governance.
Not only does symbolic management provide a compelling behavioral alternative to economic perspectives such as agency theory, but it subsumes economic theory.
Agency theory is reconceived as a historically contingent institutional logic that became taken for granted among corporate stakeholders for a period of time and eventually replaced by a new logic of governance.
Through a body of extensive empirical research Westphal and Park demonstrate how the symbolic management activities of firm leaders have contributed to this historical shift in prevailing logics of governance, and present a warning to regulators, investors, and the general public.
Information
-
Out of stock
- Format:Hardback
- Pages:272 pages
- Publisher:Oxford University Press
- Publication Date:01/04/2020
- Category:
- ISBN:9780198792055
Information
-
Out of stock
- Format:Hardback
- Pages:272 pages
- Publisher:Oxford University Press
- Publication Date:01/04/2020
- Category:
- ISBN:9780198792055
