Recently I happened to read the book The Company: A Short History Of A Revolutionary Idea by John Micklethwait and Adrian Wooldridge(Phoenix ,2005) ,Editor-in-chief and Management Editor respectively of The Economist . I happened to read the book while researching on for writing my book on corporate governance. The book provides vast details of research into the origins, growth and the advantages and disadvantages of the innovative idea that enabled countries and economies to achieve tremendous powers on the economic front. The book also details the issues that follow in making it accountable to the shareholders and stakeholders.
The authors take great effort and pains to describe the various stages of the transformation of the original idea to the current form. They also detail the growth of the concept in different geographical areas like the USA, Britain, Germany and Japan. The growth of the managerial capitalism and its role in taking the company form to greater heights and also the growth of companies beyond the boundaries of a country to become multinationals. The authors also discuss about the future of the company keeping the background of social concerns in which they are expected to operate and conclude that “The foremost contribution of the company to society has been through economic progress. It has an obligation to obey the law. But it is designed to make money”. A very good book for those who want to research into the origin and growth of the company idea for promoting entreprenuership.
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