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Dynasties: Fortunes and Misfortunes of the World's Great Family Businesses |  |
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Dynasties: Fortunes and Misfortunes of the World's Great Family Businesses | |
In Dynasties, bestselling author and historian David S. Landes scrutinizes the powerful family businesses that rule both the financial and industrial sectors across Europe, Japan, and America to determine what factors can cause a dynasty to flourish or fail. Focusing on three areas—banking, automobiles, and raw materials—his cast of characters speaks to the power of the family enterprise: Ford, Rothschild, Morgan, Guggenheim, Rockefeller, and Toyoda are but a few whose histories contain all the drama and passion expected when exorbitant money, power, and kinship intersect. Drawing on his immense knowledge of economic history, Landes offers a new reading of the dynastic business plan of the last two centuries—with surprising recommendations for the coming one.
作者简介 David S. Landes is professor emeritus of history and economics at Harvard and author of the bestseller The Wealth and Poverty of Nations. His other books include Bankers and Pashas, The Unbound Prometheus, and Revolution in Time.
编辑推荐 From Publishers Weekly
Beginning as a work of economics, moving through soap opera and finishing as history, this book tells the stories of 11 great family businesses in Europe, Japan and America with at least three generations of family control. Observing that the vast majority of businesses are family owned and run, historian Landes (The Wealth and Poverty of Nations) argues that dynastic businesses offer a proven route to developing emerging markets, while companies managed by unrelated professionals and funded by public investors offer mostly bad jobs and slim profit shares to local employees. Even among the largest corporations, many retain significant financial and managerial involvement by the founder's relatives, and those that do perform better than the others. Landes's stories emphasize emotional life within these dynasties; he includes business details and general economic history only as context for family adventures and feuds. His emphasis is on how family considerations such as authority, love, trust, envy, marriage, adoption and succession determine the growth and direction of the business. While this may seem irrational compared to entrusting strategic decisions to specialized professionals selected according to talent rather than bloodline, Landes argues that family does a better job. (Sept. 25)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
From Booklist
Historian Landes profiles business dynasties from the seventeenth century to the present. Defining a dynasty as three successive generations of family control and success, he focuses on banking, automobiles, and raw-materials industries, with fascinating stories of families, including the Barings, Morgans, Fords, Toyodas, Rockefellers, Guggenheims, and Schlumbergers. The varied histories of these families from different eras highlight the combination of money, power, and kinship that inevitably gives rise to drama and passion with the passage of generations. We learn the important influence that culture in the surrounding societies plays in the development of these dynasties and the author's conclusion that contrary to conventional wisdom, the family firm today is not obsolete or inconsequential. Landes tells us, "These tales trace the tangled histories of legendary lineages. . . . We can learn a great deal about business from these dynasties; moreover, these are extraordinary men and women, full of eccentricities and genius, and they provide a wealth of entertaining tales." Indeed. This is an excellent book. Mary Whaley
Copyright © American Library Association. All rights reserved
Review
Dynasties is rich in anecdote and will bring pleasure to the many readers who admired Landes’s last book. . . . It offers the same combination of shrewd insight and an engagingly conversational style. (Niall Ferguson, The New Republic) --This text refers to the Paperback edition.
