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* Profiles firms at the forefront of corporate diplomacy
* Explores a fundamental challenge faced by managers of multinational corporations
* Presents new tools to help develop smarter corporate strategies for stakeholder engagement

Managers of multinational organizations are struggling to win the strategic competition for the hearts and minds of external stakeholders. These stakeholders differ fundamentally in their worldview, their understanding of the market economy and their aspirations and fears for the future. Their collective opinions of managers and corporations...

In this collection Witold Henisz provides readers with a set of tools for assessing the extent of political and regulatory risk faced by investment projects in a given country. Political risk is measured directly by examining the structure of a nation's political institutions and the preferences of the actors that inhabit them. The author also provides a critical analysis of the effectiveness of one common political risk mitigation strategy, partnering with a local firm. Democratic Russia, stable Zaire (until recently) and the low perceived risk of Indonesia in 1995, and their subsequent...

* Profiles firms at the forefront of corporate diplomacy
* Explores a fundamental challenge faced by managers of multinational corporations
* Presents new tools to help develop smarter corporate strategies for stakeholder engagement

Managers of multinational organizations are struggling to win the strategic competition for the hearts and minds of external stakeholders. These stakeholders differ fundamentally in their worldview, their understanding of the market economy and their aspirations and fears for the future. Their collective opinions of managers and corporations...

International business needs to begin taking geopolitical risks and opportunities much more seriously. A paradigm shift is now underway— the first of its kind since the late 1980s— that will likely separate the wheat from the chaff among companies across the globe for several decades. To ‘ be the wheat,’ companies will need to professionalize efforts to incorporate geopolitical realities into all aspects of their business. That can be done— but while most companies are presently haphazard in their approach, confused about...