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In Business Diplomacy by Multinational Corporations, Huub Ruël turns to Catholic Social Thought (CST), to provide a clear, distinctive instrument for MNCs to reflect on their purpose and role in the global society while also guiding and directing their relationship-building actions with other actors in the global society.
Book Synopsis Business Diplomacy by Multinational Corporations by : Huub Ruël
Download or read book Business Diplomacy by Multinational Corporations written by Huub Ruël and published by Emerald Group Publishing. This book was released on 2022-01-27 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Business Diplomacy by Multinational Corporations, Huub Ruël turns to Catholic Social Thought (CST), to provide a clear, distinctive instrument for MNCs to reflect on their purpose and role in the global society while also guiding and directing their relationship-building actions with other actors in the global society.
Business diplomacy involves developing strategies for long-term, positive relationship building with governments, local communities, and interest groups, aiming to establish and sustain legitimacy and to mitigate the risks arising from all non-commercial or exogenous factors in the global business environment.
Book Synopsis International Business Diplomacy by : Huub Ruël
Download or read book International Business Diplomacy written by Huub Ruël and published by Emerald Group Publishing. This book was released on 2017-11-23 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: Business diplomacy involves developing strategies for long-term, positive relationship building with governments, local communities, and interest groups, aiming to establish and sustain legitimacy and to mitigate the risks arising from all non-commercial or exogenous factors in the global business environment.
Managers of multinational organizations are struggling to win the strategic competition for the hearts and minds of external stakeholders. These stakeholders differ fundamentally in their worldview, their understanding of the market economy and their aspirations and fears for the future. Their collective opinions of managers and corporations will shape the competitive landscape of the global economy and have serious consequences for businesses that fail to meet their expectations. This important new book argues that the strategic management of relationships with external stakeholders – what the author calls "Corporate Diplomacy" – is not just canny PR, but creates real and lasting business value.Using a mix of colourful examples, practically relevant tools and considered perspectives, the book hones in on a fundamental challenge that managers of multinational corporations face as they strive to compete in the 21st century. As falling communication costs shrink, the distance between external stakeholders and shareholder value is increasingly created and protected through a strategic integration of the external stakeholder facing functions. These include government affairs, stakeholder relations, sustainability, enterprise risk management, community relations and corporate communications. Through such integration, the place where business, politics and society intersect need not be a source of nasty surprises or unexpected expenses. Most of the firms profiled in the book are now at the frontier of corporate diplomacy. But they didn’t start there. Many of them were motivated by past failings. They fell into conflicts with critical stakeholders – politicians, communities, NGO staffers, or activists – and they suffered. They experienced delays or disruptions to their operations, higher costs, angry customers, or thwarted attempts at expansion. Eventually, the managers of these companies developed smarter strategies for stakeholder engagement. They became corporate diplomats. The book draws on their experiences to take the reader to the forefront of stakeholder engagement and to highlight the six elements of corprate diplomacy.
Book Synopsis Corporate Diplomacy by : Witold J. Henisz
Download or read book Corporate Diplomacy written by Witold J. Henisz and published by Routledge. This book was released on 2017-09-08 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managers of multinational organizations are struggling to win the strategic competition for the hearts and minds of external stakeholders. These stakeholders differ fundamentally in their worldview, their understanding of the market economy and their aspirations and fears for the future. Their collective opinions of managers and corporations will shape the competitive landscape of the global economy and have serious consequences for businesses that fail to meet their expectations. This important new book argues that the strategic management of relationships with external stakeholders – what the author calls "Corporate Diplomacy" – is not just canny PR, but creates real and lasting business value.Using a mix of colourful examples, practically relevant tools and considered perspectives, the book hones in on a fundamental challenge that managers of multinational corporations face as they strive to compete in the 21st century. As falling communication costs shrink, the distance between external stakeholders and shareholder value is increasingly created and protected through a strategic integration of the external stakeholder facing functions. These include government affairs, stakeholder relations, sustainability, enterprise risk management, community relations and corporate communications. Through such integration, the place where business, politics and society intersect need not be a source of nasty surprises or unexpected expenses. Most of the firms profiled in the book are now at the frontier of corporate diplomacy. But they didn’t start there. Many of them were motivated by past failings. They fell into conflicts with critical stakeholders – politicians, communities, NGO staffers, or activists – and they suffered. They experienced delays or disruptions to their operations, higher costs, angry customers, or thwarted attempts at expansion. Eventually, the managers of these companies developed smarter strategies for stakeholder engagement. They became corporate diplomats. The book draws on their experiences to take the reader to the forefront of stakeholder engagement and to highlight the six elements of corprate diplomacy.
In Business Diplomacy by Multinational Corporations, Huub Ruël turns to Catholic Social Thought (CST), to provide a clear, distinctive instrument for MNCs to reflect on their purpose and role in the global society while also guiding and directing their relationship-building actions with other actors in the global society.
Book Synopsis Business Diplomacy by Multinational Corporations by : Huub Ruël
Download or read book Business Diplomacy by Multinational Corporations written by Huub Ruël and published by Emerald Group Publishing. This book was released on 2022-01-27 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Business Diplomacy by Multinational Corporations, Huub Ruël turns to Catholic Social Thought (CST), to provide a clear, distinctive instrument for MNCs to reflect on their purpose and role in the global society while also guiding and directing their relationship-building actions with other actors in the global society.
Business diplomacy involves developing strategies for long-term, positive relationship building with governments, local communities, and interest groups, aiming to establish and sustain legitimacy and to mitigate the risks arising from all non-commercial or exogenous factors in the global business environment.
Book Synopsis International Business Diplomacy by : Huub Ruël
Download or read book International Business Diplomacy written by Huub Ruël and published by Emerald Group Publishing. This book was released on 2017-11-23 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Business diplomacy involves developing strategies for long-term, positive relationship building with governments, local communities, and interest groups, aiming to establish and sustain legitimacy and to mitigate the risks arising from all non-commercial or exogenous factors in the global business environment.
Based on a wealth of empirical studies and case studies, this book explains the strategic choices companies have to make in order to remain consistent. In each chapter, real-life examples illuminate the key message managers should take away from the book. It offers a purely managerial viewpoint focused on what managers can do to manage the business enviroment in any situation.
Book Synopsis Corporate Diplomacy by : Ulrich Steger
Download or read book Corporate Diplomacy written by Ulrich Steger and published by John Wiley & Sons. This book was released on 2003-08-01 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on a wealth of empirical studies and case studies, this book explains the strategic choices companies have to make in order to remain consistent. In each chapter, real-life examples illuminate the key message managers should take away from the book. It offers a purely managerial viewpoint focused on what managers can do to manage the business enviroment in any situation.
International business and globalization requires governments to operate in a context different than before, which is to integrate other participants of diplomacy in its own decision-making processes. Governments have been focusing on new strategies, such as involving ministries and non-state actors and institutions, providing greater transparency, and acting collectively. Facing the challenges of an increasingly complex world Diplomats are not the only actors involved in the diplomatic process because due to globalization, many actors such as NGOs, international organizations and individuals can be seen practicing diplomacy. Diplomacy is a course of actions, based on the exchange of ideas, values and traditions to reinforce the business relationships, improve the social cooperation and stimulate the national interests, with respects to globalization. Diplomacy, due to globalization the mass communication technology help access between people to promote peace & stability all over the world because it influences the opinion globally of businesses, trade, individuals, communities, cultures and countries (Kamsaris, 2020). The tactics to form international relations can be described either hard or soft power and according to Nye soft power is the ability to persuade and get what you want through culture, values and ideas through attraction rather than coercion or payments, while hard power involves activating forces. Through soft power, the use of cultural diplomacy becomes significant (Kamsaris, 2020). Regarding the international business world, the will and ability to appreciate and embrace the diverse values and needs of dissimilar cultures is important for the strategic decisions and adopt diplomacy models tactics by increasing social awareness of international companies engaged in the development of culturally sensitive marketing plans and campaigns in order to build positive public opinion, form a good image, free of local problems, conduct research regarding the cultural differences of the new country and international companies with local focus (Kamsaris, 2020). Bound states that the internet has created a world where cultures meet and mix and reform easily and constantly and countries are increasingly finding that they need to reaffirm their sovereignty to stop their cultures being swamped or changed by access to other cultural outputs. As Mark says, a state’s international cultural mission now involves a more active role in protecting and developing country culture. A country’s cultural identity needs to be strong and constantly reinforced and revitalised, or it will be flooded and lost. A culture is the set of values which underpins a country and the way that other countries use to understand you. Culture for Ribeiro is a non-threatening, inclusive way of communicating with people. It is powerful because it is universal and is shared as it is a manifestation of human genius and achievement and is charged with symbolic meaning. International relations referred to the study of foreign affairs and political interaction between countries and cover the complex of cultural, economic, legal, military, and political relations of all countries and their populations, actors and international organizations. The goal of this book is to introduce some of the main issues of international politics, such as war and peace, development, regional integration and security, and to familiarize with different ways to conceptualise and analyse these issues. This should allow to make a more confident decision about your own attitude towards particular issues and to analyse these issues more thoroughly, but it should also make you question both your own as well as others’ representations of the world.
Book Synopsis Diplomacy and International Business by : Dr. Dimitrios P. Kamsaris
Download or read book Diplomacy and International Business written by Dr. Dimitrios P. Kamsaris and published by BookRix. This book was released on 2021-04-04 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: International business and globalization requires governments to operate in a context different than before, which is to integrate other participants of diplomacy in its own decision-making processes. Governments have been focusing on new strategies, such as involving ministries and non-state actors and institutions, providing greater transparency, and acting collectively. Facing the challenges of an increasingly complex world Diplomats are not the only actors involved in the diplomatic process because due to globalization, many actors such as NGOs, international organizations and individuals can be seen practicing diplomacy. Diplomacy is a course of actions, based on the exchange of ideas, values and traditions to reinforce the business relationships, improve the social cooperation and stimulate the national interests, with respects to globalization. Diplomacy, due to globalization the mass communication technology help access between people to promote peace & stability all over the world because it influences the opinion globally of businesses, trade, individuals, communities, cultures and countries (Kamsaris, 2020). The tactics to form international relations can be described either hard or soft power and according to Nye soft power is the ability to persuade and get what you want through culture, values and ideas through attraction rather than coercion or payments, while hard power involves activating forces. Through soft power, the use of cultural diplomacy becomes significant (Kamsaris, 2020). Regarding the international business world, the will and ability to appreciate and embrace the diverse values and needs of dissimilar cultures is important for the strategic decisions and adopt diplomacy models tactics by increasing social awareness of international companies engaged in the development of culturally sensitive marketing plans and campaigns in order to build positive public opinion, form a good image, free of local problems, conduct research regarding the cultural differences of the new country and international companies with local focus (Kamsaris, 2020). Bound states that the internet has created a world where cultures meet and mix and reform easily and constantly and countries are increasingly finding that they need to reaffirm their sovereignty to stop their cultures being swamped or changed by access to other cultural outputs. As Mark says, a state’s international cultural mission now involves a more active role in protecting and developing country culture. A country’s cultural identity needs to be strong and constantly reinforced and revitalised, or it will be flooded and lost. A culture is the set of values which underpins a country and the way that other countries use to understand you. Culture for Ribeiro is a non-threatening, inclusive way of communicating with people. It is powerful because it is universal and is shared as it is a manifestation of human genius and achievement and is charged with symbolic meaning. International relations referred to the study of foreign affairs and political interaction between countries and cover the complex of cultural, economic, legal, military, and political relations of all countries and their populations, actors and international organizations. The goal of this book is to introduce some of the main issues of international politics, such as war and peace, development, regional integration and security, and to familiarize with different ways to conceptualise and analyse these issues. This should allow to make a more confident decision about your own attitude towards particular issues and to analyse these issues more thoroughly, but it should also make you question both your own as well as others’ representations of the world.
How multinationals contribute, or don't, to global prosperity Globalization and multinational corporations have long seemed partners in the enterprise of economic growth: globalization-led prosperity was the goal, and giant corporations spanning the globe would help achieve it. In recent years, however, the notion that all economies, both developed and developing, can prosper from globalization has been called into question by political figures and has fueled a populist backlash around the world against globalization and the corporations that made it possible. In an effort to elevate the sometimes contentious public debate over the conduct and operation of multinational corporations, this edited volume examines key questions about their role, both in their home countries and in the rest of the world where they do business. Is their multinational nature an essential driver of their profits? Do U.S. and European multinationals contribute to home country employment? Do multinational firms exploit foreign workers? How do multinationals influence foreign policy? How will the rise of the digital economy and digital trade in services affect multinationals? In addressing these and similar questions, the book also examines the role that multinational corporations play in the outcomes that policymakers care about most: economic growth, jobs, inequality, and tax fairness.
Book Synopsis Global Goliaths by : James R. Hines
Download or read book Global Goliaths written by James R. Hines and published by Brookings Institution Press. This book was released on 2021-04-20 with total page 585 pages. Available in PDF, EPUB and Kindle. Book excerpt: How multinationals contribute, or don't, to global prosperity Globalization and multinational corporations have long seemed partners in the enterprise of economic growth: globalization-led prosperity was the goal, and giant corporations spanning the globe would help achieve it. In recent years, however, the notion that all economies, both developed and developing, can prosper from globalization has been called into question by political figures and has fueled a populist backlash around the world against globalization and the corporations that made it possible. In an effort to elevate the sometimes contentious public debate over the conduct and operation of multinational corporations, this edited volume examines key questions about their role, both in their home countries and in the rest of the world where they do business. Is their multinational nature an essential driver of their profits? Do U.S. and European multinationals contribute to home country employment? Do multinational firms exploit foreign workers? How do multinationals influence foreign policy? How will the rise of the digital economy and digital trade in services affect multinationals? In addressing these and similar questions, the book also examines the role that multinational corporations play in the outcomes that policymakers care about most: economic growth, jobs, inequality, and tax fairness.
This book presents theories and case studies for corporations in developed nations, including Japan, for designing strategies to maximize opportunities and minimize threats in business expansion into developing nations. The case studies featured here focus on Asia, including China and India, and use examples of Japanese manufacturers. Five case studies are provided, including Hitachi Construction Machinery and Shiseido in China and Maruti Suzuki in India. These cases facilitate the reader’s understanding of the business environments in emerging economies. This volume is especially recommended for business people responsible for international business development, particularly in China and India. In addition, the book serves as a useful resource for students in graduate-level courses in international management.
Book Synopsis Global Business Strategy by : Kazuyuki Motohashi
Download or read book Global Business Strategy written by Kazuyuki Motohashi and published by Springer. This book was released on 2015-03-25 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents theories and case studies for corporations in developed nations, including Japan, for designing strategies to maximize opportunities and minimize threats in business expansion into developing nations. The case studies featured here focus on Asia, including China and India, and use examples of Japanese manufacturers. Five case studies are provided, including Hitachi Construction Machinery and Shiseido in China and Maruti Suzuki in India. These cases facilitate the reader’s understanding of the business environments in emerging economies. This volume is especially recommended for business people responsible for international business development, particularly in China and India. In addition, the book serves as a useful resource for students in graduate-level courses in international management.
Multinational Corporations in Political Environments advances and tests a theory of why foreign corporations leave host states. Theories of international business have often ignored the complexity of corporate decisions about leaving foreign countries, generally assuming that the economic and competitive reasons that prompt multinational corporations to enter host states also explain their subsequent reasons for leaving. Alternatively, this book proposes a theory of how different stakeholders' values and ethics shape multinationals' strategic leaving behaviors. Tested in South Africa when US multinationals were facing diverse pressures from stockholders, governments and consumers to leave, the research provides a prism to isolate how different stakeholders' actions influenced multinationals' behaviors. Detailed analyses of subsidiary-level archival data over a period of four crucial years revealed that the multinationals engaged in diverse forms of leaving reflecting their involvements, strategies and stakeholders' influences. The research, the first to test which stakeholders' strategies, including boycotts and sanctions, influenced multinationals and which did not, and to identify their effects on multinationals' behaviors, has enormous implications for policy makers, managers and social activists. The book also applies the findings and explores implications for recent stakeholders' attempts at influencing multinationals and governments, such as Nike in Asia and the Burmese government, through sanctions, resolutions and boycotts.
Book Synopsis Multinational Corporations In Political Environments: Ethics, Values And Strategies by : Usha C V Haley
Download or read book Multinational Corporations In Political Environments: Ethics, Values And Strategies written by Usha C V Haley and published by World Scientific. This book was released on 2001-11-12 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multinational Corporations in Political Environments advances and tests a theory of why foreign corporations leave host states. Theories of international business have often ignored the complexity of corporate decisions about leaving foreign countries, generally assuming that the economic and competitive reasons that prompt multinational corporations to enter host states also explain their subsequent reasons for leaving. Alternatively, this book proposes a theory of how different stakeholders' values and ethics shape multinationals' strategic leaving behaviors. Tested in South Africa when US multinationals were facing diverse pressures from stockholders, governments and consumers to leave, the research provides a prism to isolate how different stakeholders' actions influenced multinationals' behaviors. Detailed analyses of subsidiary-level archival data over a period of four crucial years revealed that the multinationals engaged in diverse forms of leaving reflecting their involvements, strategies and stakeholders' influences. The research, the first to test which stakeholders' strategies, including boycotts and sanctions, influenced multinationals and which did not, and to identify their effects on multinationals' behaviors, has enormous implications for policy makers, managers and social activists. The book also applies the findings and explores implications for recent stakeholders' attempts at influencing multinationals and governments, such as Nike in Asia and the Burmese government, through sanctions, resolutions and boycotts.
