• Summary
  • Contents
  • Subject index

In this book, Lex Donaldson, one of the leading scholars in the field of organization theory, introduces a compelling theory of performance-driven organizational change, Organizational Portfolio Theory. In explaining why organizations change and also why they fail to change, the theory reconceptualizes the organization as a portfolio with a number of different causes of organizational performance varying over time. The author argues that without a performance crisis there is a good chance that necessary organizational changes will not be forthcoming, and that moreover, the adaptive change induced by the crisis creates the capacity for fresh organizational growth.

Risk and Corporate Governance
Risk and corporate governance

Corporate governance is a topic receiving much popular and academic attention today. Popular commentaries highlight as anomalous the number of CEOs who are also chairs of their boards, thus reducing the control over management by an independent board. Weak corporate governance is perceived, and much abuse is held to result. Stern prescriptions to toughen corporate governance are made. Academically, the prevailing theories map managerial aggrandizement and specify the structures to curtail it. Several disciplines upon management are conventionally depicted. However, the organizational portfolio theory offers a new perspective upon corporate governance and makes visible different causal mechanisms.

Corporate governance is affected by corporate performance. Therefore, in order to explain corporate governance and its changing nature, we need to see ...

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