In a pioneering work, Jeffrey Fear overturns the dominant understanding of German management as "backward" relative to the U.S. and uncovers an autonomous and sophisticated German managerial tradition. Beginning with founder August Thyssen-the Andrew Carnegie of Germany-Fear traces the evolution of management inside the Thyssen-Konzern and the Vereinigte Stahlwerke (United Steel Works) between 1871 and 1934.
Fear focuses on the organization and internal dynamics of the company. He demonstrates that initiatives often flowed from middle managers, rather than from the top down. Shattering stereotypes of the overly bureaucratic and rigid German firm, Fear portrays a decentralized and flexible system that underscores the dynamic and entrepreneurial nature of German business. He fundamentally revises the scholarship on Alexander Gerschenkron and Germany's Sonderweg, and critiques Max Weber's concept of the corporation and capital accounting. He develops a loosely coupled relationship among enterprise strategy, organization, the structure of responsibility, and its accounting system, which links information, knowledge, and power inside the firm. This method of organizing control is central to understanding corporate governance.
Original and provocative, this work will generate much debate among historians, organizational theorists, and management and accounting scholars.
Jeffrey Fear is Associate Professor of Business at the University of Redlands.
List of Figures and Tables Acknowledgments Introduction Part I. Thyssen & Co., 1871-1914 1. August Thyssen, Victorian Entrepreneur 2. If I Rest, I Rust 3. Creating Management 4. Accounting for Control 5. Sustaining Innovation Part II. The Thyssen-Konzern, 1890-1926 6. Cartels and Competition 7. Rushing Forward and Backward 8. Managing a Konzern 9. Organizing Financial Control 10. Revolutionizing Industrial Relations 11. Centralization or Decentralization? 12. The Demise of the Thyssen-Konzern Part III. The Vereinigte Stahlwerke, 1926-1936 13. The "Rationalization Company" 14. Contested Terrain 15. Business Practice and Politics 16. Heinrich Dinkelbach, Organization Man Conclusion Appendix A: Tables Appendix B: Accounting as Symbolic Practice Notes Index