SOSC 1340 Chapter 5: "Global Shift" Ch5 Summary
8 Feb 2013
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Task: read and summarize chapter 5 of global shift (2011, 6th edition) by peter dicken. Transnational corporations (tncs) are ones which control operations in more than one country. Tncs are said to be networks within networks, being complex in their relations and more difficult to manage than merely a national organization. Due to the number and degree of external forces that may be involved in a tncs" operations abroad, relationships need to be maintained with a high degree of care. Tncs are subject to certain benefits and downfalls, including: cultural influences and legislative restrictions by the host country; strong relationships between the business and the state (dicken, 123); partaking in internal and external relationship building. Tncs are often quite flexible; they maintain their recognizable points from the home country, but often alter goods or services based on the market in the host country. Internal relationship management is key in tncs and this may be achieved through non-traditional organizational structures.
