The Foreign Subsidiary

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This book delves into international management with a particular emphasis on foreign subsidiaries, which are crucial components of multinational corporations (MNCs). As MNCs increasingly rely on their foreign operations for future revenue and profit growth, the foreign subsidiary emerges as a key player in ensuring the organization's longevity and expansion. The text explores how MNCs and their foreign subsidiaries can fulfill their roles in broadening business horizons globally while facilitating the exchange of people, values, ideas, knowledge, and various resources across borders. The contents include discussions on MNC strategies, the decision-making processes within foreign subsidiaries, and the dynamics of relationships between MNC headquarters and these subsidiaries. It emphasizes the importance of nurturing headquarters for fostering entrepreneurship and innovation. The book also addresses formulating international growth strategies, managing competitiveness, and overcoming entrepreneurial challenges. Additionally, it covers training expatriates for emerging markets, strategic international human resource management, and corporate social responsibility in diverse cultural contexts. Ethical considerations in international management are analyzed, culminating in a framework for ethical conduct and strategic management for global organizations. The conclusions drawn highlight the imperative nature of strategic diversi