StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Political Ideology and MNEs - Essay Example

Cite this document
Summary
Political Ideology and Multinational Enterprises The book International Business: Environments and Operations is a quality and standard scholarly work by the authorial team of John Daniels, Lee Radebaugh and Daniel Sullivan. It covers a broad range of topics and is fairly in-depth in its treatment…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97% of users find it useful
Political Ideology and MNEs
Read Text Preview

Extract of sample "Political Ideology and MNEs"

Download file to see previous pages

In the era of globalization, MNEs act as investors to local economies, either inducing or reducing capital based on perceived political conditions. For example, if an MNE perceives the political ideology of a local government to be hostile to business interests, it can simply pull out of the country and invest that capital at a more favourable country. Authors Daniels et al touch upon this important facet to business practice in their book. Just as governing political ideology have a say in MNE decision making, the converse is also true.

In this way, MNEs as a collective force hold a veto power over the decisions of governments. By collectively threatening to withdraw capital, MNEs can coerce governments into tailoring policies that suit their ends. Such is the world of real politic that often political ideology comes second to the imperatives of business needs. This other, more vicious, side to MNEs’ relationship to political ideology is not exposited in the book. This is a considerable omission, for, often, businesses operate in the world of real-politic and not stated political ideology.

The authors claim in their introduction to the book that their objective is to achieve an “effective balance between authoritative theory and meaningful practice.” But, disappointingly, this objective has not been met by virtue of the afore-stated omission. Just as Political Ideology has an impact on MNE operations, the local culture also has an impact. This facet to MNE management is brought to light by Redpath & Nielsen in their journal article titled ‘A Comparison of Native Culture, Non-Native Culture and New Management Ideology’ published in the prestigious French language journal Revue Canadienne Des Sciences De L'Administration.

One of the challenges facing MNEs when they enter a new market is dealing with local cultural sensibilities. There is no systematic approach to resolving this challenge. Often a charismatic leadership with a tactful and diplomatic approach toward understanding local culture works best. Daniels et al in their book on International Business do not deal with this component of MNE operations in any great detail. On the other hand, the article by Redpath & Nielsen does. They describe “Hofstede’s five key dimensions of national cultural differences and examine the connections between cultural values and management practices.

” (Redpath & Nielsen, 2007) Hofstede’s dimensions are then analyzed to “provide insights into the differences between Native and non-Native cultures and how Native organizations may draw on traditional cultural values to improve organizational effectiveness. In general, Native cultures are described as collectivist, egalitarian, adaptive, and tolerant. The argument is made that the cultural context in which Native organizations operate is in many ways more compatible with the new management ideology than is the society in which this ideology prevails.

” (Redpath & Nielsen, 2007) One of the drawbacks in the book by Daniels and his team is the lack of rigor in referring to economic theories that are the backbone of modern business. For example, the major principles of capitalism as laid down by Adam Smith, and which are still central to modern business operations, do find much mention at all. It should be remembered that capitalism is as much a political ideology as it is an economic system. In the era of neoliberal capitalism, this sparse treatment of theory by Daniels et al is a

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Political Ideology and MNEs Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Political Ideology and MNEs Essay Example | Topics and Well Written Essays - 750 words. Retrieved from https://studentshare.org/management/1480264-political-ideology-and-mnes
(Political Ideology and MNEs Essay Example | Topics and Well Written Essays - 750 Words)
Political Ideology and MNEs Essay Example | Topics and Well Written Essays - 750 Words. https://studentshare.org/management/1480264-political-ideology-and-mnes.
“Political Ideology and MNEs Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/management/1480264-political-ideology-and-mnes.
  • Cited: 0 times

CHECK THESE SAMPLES OF Political Ideology and MNEs

Puritan Ideology and the American Society

Puritans who settled in Massachusetts Bay Colony followed their own ideology and practices in particular.... They could not comprehend the ideology of the Church of England and hence they also strongly condemned certain religious practices and doctrines.... According to Bradstreet, puritan ideology had an extraordinary or outstanding significance.... The Puritan ideology was acceptable to many... The group had profound social, political, and cultural effects on the American society since 17 century....
4 Pages (1000 words) Essay

Black Theology and Sexual Theology

The researcher of this descriptive essay mostly focuses on the discussion of the topic of Black Theology of Liberation and Sexual Theology in America, and how different scholars approach them.... The author tells about difference in religions, which led to differences in beliefs.... hellip; The author of this analytical essay assumes that the United State's history is one filled with challenges in racial differences in most of country's undertakings....
10 Pages (2500 words) Essay

Concept of Ideology and Discourse

The author concludes that ideology cannot be promoted or assimilated without discourse, whether written or spoken.... nbsp;… The notion of ideology is a product of knowledge which extends itself from thought to experience, based on the dualism action theory oscillating between action and consciousness.... As per Cambridge Advanced Learner's Dictionary online the word ideology is enumerated or defined as a noun [C or U] A theory, or set of beliefs or principles, especially one on which a political system, party or organization is based....
10 Pages (2500 words) Term Paper

Karl Prosenescent Ideology

This paper ''political ideology'' tells that The term political ideology was coined by a French enlightenment aristocrat called Antoine Destruct de Tracy.... He began to attract the attention of the people by the memory of his comprehensive work “Eléments d'idéologie”, which form the first draft on ideology.... hellip; He defines ideology as the “science of ideas” and did not conceive of the term as uncomplimentary, which it has since become....
10 Pages (2500 words) Essay

Political Views on FDI

These are radical view, the pragmatic nationalism view, the free market view and the shifting ideology view (Anderson, 2009). The Political Views on FDI Number Introduction and Differentiating Among the Political Views on FDI Knownfully as the Direct Foreign Investment, FDI virtually takes place when a firm directly invests in facilities, so as to produce or market a product or a service in a foreign country.... These are radical view, the pragmatic nationalism view, the free market view and the shifting ideology view (Anderson, 2009)....
1 Pages (250 words) Essay

How does family and our families ideology influence frame our idea of society

On the other hand, family ideology is the set of beliefs forming the basis of the family functioning.... These two, the family and the family ideology, to a large extent influence the way an individual think, feel and act in the This research paper indicates some of the literature attesting that this is true (Andersen and Taylor 34)....
5 Pages (1250 words) Research Paper

Have Power and Ideology Been Used to Achieve Consensus in India

ideology and power continue to be exercised in India to create popular consensus.... This report "Have Power and ideology Been Used to Achieve Consensus in India" discusses the electoral successes of the BJP during the late 1990s that suggest that right-wing ideology still has currency in Indian polity.... And recent Indian governments have projected America-led neoliberal capitalist ideology as something benign and progressive in garnering electoral consensus....
6 Pages (1500 words) Report

Ideology of Arab World

The author of this paper "ideology of Arab World" discusses the historical evolution of the Arab ideology, socio-political and religious factors – impact on Arab Nationalism,  the process of evolution of Arab Nationalism, the league of Arab nations, the reasons for Arab Nationalistic movements.... It is worth mentioning that apart from the aforementioned reasons; the presence of Islam and its role in the formation of a traditional form of society and politics lies at the heart of the Arab ideology....
17 Pages (4250 words) Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us