{"product_id":"symbolic-management-governance-strategy-and-institutions-0198792050","title":"Symbolic Management: Governance, Strategy, and Institutions","description":"\u003cp\u003e\u003cstrong\u003eISBN:\u003c\/strong\u003e 0198792050\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eAuthor:\u003c\/strong\u003e Westphal, James\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eCondition:\u003c\/strong\u003e New\u003c\/p\u003e\u003cp\u003eThe theory of symbolic management reveals a pervasive pattern of 'symbolic decoupling' - a separation between appearances and reality - at every level of the governance system. At each level the processes of governance are less efficient or effective than they appear; from interpersonal relations within organizations such as those between CEOs and directors, top managers and lower-level employees, to relations between firm leaders and external stakeholders such as journalists and security analysts. There is even a separation between appearances and reality at the level of the governance system itself.In this book, James Westphal and Sun Hyun Park develop symbolic management into a major theoretical perspective on governance. Not only does symbolic management provide a compelling behavioral alternative to economic perspectives such as agency theory, but it subsumes economic theory. Agency theory is reconceived as a historically contingent institutional logic that became taken for granted among corporate stakeholders for a period of time and eventually replaced by a new logic of governance. Through a body of extensive empirical research Westphal and Park demonstrate how the symbolic management activities of firm leaders have contributed to this historical shift in prevailing logics of governance, and present a warning to regulators, investors, and the general public.\u003c\/p\u003e","brand":"Mia Karts","offers":[{"title":"Default Title","offer_id":51669149384992,"sku":"NEW0198792050","price":53.23,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0980\/7426\/3840\/files\/51I7MGkkGrL.jpg?v=1779040398","url":"https:\/\/miakarts.com\/products\/symbolic-management-governance-strategy-and-institutions-0198792050","provider":"Miakarts Books","version":"1.0","type":"link"}