MNC’s: 21st Century Nomad’s?
Posted by Neil Payne on January 30th, 2009
Mihir A. Desai, professor of Business Administration at Harvard Business School discussed his new working paper “The Decentering of the Global Firm” this week in a Q&A session with HBS Working Knowledge.
The paper considers the increasingly common practice of multinational companies moving their financial, legal and managerial operations away from their traditional homes to locations spread far and wide around the globe. Desai further considers how this ‘decentering’ can effectively strip and recast a firm’s national identity and culture; outlines the issues managers should evaluate before deciding if and where to re-establish their headquarters’ functions; and discusses the potential costs and benefits of doing so.
As a preeminent authority on international corporate and public finance, Mihir Desai’s latest offering is well worth a look for anyone involved or interested in the future of international, multicultural business.
Entries (RSS)