Internal and external conditions of GR-strategy implementation

Abstract

© 2019, Research Trend. All rights reserved. This article is concerned with the basic conditions that ensure the formation of favorable partnering relationships between business representatives and government authorities. Today there is a situation when business becomes a key social institution that exercises a significant influence on economic and political processes. The existence of government intervention in the economy and the creation of a legal framework for the activities of business structures explains the existence of companies’ objectives, such as improving relations with the state. The article based on the neo institutional approach analyzes the interaction of government and business in the countries with developed and developing economies. In addition, it reveals the significance of internal and external conditions for the effective implementation of the GR-strategy, including the causes that lead to conflict generation within diversified companies and external conflicts occurring between government agencies and business representatives. Particular attention is given to the need for a conflict-free environment for the development of the GR, recommendations on conflict resolution.