How to organize? International organizational architectures
This chapter focuses on what corporate headquarters do to add value to their family of international business units. The primary purpose is to provide an understanding of the potential to add value through a brief synopsis of a selected sample of the corporate strategy literature and an exploration of the complex and delicate relationship between MNC headquarters and subsidiaries. A description of the key pillars for corporate headquarters' roles and functions in the modern international financial services firm is followed by case examples of the organizational structures of UniCredit Group and Erste Bank. The chapter concludes with reflections on how to balance the trade-off between local responsiveness and global efficiency.
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