Redefining Business Models

'This path-breaking book offers the first systematic presentation of the critical relevance of accounting for interrogating and contesting the contemporary (re)design of business. It demonstrates how the making of business is changing and how this shift invites a change in analysis. Using detailed company cases, light is shone on the rise of financial leverage in business (re)construction. Accounting, rather than economics, is shown to offer the more insightful and challenging resources in elucidating as well as developing contemporary business models.'

Hugh Willmott, Cardiff University, UK

'This book constructs a new innovative business models framework of analysis. It reveals how, in a financialized world, strategy is concerned with leveraging income and collateral to generate ongoing recapitalizations. Using this business model framework of analysis, the authors generate critical insights into the process of capital and wealth accumulation and reveal why this is both increasingly fragile and volatile. It should be compulsory reading for anyone interested in understanding trajectories of the business world in a complex global environment.'

Prem Sikka, University of Essex, UK

'Redefining Business Models is a ground breaking study of corporate change in a financialised world. It's approach, rooted in a sophisticated accounting framework, emphasises the growing importance, and essential vulnerability, of leverage based strategies for wealth accumulation. This central observation is supported by detailed case studies on US banking, private equity, bio-pharma and others. This book is a timely intervention and an essential read for postgraduates, practitioners, academics and policy makers with an interest in management, accounting and economic policy.'

Adam Leaver, University of Manchester, UK