Blending personal and managerial capitalism: Bertelsmann's rise from medium-sized publisher to global media corporation and service provider, 1950–2010.
This article suggests that the distinction between family and managerial capitalism is not as clear as often assumed and presents empirical evidence for hybrid forms of governance. It is based on a case study of Europe's largest media company, Bertelsmann AG, which grew from a mid-sized firm into a...
| Publicado en: | Business History Vol. 55; no. 6; pp. 855 - 875 |
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| Autor principal: | |
| Formato: | Case Study |
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Taylor & Francis Ltd
Sep2013
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=89683288&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 89683288 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00076791 BHI jtl: Business History issn: 00076791 maglogo: N pubinfo: dt: Sep2013 vid: 55 iid: 6 pid: 377 pub: Taylor & Francis Ltd artinfo: ui: 89683288 10.1080/00076791.2012.744584 ppf: 855 ppct: 20 formats: tig: atl: Blending personal and managerial capitalism: Bertelsmann's rise from medium-sized publisher to global media corporation and service provider, 1950–2010. aug: au: Berghoff, Hartmut affil: German Historical Institute, Washington DC / University of Göttingen su: Bertelsmann SE & Co. KGaA Management of family-owned business enterprises Family-owned business enterprises Business enterprises Mass media industry Publishing Capitalism Organizational structure Corporate history History Europe sug: subj: Europe Bertelsmann SE & Co. KGaA Management of family-owned business enterprises Family-owned business enterprises Business enterprises Mass media industry Publishing Capitalism Organizational structure Corporate history History keyword: Bertelsmann book clubs family firms governance managerial capitalism managers media organisation personal capitalism publishing television ab: This article suggests that the distinction between family and managerial capitalism is not as clear as often assumed and presents empirical evidence for hybrid forms of governance. It is based on a case study of Europe's largest media company, Bertelsmann AG, which grew from a mid-sized firm into a large multinational after 1950. Family-led until 1981, Bertelsmann is still family-controlled today. The article analyses the structure of the family, the remodelling of ownership and controlling rights, the methods of financing, and the role of non-family managers. On all levels, creative solutions were found that overcame traditional forms of patriarchal family capitalism and introduced strong elements of managerial capitalism into a family business. Managers enjoyed considerable space for autonomous action providing they did not challenge the ground rules set by the family. pubtype: Academic Journal doctype: Case Study src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 2013 holdings: @attributes: islocal: N |
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