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How Crisis Shapes the Corporate Model
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Lohr describes changes underway in capitalism. Capitalism not purely as economic but rooted in the communities it is in and the overall society. As government becomes a partner of business in navigating this perod of acceleration of changes, that were already underway, whats important to society as a whole is taking prominence. At the WSJ summit recently, CEO's cited obesity in America as a number one concern. Issues like climate change and pollution are taking on more weight, especially with the US playing a role in global efforts to control it. Overconsumption of energy and of resources like oil also become a concern that business works to address. The modern corporation, the salaried manager, the industrial peace with unions and management working together, were not always with us, they were a result of the problems experienced in the years between the 2 wars. And the technologies of telephone, railroads, and telegraph, and the automobile created the mobility and communications that accelerated change in societies and communities, rural and urban areas throughout the growing USA. Now another set of changes will accelerate trends already underway. And business will have a more social face with society becoming interwoven with the other things business does and coloring all aspects of what it is trying to achieve.
The way capitalism changed during the period between two wars and how it will change now.
01/04/2009
Industrial peace between management and unions, the multidivisional corporate model, the salaried manager began to take shape in these years between two wars. And the telephone, telegraph and railroads accelerated mobility communication and changes. Now another set of changes are being accelerated by this crisis period, with business taking on a human and societal face.
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The deeper changes underway in America, as American business and corporate ways of working are themselves changing.
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The ways in which business and companies operate are changing in America as this crisis continues. The social fabric and people and the kinds of lives they live are becoming important in American business view of the country and the world.
Linked Articles
Steven Pearlstein - A Rare Triumph of Substance at the Summit
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How Crisis Shapes the Corporate Model
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