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The world has moved on in the advanced economies where credit based financial systems coupled with malleable accounting systems disconnect capitalization and wealth accumulation from GDP trajectories and financial surplus. This, the book argues, is the product of economic, financial and cultural imperatives that privilege and encourage financial leverage for wealth accumulation.This text re-works business models for a financialized world and presents a distinctive insight into the way in which national, corporate and focal firm business models have adapted and evolved. It also shows how, in the current financial crisis, financial disturbances can be amplified, transmitted and made porous, by accounting systems, threatening economic stability. By making visible the tensions and contradictions embedded in this process of economic development, the authors have constructed a loose business model conceptual framework that is also grounded in accounting.This is a valuable resource for practitioners, academics and policy makers with an interest in management, accounting and economic policy.
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REDEFINING BUSINESS MODELS The world has moved on in the advanced economies where credit-based financial systems coupled with malleable accounting practices disconnect capitalization and wealth accumulation from GDP trajectories and financial surplus. This, the book argues, is the product of economic, financial and cultural imperatives that privilege and encourage financial leverage for wealth accumulation. This text redefines business models and strategy for a financialized world and presents a distinctive insight into the way in which national, corporate and focal firm business models have adapted and evolved. It also shows how, in the current financial crisis, financial disturbances can be amplified, transmitted and made increasingly porous by accounting systems, threatening economic stability. By making visible the tensions and contradictions embedded in this process of economic development, the authors construct a loose business model conceptual framework that is also grounded in accounting. This is a valuable resource for practitioners, academics and policy makers with an interest in management, accounting and economic policy. Colin Haslam is Director of the Finance Accounting Research Unit (FARU) at the University of Hertfordshire, UK. Tord Andersson is a business broker and financial analyst with Swedbank and is also a visiting research fellow at the University of Hertfordshire, UK. Nick Tsitsianis is a Principal Lecturer at the University of Hertfordshire, UK and an active researcher in the FARU. Ya Ping Yin is a Senior Lecturer in Economics at the University of Hertfordshire Business School, UK. REDEFINING BUSINESS MODELS Strategies for a financialized world Colin Haslam, Tord Andersson, Nick Tsitsianis and Ya Ping Yin First published 2013 by Routledge 2 Park Square, Milton Park, Abingdon, Oxon OX14 4RN Simultaneously published in the USA and Canada by Routledge 711 Third Avenue, New York, NY 10017 Routledge is an imprint of the Taylor & Francis Group, an informa business © 2013 Colin Haslam, Tord Andersson, Nick Tsitsianis and Ya Ping Yin The right of Colin Haslam, Tord Andersson, Nick Tsitsianis and Ya Ping Yin to be identified as authors of this work has been asserted by them in accordance with sections 77 and 78 of the Copyright, Designs and Patents Act 1988. All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers. Trademark notice: Product or corporate names may be trademarks or registered trademarks, and are use