Foreign Policy interviews Steve Coll about his new book Private Empire, which is about ExxonMobil's ongoing dominance. Coll explains the company's competitive strategy, which it relies on when competing against other companies for African contracts as well as with state-owned oil companies in the Middle East: I also think that the way they win these deals in a place like Chad or Papua New Guinea or Angola is, in effect, they go to the host country and say: "Look, we recognize that you can deal with the Chinese, and you'll get soft loans and guns and things that you think are more valuable than what we can offer you, but what you'll also get is really lousy project management.
This post is part of a virtual book club series dedicated to The Lords of Strategy. Yesterday I wrote about competition and how companies used to not benchmark themselves against their competition. Today this is common practice. I’v... Read Post
[Editor’s Note: We had written about this earlier, when the Finance Ministry had given the approval, but was not implemented. Now, it has been officially implemented as part of FDI policy] In a major change in India’s Foreign Direct... Read Post
Paul Pillar ponders Steve Coll's new book on ExxonMobile: A corporation such as ExxonMobil that has interests that do not coincide with any one country—even its home country—and is as large and powerful as many states, needs to be t... Read Post