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Corporate Diplomacy and Exit Strategies

In: BUSINESS AND POLICY CHALLENGES OF GLOBAL UNCERTAINTY European Perspectives

Author

Listed:
  • Mike W. Peng
  • Jing Li
  • Daniel Shapiro

Abstract

Corporate diplomacy refers to the use of non-market (political and social) strategies by firms to both respond to and potentially shape country diplomacy. Like country diplomacy, corporate diplomacy demands a constant and delicate balancing act. This chapter highlights the importance of corporate diplomacy in the exit strategies of multinational enterprises (MNEs), especially during periods of diplomatic tensions between the MNEs’ home and host countries. We introduce a framework supported by four case examples that illuminate how MNEs can manage stakeholder pressures from different countries by improving their corporate diplomacy endeavors. In a world marked by escalating geopolitical tensions among major economies, establishing best practices in corporate diplomacy becomes indispensable for MNEs as they navigate the complexities of exiting from or sustaining their presence in a given country.

Suggested Citation

  • Mike W. Peng & Jing Li & Daniel Shapiro, 2025. "Corporate Diplomacy and Exit Strategies," World Scientific Book Chapters, in: Torben J Andersen & Edward Ashbee & Bent Petersen (ed.), BUSINESS AND POLICY CHALLENGES OF GLOBAL UNCERTAINTY European Perspectives, chapter 16, pages 397-408, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9781800616226_0016
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    More about this item

    Keywords

    Business Ecosystems; China; Corporate Diplomacy; Deglobalization; Data Regulation; Economic Sanctions; EU Chips Act; India; Money Laundering; Microchips; Multinational Enterprise; Public Responses; The European Automotive Industry; The Global Chip Industry; The Global Shipping Industry; Transnational Management; Uncertainty;
    All these keywords.

    JEL classification:

    • F2 - International Economics - - International Factor Movements and International Business
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F5 - International Economics - - International Relations, National Security, and International Political Economy

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