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Trading Identities

Why Countries and Companies are Taking on Each Others' Roles

Companies and Countries are changing fast -and they are becoming more like each other. As countries develop their "national brands" to compete for investment, trade and tourism, mega-merged global companies are using nation-building techniques to achieve internal cohesion across cultures and are becoming ever more involved in providing public services like education and health. As companies and countries each adopt techniques which have been second nature to the other, Wally Olins asks what these cross-cutting trends mean for the new balance of global power. He explains why global companies are de-emphasising nationality, but seeking popular legitimacy by "talking soft" about their social impact and community involvement, while governments are increasingly talk about performance indicators and hard statistics.

As companies and countries each adopt techniques which have been second nature to the other, Wally Olins asks what these cross-cutting trends mean for the new balance of global power.