Growth in the internationalization of economic activity has favoured an increase in institutional control at a supranational level. A typical example of such institutions that wield this control is corporate professions such as Project Management (PM). Attempting to replicate the successful strategies of the collegial professions but embracing advantages presented by global markets, corporate professions is confronted by the dilemma of how to reconcile the demands of stakeholders at both national and global levels. This research investigates an international corporate profession, PM, and its development within Italy using a historical case study. Results shows an increase in the number of regulations faced by international corporate professions as they attempt to satisfy a number of different institutions (and their competing agendas) while attempting to colonize a national context. This we define as ‘professional regulatory entanglement’. It concludes that what was once a simple bargain involving two actors, the state and the profession, with a long established, commonly agreed and mutually beneficial agenda is now a much more complex system involving multiple actors and a number of competing agendas and this results in the homogenization of professional practice across the globe.
- Corporate profession
- professional regulatory entanglement
- Project management
- supranational institutions
- Supranational institutions
- Professional regulatory entanglement