Industrialization and Economic Systems in Multinational Management

Abstract

To get a full understanding of any society, it is essential to understand both national culture and the institutional context. Toward this goal, we first looked at examining how both national culture and Social institution combine to form the national context that influences the business culture of any society. The research concluded with the theme that social institutional differences are going to be impor­tant now and in the future. We looked at the impor­tance of these social Institutions by showing how they are linked to most of the upcoming research. We concluded by arguing that successful multinational managers are those who can properly assess the institutional context of the society they operate in and design work environments that fit the institutional context. After reading this research we are be able to understand the national context, to understand the basic economic systems, to understand the basic stages of industrialization and implications for multinationals, to understand the world's basic religions, to develop an understanding of education and its effects on multinational operations; to understand the convergence perspective on organizations; to understand the importance of the national context.