Detail Word Subsidiaries

the worldwide operations of highly differentiated networks of affiliates and subsidiaries, manage financial activities globally, and create political leverage in

own or “homogenized” culture right across the local enterprises and subsidiaries that make up its global organization. Global brand is

stronghold). (cid:1) maximizing the autonomy of the company’s foreign subsidiaries, such that each one can (i) reap the benefits

Industrial group sales were international, and the group has manufacturing subsidiaries in various parts of western and central Europe, as

exporting products for sale in other countries, to full manufacturing subsidiaries such as the Kia example in the US. There

conduct their business. It tends to align the behaviour of subsidiaries organizational goals with the tools of centralization, formalization and

executives anywhere in the world and to the actions of subsidiaries they control. It also 59 Samuel Rubenfeld, “Corporate AntiCorruption

posts with local people. Parent companies who staff their overseas subsidiaries with local nationals always have the scope to ‘parachute

and financial assets to build an organization of whollyowned subsidiaries over time and the existing market power to move

is important to develop systems, processes, and proce dures across subsidiaries. Many companies have subsidiaries in different countries. Determining if

takes the form of a “federation” of decentralized companies and subsidiaries owned (or partowned) by the parent. Multidomestic

and geocentric. These are explained below: 1 Ethnocentric: In this approach, subsidiaries have little autonomy with strategic decisions being made at

companies, relatively autonomous and entrepreneurial proﬁt centres, but seen as subsidiaries of the national enterprises. Each company president answered to

and others provide similar typologies of the roles played by subsidiaries of MNEs. Birkinshaw and Morrison summarize this train of

Earnings in equity interests Minority interests in operations of consolidated subsidiaries Net income Net income per sharebasic Net income

and Nohria and Ghoshal (1997) called for explicit recognition that different subsidiaries would have different strategic roles in the transnational or

summary, as geographical units mature and become divisions and integrated subsidiaries, one will ﬁnd in them a number of cultural

corporate restructuring may call for spinning off some departments into subsidiaries as a means of creating a more effective management

by legislation or by other organisations in the form of subsidiaries. The rate of organisational birth will be affected by

Brewing Company is the principal holding company, and its operating subsidiaries include Molson Canada, Coors Brewing Company, and Coors Brewers

not act like a normal GM of one of our subsidiaries. I had to involve the China expert again. The

for Just in Time manufacturing, government reporting systems and overseas subsidiaries passing and receiving information to and from the parent

cost efficiency and experience described in detail in Chapter 23. Overseas subsidiaries ( if any) are (at least initially) likely to be

of international alliance issues such as alliances versus whollyowned subsidiaries for geographic market entry; crosscultural management and alliance

level of local ownership by foreign firms. (cid:1) whollyowned subsidiaries of the company. The relative degree of autonomy of

decentralize the management of the subscriptions in its four regional subsidiaries. Each subscription site will handle its own customer and

s to shift traditional headquarters functions abroad to these same subsidiaries. These functions included research and development, finances, and executive

headquarters is shrinking and strategic leadership is migrating to the subsidiaries. These new concepts of multinational corporate structuring suggest a

the fiscal auditing of all the largest companies and their subsidiaries. Benefits of this approach are that large companies present

the worldwide operations of highly differentiated networks of affiliates and	subsidiaries,	manage financial activities globally, and create political leverage in
own or “homogenized” culture right across the local enterprises and	subsidiaries	that make up its global organization. Global brand is
stronghold). (cid:1) maximizing the autonomy of the company’s foreign	subsidiaries,	such that each one can (i) reap the benefits
Industrial group sales were international, and the group has manufacturing	subsidiaries	in various parts of western and central Europe, as
exporting products for sale in other countries, to full manufacturing	subsidiaries	such as the Kia example in the US. There
conduct their business. It tends to align the behaviour of	subsidiaries	organizational goals with the tools of centralization, formalization and
executives anywhere in the world and to the actions of	subsidiaries	they control. It also 59 Samuel Rubenfeld, “Corporate AntiCorruption
posts with local people. Parent companies who staff their overseas	subsidiaries	with local nationals always have the scope to ‘parachute
and financial assets to build an organization of whollyowned	subsidiaries	over time and the existing market power to move
is important to develop systems, processes, and proce dures across	subsidiaries.	Many companies have subsidiaries in different countries. Determining if
takes the form of a “federation” of decentralized companies and	subsidiaries	owned (or partowned) by the parent. Multidomestic
and geocentric. These are explained below: 1 Ethnocentric: In this approach,	subsidiaries	have little autonomy with strategic decisions being made at
companies, relatively autonomous and entrepreneurial proﬁt centres, but seen as	subsidiaries	of the national enterprises. Each company president answered to
and others provide similar typologies of the roles played by	subsidiaries	of MNEs. Birkinshaw and Morrison summarize this train of
Earnings in equity interests Minority interests in operations of consolidated	subsidiaries	Net income Net income per sharebasic Net income
and Nohria and Ghoshal (1997) called for explicit recognition that different	subsidiaries	would have different strategic roles in the transnational or
summary, as geographical units mature and become divisions and integrated	subsidiaries,	one will ﬁnd in them a number of cultural
corporate restructuring may call for spinning off some departments into	subsidiaries	as a means of creating a more effective management
by legislation or by other organisations in the form of	subsidiaries.	The rate of organisational birth will be affected by
Brewing Company is the principal holding company, and its operating	subsidiaries	include Molson Canada, Coors Brewing Company, and Coors Brewers
not act like a normal GM of one of our	subsidiaries.	I had to involve the China expert again. The
for Just in Time manufacturing, government reporting systems and overseas	subsidiaries	passing and receiving information to and from the parent
cost efficiency and experience described in detail in Chapter 23. Overseas	subsidiaries (	if any) are (at least initially) likely to be
of international alliance issues such as alliances versus whollyowned	subsidiaries	for geographic market entry; crosscultural management and alliance
level of local ownership by foreign firms. (cid:1) whollyowned	subsidiaries	of the company. The relative degree of autonomy of
decentralize the management of the subscriptions in its four regional	subsidiaries.	Each subscription site will handle its own customer and
s to shift traditional headquarters functions abroad to these same	subsidiaries.	These functions included research and development, finances, and executive
headquarters is shrinking and strategic leadership is migrating to the	subsidiaries.	These new concepts of multinational corporate structuring suggest a
the fiscal auditing of all the largest companies and their	subsidiaries.	Benefits of this approach are that large companies present