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Institutions Behind Corporate Nonmarket Strategy
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Book Synopsis Institutions Behind Corporate Nonmarket Strategy by : Young Hoon Jung (Ph. D.)
Download or read book Institutions Behind Corporate Nonmarket Strategy written by Young Hoon Jung (Ph. D.) and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation examines firm behavior that seeks to reach new institutions or change existing institutions. I specifically extend the research on firm behaviors regarding institutions that are either unfriendly or hostile to these firms. The essays of this dissertation are devoted to firm behaviors that change institutions using the theoretical framework of nonmarket strategies, such as corporate political activity and corporate social responsibility, including environmental management. This dissertation is composed of three essays that capture these interests. The first essay (Chapter 1) probes the impact of private incentives that influence firm behaviors when lobbying for collective benefits from antidumping protection. Firms are often tempted to free ride on others’ contributions toward common interests. This collective action problem may also be found in corporate lobbying for antidumping protection. While the literature examines many examples of mitigated collective action problems, research on the impact of new private incentives is rare. This study leverages a natural experiment setting provided by an antidumping regulation called the Byrd Amendment in order to examine whether new private incentives encourage firms to secure benefits via their own individual lobbying. The second essay (Chapter 2) examines the new products of firms as a trigger for nonmarket strategies. This study investigates how firms’ new products lead to individual corporate lobbying for regulations that favor these new products. Firms creating new products may gain competitive advantages from new products. However, the novelty of such products may also involve the risk of failure in the market. According to this study, if carmakers introduce eco-friendly vehicles, then these firms would undertake lobbying for effective environmental protection in order to shape the institutional environment so as to favor the success of the new products. At the same time, firms’ engagement in lobbying for favorable regulations would be under the influence of an external factor regarding substitute products and an internal factor regarding firms’ integrity-based management practices. The third essay (Chapter 3) explores how firms’ nonmarket strategy of lobbying for private benefits of antidumping protection is influenced by the factors of market competition in which the lobbying firms engage. I analyze the Byrd Amendment as providing private incentives for antidumping protection in order to evaluate the question of why some firms are active, but other firms remain inactive with regard to antidumping protection lobbying. By leveraging the setting of the Byrd Amendment, I probe the impact of factors such as firms’ foreign-source profit, the degree of competition in the industry of firms, and firms’ organizational age toward lobbying for private benefits. I find that firms’ potential size of private benefits could affect the factors in a way that would increase lobbying for private benefits.
Book Synopsis Nonmarket Strategic Management by : Cosmina Lelia Voinea
Download or read book Nonmarket Strategic Management written by Cosmina Lelia Voinea and published by Routledge. This book was released on 2017-07-14 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategic management has traditionally concerned itself with delivering objectives based on an assessment of resources and the market environment. However, there are many actors considered ‘outside’ the firm that inevitably shape the dynamics within the market. Nonmarket strategies entail social, political, and legal arrangements that reinforce or enable market strategies, providing a comprehensive approach to improving performance and gaining a competitive advantage. This book introduces nonmarket strategic management within these contexts. Divided into two parts, the first part offers theories and managerial support for coping with the complex business realities surrounded by social, political and legal spheres; the second part presents examples of the challenges firms in the nonmarket environment. These examples show how firms can strategically manage and work with social, political and regulatory stakeholders to achieve their goals. Written by two leading scholars in the area, this book is essential reading for business students, managers and leaders.
Book Synopsis Nonmarket Strategy in Business Organizations by : John A. Parnell
Download or read book Nonmarket Strategy in Business Organizations written by John A. Parnell and published by Springer. This book was released on 2018-07-30 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores nonmarket strategy (NMS) in firms by invoking economic, political and philosophical perspectives. Featuring data from the USA, the UK, India, China, Mexico and other countries, the author links NMS to economic freedom, regional development, corruption and other national factors. Nonmarket strategy (NMS) refers to any part of a firm’s strategy that seeks to generate superior performance through means not directly associated with market activity, such as lobbying legislators, colluding with rivals to erect industry entry barriers and pursuing direct business-government partnerships. Decades ago, nonmarket factors comprised a minor, peripheral consideration in organizational strategy. Today, NMS is central to strategy development and execution. This phenomenon is driven by both corruption in emerging economies and cronyism in the developed world. Scholarly interest in NMS continues to increase and while much is known about the topic, some core questions still remain such as: Are there different drivers for and implications of proactive NMS versus defensive NMS? How do national environments influence firm decisions to pursue NMS? The data presented in the book explores many of these questions. Providing a comprehensive, multidisciplinary analysis that includes elements of management, economics, philosophy and social sciences, this book is beneficial for scholars, practitioners, students, academics and policy makers interested in NMS.
Book Synopsis Non-market Strategies in International Business by : Vikrant Shirodkar
Download or read book Non-market Strategies in International Business written by Vikrant Shirodkar and published by Palgrave Macmillan. This book was released on 2021-01-05 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Academy of International Business (UK and Ireland Chapter) Published in association with the UK and Ireland Chapter of the Academy of International Business. This book provides theoretical and empirical insights into non-market political and social strategies that firms use when conducting international business. Political strategies include activities such as lobbying, campaign contributions, and using political ties and connections as a means of influencing policy making. Likewise, firms also engage in various social responsibility activities to maintain a good image in society and to improve their legitimacy and reputation when operating globally. Multinational enterprises (MNEs) face various challenges in implementing non-market strategies due to institutional differences between their home and host contexts. Presenting fresh perspectives from a cast of international contributors, this book offers academics, students, and practitioners a greater understanding of how non-market strategies can be effective in international business.
Book Synopsis The Routledge Companion to Non-Market Strategy by : Thomas C. Lawton
Download or read book The Routledge Companion to Non-Market Strategy written by Thomas C. Lawton and published by Routledge. This book was released on 2015-04-24 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is commonplace for today’s transnational enterprises to undertake political risk analysis when choosing foreign markets and creating entry strategies. Despite this, non-market elements of corporate strategy are less well researched than the traditional market-based perspectives. Providing comprehensive and leading edge overviews of current scholarship, this Companion surveys the current state of the field and provides a basis for improving our understanding of the non-market environment, encouraging new insights to improve strategies for enhancing a firm’s performance and legitimacy. With a foreword by David Baron, the international team of contributors includes Jean-Philippe Bonardi, Bennet Zelner, and Jonathan Doh, who combine to create a book that is essential reading for students and researchers in business, management, and politics, including those interested in business regulation, environmental policy, political risk and corporate social responsibility.
Book Synopsis Non-market Strategies in International Business by : Vikrant Shirodkar
Download or read book Non-market Strategies in International Business written by Vikrant Shirodkar and published by Springer Nature. This book was released on 2019-12-21 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Academy of International Business (UK and Ireland Chapter) Published in association with the UK and Ireland Chapter of the Academy of International Business. This book provides theoretical and empirical insights into non-market political and social strategies that firms use when conducting international business. Political strategies include activities such as lobbying, campaign contributions, and using political ties and connections as a means of influencing policy making. Likewise, firms also engage in various social responsibility activities to maintain a good image in society and to improve their legitimacy and reputation when operating globally. Multinational enterprises (MNEs) face various challenges in implementing non-market strategies due to institutional differences between their home and host contexts. Presenting fresh perspectives from a cast of international contributors, this book offers academics, students, and practitioners a greater understanding of how non-market strategies can be effective in international business.
Download or read book A Look Behind the Curtain written by and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Both market and non-market actors may engage in institutional work, shaping the institutional environments in which they are embedded. Most research on firm strategies for altering or maintaining supportive institutional structures within a socioeconomic system examines the use of institutionalized practices for pursuing corporate interests in non-market arenas. But, anecdotal evidence suggests that some firms may employ less institutionalized strategies, risking their reputations to favorably shape the regulative, normative, and cognitive institutions that guide behavior in the industries to which they belong. This dissertation examines firms' use of extrainstitutional non-market strategies, exploring the phenomenon of corporate front groups - civil society organizations that appear to be independent, but that are formed, funded, or co-opted by firms or industries to advance corporate interests. Through two studies, this dissertation examines both what exactly front groups are, and when and why firms may use them. The first study presents an exploratory analysis, creating a typology of front group types and laying the groundwork for future research in this area. The results suggests that front groups may be used by firms in a variety of industries, often in response to a threat to an industry's institutional support, such as through legislative changes or a shift in public opinion. The second study builds theory from cases, investigating the response of incumbent electricity and energy firms to social movement pressure during the emergence of the wind energy industry in Colorado, Texas, West Virginia, and Virginia. The analysis suggests that although institutionally embedded firms are expected to conform to firm behavioral norms, when faced with activist pressure, they may be more likely to use front groups as a means for engaging in institutional work. Furthermore, the issue frames employed by activists appear to impact the type of front group that firm targets use in maintaining or defending their institutional support.
Book Synopsis The Routledge Companion to Non-Market Strategy by : Thomas C. Lawton
Download or read book The Routledge Companion to Non-Market Strategy written by Thomas C. Lawton and published by Routledge. This book was released on 2015-04-24 with total page 540 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is commonplace for today’s transnational enterprises to undertake political risk analysis when choosing foreign markets and creating entry strategies. Despite this, non-market elements of corporate strategy are less well researched than the traditional market-based perspectives. Providing comprehensive and leading edge overviews of current scholarship, this Companion surveys the current state of the field and provides a basis for improving our understanding of the non-market environment, encouraging new insights to improve strategies for enhancing a firm’s performance and legitimacy. With a foreword by David Baron, the international team of contributors includes Jean-Philippe Bonardi, Bennet Zelner, and Jonathan Doh, who combine to create a book that is essential reading for students and researchers in business, management, and politics, including those interested in business regulation, environmental policy, political risk and corporate social responsibility.
Author :Sebastian Frankenberger Publisher :Springer Science & Business Media ISBN 13 :3835093509 Total Pages :397 pages Book Rating :4.8/5 (35 download)
Book Synopsis Management of Regulatory Influences on Corporate Strategy and Structure by : Sebastian Frankenberger
Download or read book Management of Regulatory Influences on Corporate Strategy and Structure written by Sebastian Frankenberger and published by Springer Science & Business Media. This book was released on 2007-10-29 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sebastian Frankenberger analyses how regulatory actors influence corporate strategies and structures and how corporations may proactively manage regulatory involvement. He presents a theoretical framework that integrates market and political strategies and shows how corporations may influence institutional processes that impact their scope of operations. He also suggests options how management can navigate their business within institutional boundaries and how market and political strategies may be coordinated.
Book Synopsis Aligning for Advantage by : Thomas C. Lawton
Download or read book Aligning for Advantage written by Thomas C. Lawton and published by OUP Oxford. This book was released on 2014-02-27 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today's multipolar world economy, strategic alignment is a key determinant of competitive advantage. Coca-Cola, Danone, Diageo, DuPont, Lufthansa and Tata are some of the companies that strive for a pragmatic approach to balancing competitive strategies with political and social obligations. Aligning for Advantage argues that to build and sustain corporate success, companies must synchronize business objectives and market positions with political and regulatory activism and social and environmental engagement. Moreover, to be credible and realizable, these external market and nonmarket strategies need to be equally attuned with corporate vision, values, and culture. The book advances a managerial process and conceptual framework for aligning corporate strategy. In some cases alignment may mean deep, strategically embedded partnerships with governments, NGOs, or other stakeholders. In others, alignment may take the form of looser, temporary collaborations with outside organizations. No matter the approach, the relationship between nonmarket and market strategies should be deliberate and genuine, not accidental or artificial. Truly aligned strategies should reconcile and modulate sometimes conflicting external demands in a way that is appropriate for the corporation's geographic and market positions. In the end, companies must leverage their overall nonmarket strategy as a source of competitive advantage.
Book Synopsis Strategy Beyond Markets by : John M. de Figueiredo
Download or read book Strategy Beyond Markets written by John M. de Figueiredo and published by Emerald Group Publishing. This book was released on 2016-04-27 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategy Beyond Markets is organized around three themes: Public Politics, Private Politics, and Integrated Political Strategy. The book explores the way these strategies influence political environments, firms and corporations.
Book Synopsis Varieties of Capitalism by : Peter A. Hall
Download or read book Varieties of Capitalism written by Peter A. Hall and published by Oxford University Press. This book was released on 2001 with total page 557 pages. Available in PDF, EPUB and Kindle. Book excerpt: Applying the new economics of organisation and relational theories of the firm to the problem of understanding cross-national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterise the 'varieties of capitalism' worldwide.
Book Synopsis Theories of Strategic Nonmarket Participation by : David P. Baron
Download or read book Theories of Strategic Nonmarket Participation written by David P. Baron and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents theories of strategic nonmarket participation in majority-rule and executive institutions and develops from those theories a set of principles for nonmarket strategy. The theories are based on models of vote recruitment in client and interest-group politics and on models of common agency. The basic strategies developed are majority building, vote recruitment, agenda setting, rent-chain mobilization, majority protection, and competitive agenda setting and vote recruitment.
Book Synopsis The New Institutionalism in Strategic Management by : P. Ingram
Download or read book The New Institutionalism in Strategic Management written by P. Ingram and published by Elsevier. This book was released on 2002-08-23 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this exciting volume, a diverse and accomplished group of scholars work to integrate theories of institutions with strategic management. The research they present examines a wide range of industrial contexts, ranging from American retailing at the end of the nineteenth century, to German tax law at the beginning of the twenty-first.
Book Synopsis Effective Implementation of Transformation Strategies by : Angelina Zubac
Download or read book Effective Implementation of Transformation Strategies written by Angelina Zubac and published by Springer Nature. This book was released on 2022-09-23 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book sheds light on the processes and cognitions used by managers to successfully implement strategies while navigating the strategy and change interface. It applies the latest thinking from the resource-based literature, in particular the idea that high performing organisations have become adept at honing and utilising value creating dynamic capabilities. Key processes and cognitions help organisational leaders sense opportunities and threats as well as shrewdly seize strategic opportunities to advantageously enhance performance. The book also adopts an institutional view; that is, it assumes that organisations must satisfy their stakeholders while navigating a range of influences, including other organisations, markets, laws, quality standards, conventions, and cultural norms. This book conceptualises corporate strategy as an amalgam of four fundamental strategies: the organisation’s financial, customer value creation, resource, and non-market strategies. These strategies address the capital, product and services, and resource markets as well as various non-market institutions. Successfully integrating and implementing these four strategies allow organisations to enable their employees’ multidisciplinary talents. By approaching strategy in this way, the book demonstrates why it is important to monitor changes to the organisation’s strategic context and helps it identify the practices, collaborations, and projects necessary to achieve spectacular strategic change.
Book Synopsis Corporate Political Strategies of Private Chinese Firms by : Hao Ma
Download or read book Corporate Political Strategies of Private Chinese Firms written by Hao Ma and published by Routledge. This book was released on 2012-03-12 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about how Chinese entrepreneurs deal with China’s most important institution-the government-in their struggle to survive and even prosper in China’s transitional economy. It takes an "inside look" at several private firms in China and provides a first-hand account, as well as the underlying rationale and decision considerations, of their corporate political strategy. The book is based firmly on solid academic research but actually written with both practitioners and scholars in mind. It offers candid and insightful quotes and observations from the owners and executives of China’s private firms with regards to their dealing with the government. This book advances a typology of corporate political strategies based on the respective motivations of the business (the entrepreneurs and their firms) and the government (the government institutions and individual officials) as well as the modes of their interactions. Eight different types of political strategies by China’s private firms are identified and illustrated with real-life examples, ranging from one-night-stand, situational shopper, good ole friend, patronage seeker, model volunteer, institutional improviser, direct participator, to red hat insider. The book also dissects a living case and traces the development of one particular private firm, from its humble start-up to present day glory, which fittingly illustrates the evolution and dynamics of the various types of political strategies the firm employed at different stages of its growth. For anyone who wants to understand China’s private firms and the Chinese government, thus be able to deal with them more effectively, this book is a must-read.
Book Synopsis The Oxford Handbook of International Business Strategy by : Kamel Mellahi
Download or read book The Oxford Handbook of International Business Strategy written by Kamel Mellahi and published by Oxford University Press, USA. This book was released on 2021-01-07 with total page 519 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multinational enterprises must contend with increasingly challenging conditions in the international business environment. This Handbook explores how classic principles of international competitive strategy are transformed in today's markets and provides suggestions on how firms can develop effective strategies to respond to these transformations.
