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This Book Offers A Thoroughly Researched And Accessibly Written Account Of The John Lewis Partnership. It Describes What The Jlp Is, How It Works, And What Other Businesses Can Learn From It. The Us/uk Model Of The Firm, With Its Emphasis On Shareholder Value And Its Openness To The Market In The Buying And Selling Of Businesses, Is Prone To A Number Of Problematic Consequences For Employees, Suppliers, And Sometimes Share-holders. The Jlp Represents A Contrast To This Model - One That Has Implications Beyond The Small Niche Of Mutually-owned Firms. The Jlp Has Lessons For Organizations That Are Unlikely To Move Towards The Partnership's Distinctive Shared Ownership. This Book Identifies These Lessons. The Key Questions Addressed Include: How Does The Jlp Work In Practice? What Is The Link Between Co-ownership, The Jlp Employment Model, And The Performance Of The Businesses? What Is The Role Of Management In The Success Of John Lewis And Waitrose? Are Mutuality, Co-ownership And Business Performance At Odds? What Is The Significance Of Democracy Within The Jlp? And Probably Most Significantly: What Are The Implications, For Policy-makers And For Economic Agents Of The Jlp? This Book Is Based On Detailed Knowledge Of The Jlp And Its Constituent Business Gathered By The Authors Over A Fifteen Year Period. Their Conclusion: That The Jlp Is More Complex, Even More Impressive, And More Interesting Than Its Admirers Realise.
This book investigates whether the John Lewis Partnership (JLP) model of employee ownership offers a viable and superior alternative to the conventional shareholder-value model prevalent in US and UK business. The authors, Graeme Salaman and John Storey, utilize fifteen years of detailed research into the JLP and its constituent businesses, John Lewis and Waitrose, to analyze the mechanics of co-ownership. They argue that the JLP provides a complex, high-performing organizational structure that challenges standard assumptions about the necessity of traditional shareholder primacy.
What You Will Find
Scope Limits
Experts and business scholars recognize this work as a definitive, evidence-based study of the John Lewis Partnership model. Readers frequently note the depth of the authors' long-term research, which provides a nuanced view of how democratic management functions in a large-scale commercial environment.
Page Count:
256
Publication Date:
2016-01-01
Publisher:
Oxford University Press
ISBN-10:
0191085596
ISBN-13:
9780191085598
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