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This book is one of the first to specifically address the subsidiary development process - a phenomenon by which multinational company subsidiaries enhance their resources and capabilities. It shows how this process is integral to multinational corporate evolution, which is largely driven by changes in subsidiaries and their development. It also illustrates how the recent trend towards greater international dispersal of value-adding activities has impacted on this process and on multinational evolution as a whole.

Multinational Corporate Evolution and Subsidiary Development

Introduction and Overview; J. Birkinshaw & N. Hood PART 1: CORPORATE STRATEGY AND SUBSIDIARY DEVELOPMENT Identification and Development of Strategy at Subsidiary Level; J. H. Taggart Individualism and Interdependence in the Technological Development of MNEs: the Strategic Positioning of R&D in Overseas Subsidiaries; M. Papanastassiou & R. Pearce Global Resource Flows and MNE Network Integration; T. Randoy & J. Li Between Headquarters and Subsidiaries: the RHQ Solution; H. Schutte PART 2: CENTRES OF EXCELLENCE IN MULTINATIONAL NETWORKS Centres of Excellence in Multinational Companies: the Case of Denmark; M. Forsgren & T. Pedersen A Typology of Centres within Multinational Corporations: an Empirical Investigation; B. Surlemont Centres of Excellence in the International Firm; L. Fratocchi & U. Holm PART 3: CORPORATE PROCESS AND SUBSIDIARY DEVELOPMENT Using Technology as a Path to Subsidiary Development; W. G. Egelhoff, L. Gorman & S. McCormick Strategic Development of Multinational Subsidiaries in Ireland; E. Delany Foreign-Owned Subsidiaries and Regional Development: the case of Sweden; J. Birkinshaw Functional and Line of Business Evolution Processes in MNC Subsidiaries: Sony in the United States; S-J. Chang & P. Rosenzweig Organizational Learning in Japanese MNCs: Four Affiliate Archtypes; S. Beechler, A. Bird & S. Taylor Conclusions and Policy Implications; N. Hood & J. Birkinshaw