Diplomacy and MNE strategy: how international relations can influence international business

IF 4.6 Q2 MATERIALS SCIENCE, BIOMATERIALS
C. A. Hartwell, Dominique Ursprung
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Abstract

Purpose This study, a perspective piece, aims to argue that one particular slice of political institutional operations – the conduct of international relations – offers a clue to the possible risks that businesses face from geopolitics. Design/methodology/approach The authors examine the various facets of international relations and diplomacy, including the processes and arenas, to show the relevance of statecraft for firms looking to minimize political risk. Findings By understanding the role of diplomacy and statecraft as a process, firms can better prepare themselves for events that have far-reaching ramifications. This is very different than minimizing risk from inherent geopolitical tensions and allows for a more flexible approach to understanding risk levels in the global arena. Originality/value International business scholarship has focused on institutions and their effects on firms and has recently begun to re-examine the role of geopolitics and political risk on firm performance and decisions. However, the current literature continues to have a superficial understanding of institutional processes and their impact on business, especially when it comes to the daily workings of political institutions.
外交与跨国企业战略:国际关系如何影响国际商业
目的本研究是一篇透视文章,旨在论证政治体制运作的一个特殊部分--国际关系的开展--为企业可能面临的地缘政治风险提供了线索。作者研究了国际关系和外交的各个方面,包括过程和舞台,以说明国术对于希望最大限度降低政治风险的企业的相关性。这与最大限度地降低固有的地缘政治紧张局势所带来的风险截然不同,因此可以采用更加灵活的方法来理解全球舞台上的风险水平。原创性/价值国际商业学术界一直关注制度及其对企业的影响,最近开始重新审视地缘政治和政治风险对企业绩效和决策的作用。然而,目前的文献对制度过程及其对企业的影响,尤其是政治体制的日常运作的理解仍然很肤浅。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
ACS Applied Bio Materials
ACS Applied Bio Materials Chemistry-Chemistry (all)
CiteScore
9.40
自引率
2.10%
发文量
464
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