Decision-Making in Multinational Corporations

Decision-Making in Multinational Corporations PDF

Author: Jan Drahokoupil

Publisher:

Published: 2014

Total Pages: 0

ISBN-13:

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The article discusses key issues in international business strategy from a workers' perspective and relates these to existing frameworks for understanding decision-making in multinational corporations (MNCs). It begins by identifying key decisions in international business, discussing their interrelationships, and highlighting key empirical trends. Academic research in international business strategy can, it is pointed out, helpfully inform worker representatives and trade unions in the context of their work within MNCs in Europe. The article goes on to review existing frameworks for understanding how MNCs make decisions about the major strategic issues. Its focus is on five types of approaches: the resource-based perspective on the firm; transaction-cost economics; institutionalism; the network approach; and the actor-centred perspectives. It is argued that research on MNC strategies, insofar as it is aimed at informing trade unions and worker representatives and at evaluating the impact of their activities, should be based on frameworks that bring together these disparate paradigms.

International Business Management

International Business Management PDF

Author: Richard D. Robinson

Publisher:

Published: 1978

Total Pages: 824

ISBN-13: 9780030401817

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Monograph intended as a guide to decision making in multinational enterprise management - covers marketing, sales and supply strategy (incl. Purchasing), labour relations and working conditions, selection of overseas managers, and discusses ownership, financing and foreign investment, legal aspects, control strategy and performance appraisal, and the role of the enterprise in government policy, etc. Flow charts, graphs, references and statistical tables.

Decision Making in Multinational Companies

Decision Making in Multinational Companies PDF

Author: Khajag Garabet

Publisher:

Published: 2013

Total Pages: 0

ISBN-13:

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The concept of decision making has acquired a new dimension in the modern world of business. It is interpreted in various ways. Some consider it as an instrument of strategy, with tools and methods to implement the company's targets. Others regard it as a shift toward a more culture-centric or culture-oriented management. But it is mostly a method of adaptation to the new realities of the market - a market that has multiple forms and numerous cultural characteristics. Decision-making is also about the adoption of new skills in order to understand the evolution of the market. Thus, decision makers adopt their organization's philosophy, and apply the appropriate policies to solve issues. There are many different criteria that should be taken into consideration when defining the term ''decision-making'', including culture, which is one of the main factors having a significant influence given the current business environment. The objective of this study is to cast the light on this process through the prism of multinational organizations. The concept evolves in different spheres and business activities. Our methodology consists of a qualitative study on two multinationals; Transmed and PWC, the results of which reveal that culture has a positive influence in the process of decision-making.

Smart Decisions

Smart Decisions PDF

Author: Thomas N. Martin

Publisher: Springer

Published: 2016-04-29

Total Pages: 197

ISBN-13: 1137537000

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Today's world is complex and getting more so each day. Huge multinational corporations, international crisis and fast breaking events require most people to make decisions on a daily basis without the tools to understand the long term impact that today's decision might create. Because most people have never really been trained in how to make important complex decisions most people rely on experience, and 'gut reaction' which is okay for many decisions, but not okay for decision that will have meaningful impact on organizations and individual. Decision makers need to develop the art and science of strategic decision making. Here, Professor Thomas Martin explains the need for decision makers to modify their thinking about how they deal with acquiring and analyzing information in each of the decision-making process steps. This approach requiring thinking modification will lengthen the process, make it more complex, and to some more arduous, but the comprehensiveness of the new thinking approach should lead to improved and more effective decision making. In this book, Dr. Martin presents a thinking modification framework that asserts that in the decision-making process, there are three situational states — a current state, future state, and a transitional state that one must deliberate in finding a solution. For each of these situational states, Martin develops an identical five-step process to determine the best decision to make. The steps of this process include: • Change-Needing Situational Analysis • Challenge Framing & Causal Analysis • Generating Solution Ideas • Choosing a Solution Set • Implementation and Aftermath Planning This book will appeal to decision makers, leaders, and students of management who want a specific framework that details the process behind making strategic, well-informed decisions.

Politics and Power in the Multinational Corporation

Politics and Power in the Multinational Corporation PDF

Author: Christoph Dörrenbächer

Publisher: Cambridge University Press

Published: 2011-04-14

Total Pages: 465

ISBN-13: 1139500015

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This book was first published in 2011. The current financial and economic crisis has negatively underlined the vital role of multinational companies (MNCs) in our daily lives. The breakdown and crisis of flagship MNCs, such as Enron, WorldCom, Lehman Brothers, Toyota and General Motors, does not merely reveal the problems of corporate malfeasance and market dysfunction. It also raises important questions, both for the public and the academic community, about the use and misuse of power by MNCs in the wider society, as well as the exercise of power by key actors within internationally operating firms. This book examines how issues of power and politics affect MNCs at three different levels; the macro-level, the meso-level and the micro-level. This wide-ranging analysis shows not only that power matters but also how and why it matters, pointing to the political interactions of key power holders and actors within the MNC, both managers and employees.