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Globalization &; Partnerships
Features of Business Alliances & International Cooperation1739
Growing economic globalisation has increased international business competition and international economic interdependence. From this perspective, many firms have formed business partnerships and most nations have had to re-evaluate their economic interdependence. This book explores changes that have occurred or have been proposed in this regard. It provides new insights into business partnerships and international economic interdependence, given growing economic globalisation, and explores the managerial and socio-economic consequences of those ideas. The contributions in this book have been divided into four parts. Those in Part II concentrate on the specification of partnerships and reasons for business partnerships in the context of a globalisation. The idea of global networks in which some "hard" and "soft" forms of partnerships would appear and mix is introduced and discussed according to the partners involved (nations, unions, firms and consumers) and the economic activities (whether tangible or abstract). Globalisation also has a number of consequences for business co-ordination, in particular when they are based on outsourcing strategies in which cost reduction is balanced with knowledge transfers. These are amongst the issues explored in Part III. The difficulty to monitor and predict the effects of global partnerships tends to increase the importance of cultural and psychological variables such as trust and commitment. Therefore the role of attitudes and perceptions is very important. Whatever the agreement and the conjoined management among partner firms, the attitude of the other agents can produce asymmetric affects on these firms and considerably bias their partnership strategy. Such biases are particularly likely from consumers. Their attitude towards globalisation is not the only bias that may occur. Their loyalty is also an important issue in a globalising world, particularly in the service sector where lots of partnerships have been made on a global scale (eg banks, airlines, leisure). These are amongst the relationship marketing issues explored in Part IV. In Part V, the factors introduced in the previous chapters are considered from a regional and cultural perspective, where nations and regions themselves are engaged in global partnership. In this context, discrepancy often develops between the domestic and the international globalisation strategies, as well as between the capital and labour markets. The resulting complexity is particularly problematic for the developing and peripheral economies. Novel insights about partnership emerge, as studied in this concluding part of the book.
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Preface; Globalisation and partnerships: an overview; Business partnerships in a globalising world: economic considerations; Globalisation: the end of industrial relations; Extending the mind and body of the firm through global partnerships; Networks, tacit knowledge, and innovation; Comparison of decision-problem solving methods for global supply chains; Partnerships in remote services: the cost of call centres on Reunion Island; Dyadic analyses of international business relationships; Trust or predictability in international small business partnerships?; An assessment of the role of trust and satisfaction in global business partnership; A structural model of consumer's sensitivity to globalisation; The effect of globalisation on the image of partner brands; Consumer segmentation for globalising firms; Contract-based loyalty programs: arranging partnerships to achieve strategic business objectives in global markets; Implications of the causal link between exports and economic growth for globalisation of the Mauritian Economy; The insular and the global: Understanding industrial dynamics in Mauritius; Economic globalisation and foreign direct investments in South-West Indian Ocean: Are the usual determinants still relevant?; Index.