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022 _a1532-9194
040 _aTBS
_bEN
_cTBS
041 _aeng
100 _aBach, David
_927091
_eauthor
245 _aWhat every CEO needs to know about nonmarket strategy
_c/ David Bach, David Bruce Allen.
260 _bMIT Sloan Management Review,
_c2010
300 _a41-48 pages.
362 _aMIT Sloan management review, 2010-03, Vol.51 (3), p.41-48
520 _a Nonmarket strategy recognizes that businesses are social and political beings, not just economic agents. Because companies create and distribute value, a plethora of actors seek to influence them - formally, through laws and regulation, and informally, through social pressure, activism and efforts to shape the public perception of business. Companies can't escape this. Smart executives, therefore, engage with their social and political environment, helping shape the rules of the game and reducing the risk of being hemmed in by external actors. Yet, few companies are prepared to do the hard work and commit long term to developing an effective nonmarket strategy. Fewer still understand how to integrate market and nonmarket strategies to sustain competitive advantage. Defending intellectual property rights and demonstrating good corporate citizenship are just two of the many nonmarket issues facing CEOs.
630 0 _aMSc International Business
_926977
650 0 _aSocial responsibility of business
_92683
650 0 _aCorporate governance
_97297
650 0 _aCorporate culture
_95314
650 0 _aOrganizational change
_xManagement
_93673
700 _aAllen, David Bruce
_927093
_eauthor
856 _uhttps://research.ebsco.com/linkprocessor/plink?id=631c6175-d0c3-3164-8529-b3cea4e32ea0
942 _2lcc
_cARTICLE
999 _c5208
_d5208