Local Players in Global Games
The Strategic Constitution of a Multinational Corporation
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Local Players in Global Games by Peer Hull Kristensen
Book DescriptionWhat happens when previously autonomous firms from different countries, each with their own identities, routines, and capabilities, come together inside a single multinational corporation? Can a cooperative strategy be established that advances the development of the multinational as a whole, or do mutual misunderstandings and the unintended consequences of strategic interaction among the players lead instead to endemic conflict and disintegration? This book tackles these novel and important questions through an empirical study of the strategic constitution of an 'actually existing' multinational. It does so by tracing the historical construction of the multinational corporation from the confluence of multiple formerly independent firms and analyzing the interacting web of strategies pursued by different actors within it. The analysis reveals how workers, unionists, subsidiary managers, and corporate executives pursue separate strategic games rooted in their local contexts, whose global outcome contrasts sharply with idealized views of the multinational as an integrated and coordinated organization. By comparing these findings to those of the broader literature, the book proceeds to a theoretical examination of the challenges of managing the multinational, and the difficulties of resolving them through conventional organizational means. The authors propose new procedural solutions aimed at fostering mutual recognition and knowledge exchange within the multinational corporation, and explore how a multinational public may be created to press for the necessary reforms in corporate governance. As the success of such reforms is far from preordained, the book concludes with a series of alternative scenarios that illustrate the many obstacles to a smooth continuation of the globalization process. This is an important and original study of significance for researchers, academics, and advanced students of international business, business strategy, economics, organizational studies, economic sociology, economic geography, and international political economy.
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Book DetailsISBN: 9780199275625
(235mm x 156mm x 21mm)
Imprint: Oxford University Press
Publisher: Oxford University Press
Publish Date: 30-Sep-2004
Country of Publication: United Kingdom
Books By Author Peer Hull Kristensen
Nordic Capitalisms and Globalization, Paperback (May 2012)
Through detailed case studies of Finland, Denmark, Norway, and Sweden, this book investigates how and why welfare services, active labour market institutions, and public policies were re-combined to stimulate innovation and growth in the Nordic countries, and signals the lessons that can be learned by others.
Multinational Firm, Paperback (March 2003)
Rather than cohesive rational actors maximizing resources across national boundaries, this text argues that multinational corporations are complex social arenas where competing groups draw on internal resources in developing new transnational social relationships.
Governance at Work, Hardback (June 1997)» View all books by Peer Hull Kristensen
Global pressures present similar challenges to companies in different countries, but how those organizations deal with them depends on the social and institutional framework in which they develop and operate. In this book, leading academics explore and explain variations in governance systems, focusing in particular on European trends.
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Author Biography - Peer Hull Kristensen
Jonanthan Zeitlin is Professor of Sociology, Public Affairs, and History at the University of Wisconsin-Madison, where he is also a Director of the Center on World Affairs and the Global Economy. He is author of numerous books, including Americanization and its Limits: Reworking US Technology and Management in Postwar Europe and Japan (OUP 2000) and Governing Work and Welfare in a New Economy: European and American Experiments (OUP, 2003).
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