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Globalization & Partnerships - Features of Business Alliances & International Cooperation (Hardcover)
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Globalization & Partnerships - Features of Business Alliances & International Cooperation (Hardcover)
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Growing economic globalisation has increased international business
competition and international economic interdependence. From this
perspective, many firms have formed business partnerships and most
nations have had to re-evaluate their economic interdependence.
This book explores changes that have occurred or have been proposed
in this regard. It provides new insights into business partnerships
and international economic interdependence, given growing economic
globalisation, and explores the managerial and socio-economic
consequences of those ideas. The contributions in this book have
been divided into four parts. Those in Part II concentrate on the
specification of partnerships and reasons for business partnerships
in the context of a globalisation. The idea of global networks in
which some "hard" and "soft" forms of partnerships would appear and
mix is introduced and discussed according to the partners involved
(nations, unions, firms and consumers) and the economic activities
(whether tangible or abstract). Globalisation also has a number of
consequences for business co-ordination, in particular when they
are based on outsourcing strategies in which cost reduction is
balanced with knowledge transfers. These are amongst the issues
explored in Part III. The difficulty to monitor and predict the
effects of global partnerships tends to increase the importance of
cultural and psychological variables such as trust and commitment.
Therefore the role of attitudes and perceptions is very important.
Whatever the agreement and the conjoined management among partner
firms, the attitude of the other agents can produce asymmetric
affects on these firms and considerably bias their partnership
strategy. Such biases are particularly likely from consumers. Their
attitude towards globalisation is not the only bias that may occur.
Their loyalty is also an important issue in a globalising world,
particularly in the service sector where lots of partnerships have
been made on a global scale (eg banks, airlines, leisure). These
are amongst the relationship marketing issues explored in Part IV.
In Part V, the factors introduced in the previous chapters are
considered from a regional and cultural perspective, where nations
and regions themselves are engaged in global partnership. In this
context, discrepancy often develops between the domestic and the
international globalisation strategies, as well as between the
capital and labour markets. The resulting complexity is
particularly problematic for the developing and peripheral
economies. Novel insights about partnership emerge, as studied in
this concluding part of the book.
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