Corporate Strategy, Ownership and Control

Publisher Website
Google Scholar
Abstract
The labour process debate has failed to analyse systematically the `deus ex machina' in Braverman's original contribution, capital. This paper elaborates a complex conception of capital which differentiates circuits of capital - industrial, banking and commercial - both within the firm and in the economy as a whole. The specific way in which these circuits are integrated and the meaning of this for firms is examined through a case study of events within Imperial Tobacco in the 1970s. The labour process and strategies towards the labour process are seen as only one element in the complex articulation of the circuits of capital within firms and in the economy as a whole. The role of owners and ownership in particular requires greater consideration.