Ideal as an introduction and as a quick reference, Key Concepts in Critical Management Studies explores the essential concepts used within the field today. Specially edited and written by a range of international experts, key ideas are succinctly explained and illustrated beyond a simple definition. Further reading suggestions and cross-referencing provide the reader with means to develop their knowledge further.
With over 50 entries, from Actor Network Theory to Utopianism, readers have instant access and explanation of the most influential concepts in CMS literature. Clear and engaging, this will provide strong support for all courses involving critical management and is a perfect resource for anyone with an interest in this field.
Definition: ‘An ingenious device for obtaining individual profit without individual responsibility’ (Bierce, 1996).
As the definition shows, the modern concept of the corporation has a long tradition of critical interpretations. This critical approach is based on the fact that the legal act of incorporation grants a company some [Page 67]unique features like perpetuity and limited liability. Its separate legal representation enables it to be attributed with agency and ownership in its own name. Twentieth-century legal discourse has attributed amendment protections to the separate legal entity on the basis of its singular legal agency.
The contemporary understanding of the separate legal entity is the result of a long history. The central reference in legal scholarship is the thirteenth-century universitas. Until the nineteenth century, the use of incorporation as ...