Fixing the Game: Bubbles, Crashes, and What Capitalism Can Learn from the NFL

Fixing the Game: Bubbles, Crashes, and What Capitalism Can Learn from the NFL

by Roger L. Martin
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Fixing the Game: Bubbles, Crashes, and What Capitalism Can Learn from the NFL 3.8 out of 5 based on 0 ratings. 4 reviews.
Fortunatus More than 1 year ago
Roger Martin (Dean, Rotman School of Management, The University of Toronto) has written an insightful and easily understood description of the problems with contemporary American capitalism. Martin's book is a must read for anyone who cares about the well-being of the American economic system and how Wall Street/hedge funds have virtually corrupted true American capitalism. Using management of the National Football League as a paradigm, Dean Martin describes the Agency Theory problems and suggest how the problems could be corrected. The central theme wending through the book is the notion of American companies not being focused on the real market of producing goods and services to satisfy customer needs and wants, but concentrating their energy on the expectation market of Wall Street/hedge funds and "maximizing" shareholder value. Martin, highlighting the threat to American capitalism from the expectation market, states: "... a real market orientation creates individual and societal good, while an expectations orientation creates a downward spiral that threatens both individual well-being and the health of our economy. American capitalism is in danger, and the danger stems directly from the way we have linked the real world to the expectations world [i.e., Wall Street and hedge fund casinos], amplifying the influence of the expectations market on the real market."
RolfDobelli More than 1 year ago
Roger L. Martin, dean of the University of Toronto’s Rotman School of Management and a life-long sports enthusiast, believes the 2008 mortgage meltdown was only the most recent crisis in the chronically ill US economy and that another setback is inevitable unless American business leaders change their approach. He traces the US economy’s problems to the mid-1970s, when corporate philosophy shifted from serving consumers to placating shareholders. He calls for a return to the old business model of paying executives based on real achievement not on meeting or missing projections. He cites the US National Football League (pre-referee strike) as the perfect illustration of how well a real-rewards model can work if executives put their customers first. “It isn’t about how profitable a company wants to be,” Martin says, “It is about in what way the company becomes profitable.” getAbstract believes that his playbook can help corporations get back in the game.
nitpicker More than 1 year ago
If you ever wondered exactly what seemed wrong with capitalism these days, why so many companies made so much money without actually making anything, this is the book for you.
Anonymous More than 1 year ago