No business is an island, detached from the social and national context in which it operates. Indeed, the very culture of enterprise that underlies the actions of a business is heavily influenced by this context. These would seem to be statements of which any business owner or manager should be well aware; however, it is important to fully understand their meaning and their implications, particularly with a view towards developing areas and emerging markets, those to which Italian and other European firms may be focusing more attention so as to take advantage of any opportunities there may be.<\/p>\n
In the study \u201cIndustrialization and Economic Systems in Multinational Management<\/strong>\u201d published in the Journal of Global and Scientific Issues in September, Abhishek Gupta<\/strong> (one of the heads of the National Institute of Renewable Energy in Punjab, India) provides an interesting analysis of these connections between \u201cnational culture\u201d and the \u201cinstitutional context\u201d and \u201cbusiness culture\u201d. In essence, the study looks at the connection between culture of enterprise and a nation\u2019s culture and social institutions. According to the author, a company\u2019s culture is heavily influenced by the national context in which it operates. Abhishek Gupta identifies a number of aspects that businesses \u2013 especially multinationals or other businesses that come from other contexts \u2013 need to take into consideration. The first and foremost of these are the country\u2019s economic system, its level of industrialisation, and even the nation\u2019s religion(s), its education system and its attitude towards globalisation. \u00a0The study then looks at how these aspects interact based on the stage of development the given society is in.<\/p>\n One of the conclusions is that, as Abhishek Gupta writes, \u201csuccessful multinational managers are those who can properly assess the institutional context of the society they operate in and design work environments that fit the institutional context\u201d. In other words, when a business sets foot in a different setting, those governing it must take a close look at the context surrounding them. This work by Abhishek Gupta explains why from an Indian point of view.<\/p> Industrialization and Economic Systems in Multinational Management\u00a0<\/strong><\/p>\n Abhishek Gupta<\/em><\/p>\n Journal of Global & Scientific Issues, Vol. 1, Issue 3 (September 2013)<\/p>\n","protected":false},"excerpt":{"rendered":" No business is an island, detached from the social and national context in which it operates. Indeed, the very culture of enterprise that underlies the actions of a business is heavily influenced by this context. These would seem to be statements of which any business owner or manager should be well aware; however, it is […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56,57],"tags":[],"class_list":["post-49572","post","type-post","status-publish","format-standard","hentry","category-corporate-culture","category-insights"],"acf":[],"yoast_head":"\n