ALLAN BIRD Californian Polytechnic State University, USAJULIAN BIRKINSHAW Stockholm School of Economics, SwedenSCHON BEECHLER Columbia University, USASEA-JIN CHANG Korea University, KoreaED DELANY E. Delany & Associates, IrelandWILLIAM EGELHOFF Fordham, USALUCIANO FRATOCHII University of Bologna, ItalyMATS FORSGREN Copenhagen Business School, DenmarkLIAM GORMAN Irish Management Institute, IrelandNEIL HOOD University of Strathclyde, UKULF HOLM University of Uppsala, SwedenJIATAO LI McKinsey, Hong KongSTEPHEN MCCORMICK Irish Management Institute, IrelandMARINA PAPANASTASSIOU Economic University of Athens, GreeceROBERT PEARCE University of Reading, UKTORBEN PEDERSON Copenhagen Business School, DenmarkPHILIP ROSENZWEIG IMD, SwitzerlandTROND RANDOY Agder College, NorwayBERNARD SURLEMONT University of Liege, BelgiumHELLMUT SCHUTTE INSEAD, FranceJAMES H. TAGGART University of Strathclyde, UKSULLY TAYLOR Portland State University, USA

One of the first books to specifically address the subsidiary development process

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

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.