Multinational Corporate Strategy-making: Integrating International Business and Strategic Management

Torben Juul Andersen, Ulf Andersson

    Publikation: Bidrag til bog/antologi/rapportBidrag til bog/antologiForskningpeer review

    Abstract

    This chapter contends that the international business (IB) and strategic management (SM) fields have many commonalities that should be considered in a turbulent globalized business context. IB studies refer to the need for local integration and local adaptation whereas empirics in SM pinpoint the complementary effects of central planning and decentralized decision-making. We present and synthesize these rather field specific perspectives and try to synthesize insights from both fields in an adaptive strategy-making model including the effects of autonomous subsidiary initiatives and intended mandates from corporate headquarters. The model considers local subsidiary actions of both operational and strategic nature and we argue that it may be futile to distinguish between these effects as incremental operational responses can cumulate into more substantial changes over time with dimensions of strategic adaptation. The model provides a foundation for further considerations about how to combine central intent and direction with decentralization and autonomous initiatives in the multinational corporation.
    OriginalsprogEngelsk
    TitelThe Responsive Global Organization : New Insights from Global Strategy and International Business
    RedaktørerTorben Juul Andersen
    Antal sider22
    UdgivelsesstedBingley
    ForlagEmerald Group Publishing
    Publikationsdato2017
    Sider13-34
    Kapitel1
    ISBN (Trykt)9781787148321
    ISBN (Elektronisk)9781787148314, 9781787432673
    DOI
    StatusUdgivet - 2017
    NavnEmerald Studies in Global Strategic Responsiveness
    Vol/bind1

    Emneord

    • Central coordination
    • Decentralized decision-making,
    • Global integration
    • Interactive strategy-making
    • Local adaptation
    • Subsidiary autonomy

    Citationsformater