The model for the syndicate is the nineteenth-century farmers’ cooperative.
The approaches at GM and Toyota, however different, still take the traditional corporation as their point of departure. But there are also some new ideas that do away with the corporate model altogether.
One example is a “syndicate” being tested by several noncompeting manufacturers in the European Union. Each of the constituent companies is medium-sized, family-owned, and owner-managed. Each is a leader in a narrow, highly engineered product line. Each is heavily export-dependent. The individual companies intend to remain independent, and to continue to design their products separately. They will also continue to make them ...
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