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Making A Mundane Ceremony Into A Meaningful Organizational Ritual -- Re-Design Of Ribbon-Cutting Ceremonies For Overseas Manufacturing Projects

Author

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  • Igor Gurkov

    (National Research University Higher School of Economics)

Abstract

According to UNCTAD, the global number of foreign direct investment projects in manufacturing announced in 2018 reached 8049 (UNCTAD, 2019: 9-10). Although the real number of realized projects will be much smaller in 2020-2021 because of the global fall of foreign direct investments (UNCTAD, 2020: xi) the overall number of newly installed factories will be still counted in thousands. In many developing and emerging markets, especially in South-East Asia, Latin America and Russia, ribbon-cutting ceremonies for new facilities opened by foreign investors are mandatory. We ran a study identifying all videoed ribbon-cutting ceremonies for new facilities opened by foreign investors in Russia in 2012-2018. Using a detailed analysis of the content of speeches delivered by representative of foreign investors and representative of local authorities at those ceremonies, and information obtained through personal observations and interviews, we were able to discover the surface and deeper level meaning attaching to these ceremonies, to propose the definition of efficient plant-opening ceremonies and to demonstrate how it is possible to amend the design of such ceremonies to increase their effectiveness and also to increase mental coherence between the corporate center and oversea subsidiaries.

Suggested Citation

  • Igor Gurkov, 2020. "Making A Mundane Ceremony Into A Meaningful Organizational Ritual -- Re-Design Of Ribbon-Cutting Ceremonies For Overseas Manufacturing Projects," HSE Working papers WP BRP 62/MAN/2020, National Research University Higher School of Economics.
    • Handle: RePEc:hig:wpaper:62/man2020
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    More about this item

    Keywords

    organizational rituals; foreign direct investment; manufacturing; Russia;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration

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