1st Edition
Family Dynasties The Evolution of Global Business in Scandinavia
Chapter 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 global
Biography
Hans Sjögren is a professor at Linköping University and Stockholm School of Economics, Sweden.
