Market-Driven Management: the Policy Implications
- Publisher: Symphonya. Emerging Issues in Management
Symphonya. Emerging Issues in Management,
1 Market-Driven Management and Global Markets - 1
(issn: 1593-0319, eissn: 1593-0300)
Market-Driven Management; Global Markets; Policy Implications; Industrial Policy; Global Competition; Sustainable Globalization | http://dx.doi.org/10.4468/2008.1.04bellini [Market-Driven Management; Global Markets; Policy Implications; Industrial Policy; Global Competition; Sustainable Globalization DOI]
The first policy implication of the diffusion of a Market-Driven Management approach is the same as the spreading of globalization, i.e. the obsolescence of industrial policies as traditionally designed and managed by Nation-States with the established toolbox of protectionism and subsidies, picking 'national champions', etc. The growing asymmetry between the physical jurisdiction of political bodies and the global operation space of modern corporations feeds the apparent trend toward company 'denationalization'.