Private action for public purpose : examining the growth of Falck, the world's largest rescue company

This book analyses the private provision of rescue and emergency services, and focuses on the emergence of the world's largest rescue company, Falck. The author's structured academic perspective is informed through close co-operation with Falck, which operates in 44 countries and across 6...

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Bibliographic Details
Main Author Murdock, Alexander (Author)
Format Electronic eBook
LanguageEnglish
Published London : Palgrave Macmillan, [2017]
Subjects
Online AccessFull text
ISBN9781349952144
9781349952137
Physical Description1 online resource

Cover

Table of Contents:
  • Preface
  • Contents
  • List of Figures
  • List of Tables
  • Part I Key Themes
  • 1 The Emergence of Falck
  • Introduction
  • In Family Ownership
  • Sophus Falck
  • The Second Generation
  • The Third Generation
  • The Fourth Generation
  • A Sense of â#x80;#x98;Feudalismâ#x80;#x99;
  • The End of Family Ownership
  • The Family Firm: Exploring the Literature
  • Creation and Family Enterprise
  • The Dimension of Time
  • The â#x80;#x98;Wealthâ#x80;#x99; of a Family Firm
  • Familiness
  • Gender
  • Loss of Family Control
  • References
  • 2 Investigating Reliability and Rescue
  • IntroductionHazards and Risks
  • Hazards and Failure
  • The Swiss Cheese and the Hot Cheese Models of Accident Causation
  • Reliability in Organisationsâ#x80;#x94;Some Criteria
  • High Reliability Organisations
  • Complex Organisations
  • Measuring Reliability
  • Cultural Perspectives and Reliability
  • The Cleaner and the Paperweight
  • Reliability Redefinedâ#x80;#x94;Semantics, Scales or Perceptions?
  • Risk Perception
  • The Concept of a Rescue Culture
  • Summary
  • References
  • 3 Trust and the Public Sector
  • Introduction
  • Healthcare Contracts
  • Control and Trust in Healthcare ContractsAlpha and Omega: Two Cases of Trust Building in Partnership Contracts
  • Managing Trustâ#x80;#x94;A Central yet Difficult Task
  • The Formation of Alpha and Omega: When Trusting Enables
  • Preparing the Organizations to Partner
  • An Inclusive Approach
  • A Convincing Approach
  • Entering the Partnership Phase: When Trust Is Challenged
  • Conclusion
  • References
  • 4 Innovation in Products and Services
  • Introduction
  • Summary
  • Appendix: Examples of Innovation
  • Examples of Institutional Innovation
  • Examples of Disruptive InnovationReferences
  • 5 Governance and Ownership
  • Introduction
  • Corporate Governance and Nordic Governance
  • The Rights of Minority Shareholders in Denmark
  • Governance of Falck Over Time
  • The Family Governance
  • Governance Impact of Worker Democracy and Union Action
  • The Sale to Baltica and End of Family Governance
  • Baltica Shares the Prize
  • The Move into Security: Walking on Two Legs
  • Stock Market Listing in 1995
  • Merger and Demerger with Group 4 Securitas (Group 4)
  • Group 4 Falckâ#x80;#x94;An Arranged Marriage?
  • An Amicable Separation?Nordic Capital
  • Disposal and Acquisition by Lundbeck
  • The Internationalisation
  • Governance Becomes an Issue
  • Summary
  • References
  • 6 Diversification and Growth Alex Murdock
  • Introduction
  • Diversification
  • Market Power
  • Agency
  • The Resource View
  • Diversification and Strategic Direction
  • Related and Unrelated Diversification
  • The Early Falck Experience
  • Move into Ambulance Service
  • Move into Firefighting
  • The Move into Security
  • The Move into Safety and Training
  • The Move into Healthcare