Hammond, Ross 2007. 2008. : Little, Brown, 1984) for similar interpretations. Journal of Strategy and Management, 7 (4) (2014), pp. Quinn, Dennis P. Reactive corporate political strategy Full text views reflects the number of PDF downloads, PDFs sent to Google Drive, Dropbox and Kindle and HTML full text views. Seek to continue the firm's economic survival or growth. Close this message to accept cookies or find out how to manage your cookie settings. For example, since California sets more stringent emissions standards for vehicles than most other states, manufacturers designing cars for the U.S. market must make sure their vehicles can pass these standards. 8 Truman, David, The Governmental Process (New York: Alfred Knopf, 1951). B. documented environmental problems that Boeing's operations have had in the state. Proactive corporate political strategy. The paper offers a comprehensive and integrative review of the current literature on corporate political strategies sharing common boundaries with finance, accounting and corporate governance. chap. As one corporate executive with experience in business-government relations says, "A company that is dependent on government that does not donate to politicians is engaging in corporate malpractice.". Oliver, C. and Holzinger, I. A New Perspective on Industry Concentration, The political activities of American corporate leaders, Corporate Political Action: Rethinking the Economic and Organizational Influences. New Evidence from the 1995 Lobby Disclosure Act, Globalization or National Capitalism: Large Firms, National Strategies, and Political Activities. Specifically, when local media coverage was more negative, it did not appear to affect political spending. Passage of regulations in large states like California, for example, can have nearly as much impact as a national regulation — making their passage far more significant for companies working nationally. See also Edsall, Thomas, The New Politics of Inequality (New York: W. W. Norton, 1984) and Berry, Jeffrey, The Interest Group Society (Boston, Mass. Mitchell, Neil J. In line with this, we found that the firms spent 70% more in states they operated in when national media coverage of their companies was more negative rather than less negative. In particular, media coverage can amplify misdeeds of companies across states, which worries managers who do not want to see new regulations. DILC Phase 1: Problem emergence and industry neglect, DILC Phase 2: Rising public attention and defensive industry responses, DILC Phase 3 Political debates, controversies and defensive hedging, DILC Phase 4 Formation and implementation of substantive policy and industry diversification, DILC Phase 5 Spillovers to the task environment and industry‘recreation’, “No carbon tax under the government I lead”, 1988 Australian Coal Association Conference, 2004 Energy White Paper aka “Securing Australia’s Energy Future”, Australian Business Roundtable on Climate Change, Four phases of (recent) party development in Australia, National Climate Change Summit 31 March 2007, Habermasian Political Corporate Social Responsibility, Long Term Coalition Opportunity Structures, New political Corporate Social Responsibility, Rawlsian political Corporate Social Responsibility, Short-Term constraints and resources of subsystem actors, “Useful” things I had to google to complete the FT weekend crossword, Australia as renewable energy superpower? Bennie, Lynn Firms spend to gain a seat at the 'legislative table' to communicate their interests. Y1 - 1999/10. Oliver, C. and Holzinger, I. Carey School of Business at Arizona State University. We use cookies to distinguish you from other users and to provide you with a better experience on our websites. We propose that performance will be enhanced or sustained by dynamic capabilities that operate to improve the efficiency, positioning, or credibility of the firm. 3. Perhaps because of the ready availability of apparently reliable data on corporate political contributions, most empirical studies of business political activity have concentrated on PACs. AU - Hitt, Michael A. PY - 1999/10. His background is a PhD in political economy from Virginia Tech University. 2007. The following are the basic types of political strategy. More directly, a corporate strategy determines the scope of a company’s activities and the manner in which a company’s business processes support company goals. Abstract views reflect the number of visits to the article landing page. Anticipatory corporate political strategy. This material may not be published, broadcast, rewritten or redistributed. "Public relations firms are routinely engaged to monitor activists and the media, because if you don't watch them, they can create regulatory change. and Regulation creates uncertainty for managers — which they don't like. 1993. 2009. 1991. Spending helps alleviate the uncertainty by influencing what regulation may be imposed. Report on ANU Energy seminar 24 September 2020, about abeyance – when your group death spirals, and the broader movement with it…, Every day is Groundhog Day for Australian climate politics #Auspol, Of #terrafurie, energy policy and groundhog day – #auspol #failedtransitions. That's an over five-fold increase. A new study we conducted with colleagues Trey Sutton and Bruce Lamont provides insight into the details of when and why corporations contribute to state gubernatorial and legislative candidates. D. Bach, D. AllenWhat every CEO needs to know about nonmarket strategy. Usage data cannot currently be displayed. Our research group heard that statement during a series of interviews with industry insiders that we conducted for a study on corporate political strategy and involvement in U.S state politics. This article is republished from The Conversation under a Creative Commons license. Borges, Bernhard Hansen, Wendy L. Shapiro, Robert Y. 2008. 6 Grant, Wyn, ‘The Organization of Capitalists in Britain's “Company State”: A Comparative Perspective’, paper presented to the American Political Science Association, Washington, DC, 09 1988. Schuler, Douglas A. You have to get ahead of it," an executive said. With one partial exception, political scientists have carried out little empirical research on corporate political activity. 1997. and and Contributions, Lobbying, and Committee Voting in the U.S. House of Representatives, The National Association of Manufacturers and the Militarization of American Conservatism, The Determinants of Industry Political Activity, 1978–1986, Corporate PAC Campaign Contributions in Perspective, When Do Firms Prefer Individual Action to Collective Action in The Pursuit of Corporate Political Strategy?
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