Managing International Business in Relation Based versus Rule-Based Countries
This book summarizes the research in the past 10 years on how different governance environments at the national level affect business operations and management. Its primary audience includes executives who manage business across borders. Readers interested in international political economy and...
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| Autor principal: | |
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| Format: | Llibre |
| Idioma: | English |
| Publicat: |
Business Expert
2012
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| Matèries: | |
| Accés en línia: | https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/31112 |
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| Thư viện lưu trữ: | Thư viện Trường Đại học Đà Lạt |
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| Sumari: | This book summarizes the research in the past 10 years on how different
governance environments at the national level affect business operations
and management. Its primary audience includes executives who manage
business across borders. Readers interested in international political economy
and comparative culture may also fi nd it intriguing.
A country’s governance environment includes the political, economic,
and social systems that facilitate or constrain the way fi rms and individuals
govern their social exchanges and business activities. This book distinguishes
and examines the two major governance environments in the
world, the rule-based system (conventionally called the “Western way”)
and the relation-based system (the “Asian way”), and demonstrates that the
Asian way does not come from cultural heritage, but rather it is a result of
the particular stage of political and economic development in which public
rules are not fair and effective. The author argues that contrary to the conventional
view that dismisses the relation-based way as backward, it may be
effi cient under certain conditions. This book further shows that the success
of the relation-based way is not primarily based on the family but on a
more extended informal social network beyond the family.
This book discusses how business operations and investments are
protected and managed under relation-based governance and demonstrates
that some major management diffi culties and investment failures
in international business that were previously puzzling can now be clearly
explained by the lack of understanding of the key features of relation-based
governance. This book concludes with discussions on the transition from
relation-based to rule-based governance that many relation-based countries
are going through, the special challenges of the transition, and how businesses
and societies may successfully navigate through such a transition. |
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