How to Develop a Corporate Foreign Policy for Multinational Companies


 
Glocalization > Forum > How to Develop a Corporate Foreign Policy for Multinational Companies

How to Develop a Corporate Foreign Policy for Multinational Companies
Chloe Xu, Australia, Premium Member
Geopolitics is back. Avoiding politics used to be a preferred approach for international companies to protect their interests or gain reputation. However, the reality of the 21st century is that such companies cannot escape politics, nor can they continuously pretend to be politically neutral.

In this context, any company operating in or trading with different countries and regions needs to develop a corporate foreign policy that
  1. Ensures its business success through careful geopolitical due diligence.
  2. Improves its ability to operate in unfamiliar environments through effective corporate diplomacy.
PRINCIPLES OF GEOPOLITICAL DUE DILIGENCE
  • Assess transnational risk
  • Keep an eye on regional political trends
  • Assess local in-country risk
  • Keep aware of home and near-abroad risk
PRINCIPLES OF CORPORATE DIPLOMACY
  • Develop the company’s own propositio...Sign up
 

 
The Need for a Corporate Foreign Policy
Anonymous
In the past, foreign policy used to be practiced only by statesmen. But no longer. In an increasingly globalized economy where much of the growth pote...Sign up 20-6-2019
 

     
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