Corporations have continued to grow and extend their operations into the global economy to the point that the modern corporation has become larger and more influential than many sovereign countries. In this global expansion, corporations have extended their operations with little restraint—almost only limited by corporate lawyers’ imaginations. Modern corporations have become so pervasive; world populations are more dependent on them for their food, services, technologies, work and daily well-being than ever before.
This book analyzes the twenty-first century forces challenging the executive leadership of the modern corporation. Lessons are drawn for corporate leaders facing these challenges: turbulent times, balancing creators and stewards, managing company culture, managing by wire, incorporating global virtual organization structures, and managing sustained innovation. Nolan concludes with guidelines on creating a leadership agenda for transforming the corporation to successfully compete in the realities of the new corporate world of the twenty-first century.
Table of Contents
Preface 1. Turbulent Times 2. Then and Now 3. Creators and Stewards 4. Culture is Everything 5. Managing by Wire 6. From Vertical to Virtual Integration 7. Managing Sustained Innovation 8. Managing Corporate Transformation 9. Twenty-First Century Imperatives for Boards and Senior Executives 10. From Industry Commons to Global Industry Eco-systems 11. The Modern Corporation in the World Epilogue
Richard Nolan is the William Barclay Harding Professor of Business Administration, Emeritus at Harvard University, USA.