Fixing the Game: Bubbles, Crashes, and What Capitalism Can Learn from the NFL PDF (Adobe DRM) download by Roger Martin

Fixing the Game: Bubbles, Crashes, and What Capitalism Can Learn from the NFL

Harvard Business Press
Publication date: April 2011
ISBN: 9781422142684
Digital Book format: PDF (Adobe DRM)

Buy PDF

List price:
$24.95
Our price:
$21.99

You save: $2.96 (12%)
GET THIS EBOOK
FOR FREE!
Join our Facebook sweepstake, share and
get 10 likes. Winners
get notified in 24H!
American capitalism is in dire straits, caught in a perilous pattern of increasing volatility, decreasing investor returns, and ongoing bad behavior by executives. And it’s getting worse. Since the turn of the twenty-first century, we’ve seen two massive value-destroying market meltdowns and a string of ethics breaches, including accounting scandals, options-backdating schemes, and the subprime mortgage debacle. Just what is going on here? Is it the inevitable decline of the American economy? Is it the new normal in a technology-enabled global marketplace? Or is it possible that the very theories we’ve embraced to underpin our capital markets are actually producing these crises?In Fixing the Game, Roger Martin reveals the culprit behind the sorry state of American capitalism: our deep and abiding commitment to the idea that the purpose of the firm is to maximize shareholder value. This theory has led to a massive growth in stock-based compensation for executives and, through this, to a naive and wrongheaded linking of the real market—the business of designing, making, and selling products and services—with the expectations market—the business of trading stocks, options, and complex derivatives. Martin shows how this tight coupling has been engineered and lays out its results: a single-minded focus on the expectations market that will continue driving us from crisis to crisis—unless we act now. Using the National Football League as his primary example, Martin illustrates that it is possible to take a much more thoughtful and effective approach than we now do to the intersection of the real and the expectations markets and to governance in general in the capital markets. Martin shows how we can act to end the destructive cycle, including: • Restructuring executive compensation to focus entirely on the real market, not the expectations market • Rethinking the meaning of board governance and role of board members• Reining in the power of hedge funds and monopoly pension fundsConcise, hard-hitting, and entertaining, Fixing the Game advocates seizing American capitalism from the jaws of the expectations market and planting it firmly in the real market—and it presents the steps we must take now to do so.
Please sign in to review this product.
Format:
Devices:
Fixing the Game PDF (Adobe DRM) can be read on any device that can open PDF (Adobe DRM) files.

File Size:
866 Kb
Language:
ENG
Copy From Text:
Disabled.
Printing:
Disabled.
Other books by Roger Martin
Playing to Win: How Strategy Really Works ePub (Adobe DRM) download by A.G. Lafley
Playing to Win: How Strategy Really Works
A.G. Lafley & Roger Martin
Harvard Business Review Press, February 2013
ISBN: 9781422187395
Format: ePub, PDF
List Price: $27.00 Our price: $23.99
Fixing the Game: How Runaway Expectations Broke the Economy, and How to Get Back to Reality PDF (Adobe DRM) download by Roger Martin
Fixing the Game
Roger Martin
Harvard Business Review Press, May 2011
ISBN: 9781422172292
Format: PDF
List Price: $24.95 Our price: $21.99
Design of Business: Why Design Thinking is the Next Competitive Advantage ePub (Adobe DRM) download by Roger Martin
Design of Business
Roger Martin
Harvard Business Review Press, October 2009
ISBN: 9781422177808
Format: ePub
List Price: $26.95 Our price: $23.99
Opposable Mind: Winning Through Integrative Thinking ePub (Adobe DRM) download by Roger Martin
Opposable Mind
Roger Martin
Harvard Business Review Press, July 2009
ISBN: 9781422139776
Format: ePub
List Price: $14.95 Our price: $11.99