Corporate Policy and Governance

"Fredmund Malik has become the leading analyst of, and expert on Management in Europe ( ). He is a commanding figure - in theory as well as in the practice of Management." Peter Drucker§Man-made organizations such as businesses and other societal institutions can function autodynamically, in the same way as modern technology steers, regulates and controls itself. With this book, Fredmund Malik offers insight into his cybernetic toolkit, along with instructions for its use. General systems policy and master controls are the key functions of future corporate policy and corporate governance.§Fredmund Malik shows how organizations have to be organized so they can subsequently organize themselves. With this book series he presents his cybernetic general management system for the age of complexity.§"With this book, Malik lives up to his reputation as a mastermind." Financial Times DeutschlandFredmund Malik describes what really matters in good management and explains the core issues of corporate governance, namely, customer value or focusing on service to the client. The prevalent conceptual models of corporate policy have become obsolete: the shareholder approach is the worst theory of all time; stakeholder theory is not practicable; trusting the stock market is a mistake. What counts is effective corporate governance, which has become an indispensable requirement for survival.§The author shows: how corporate governance should be structured which financial parameters are truly important the optimal size for a supervisory board, and which errors result when profit maximization is declared the company s top objective.