Published online by Cambridge University Press: 27 January 2009
The United Kingdom's economy is relatively highly concentrated and the importance of decisions taken by very large firms for the economy as a whole encourages direct contacts between government and such firms. The scale and importance of such direct contacts has created a need within very large firms for a specialized capability to interpret the external political environment, and to relate that appreciation to the development of the firm's corporate strategy. A number of large firms in the United Kingdom have developed specialized government relations divisions in the last ten years. The titles of such divisions vary, but their most important function is the strategic co-ordination of the firm's relationships with government and other political actors.
1 See the work of the Conference Board in this area, in particular McGrath, P. S., Redefining Corporate-Federal Relations (New York: Conference Board, 1979).Google Scholar
2 Boddewyn, J. J., ‘The External Affairs of Transnational Firms: a Research Note’, Management International Review, XVI (1976), 47–57.Google Scholar