Headquarters-subsidiary Relationship Governance in Emerging Markets of Central Eastern Europe PDF Free

Headquarters-subsidiary Relationship Governance in Emerging Markets of Central Eastern Europe PDF
By:Joanna Sylwia Hendriks-Guść
Published on 2007 by Wageningen Academic Pub

Multinational enterprises often seem to be on a 'roller coaster? when managing their operations in transition economies, especially because of the volatile business and political environment. By combining agency and stewardship theory, this book describes the subtle equilibrium between formal control and day-to-day coordination in the Headquarters-Subsidiary (HQ-S) governance relationship. Using the Polish situation as an example, it places HQ-S governance in the context of a transitional economy while taking the cultural differences between the headquarters and subsidiary country into account.This explorative empirical study shows that the use of strategic and operational control mechanisms work as a transparent 'platform? on which coordination and attuning mechanisms can be build to deal with the day-to-day management challenges in a transition economy. Creating flexibility and learning capabilities at the subsidiary level, rather than maintaining a subsidiary in a state of dependence can clearly contribute to the success of international operations. However, it also reveals that there is no simple and uniform recipe for managing subsidiaries. The road from governance to performance is not a one-way street and alternative routes are available to accelerate performance.This book is a valuable resource to all directors and managers of multinational enterprises, as well as academic researchers who concern themselves with the study of multinational enterprises in transition economies.

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Book which was published by Wageningen Academic Pub since 2007 have ISBNs, ISBN 13 Code is 9789086860494 and ISBN 10 Code is 9086860494

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