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Local Players in Global Games - The Strategic Constitution of a Multinational Corporation (Paperback, New)
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Local Players in Global Games - The Strategic Constitution of a Multinational Corporation (Paperback, New)
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What 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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