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Nordic Capitalisms and GlobalizationNew Forms of Economic Organization and Welfare Institutions$
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Peer Hull Kristensen and Kari Lilja

Print publication date: 2011

Print ISBN-13: 9780199594535

Published to Oxford Scholarship Online: May 2011

DOI: 10.1093/acprof:oso/9780199594535.001.0001

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Finland: Innovating the Global Positioning of Flagship Companies and Foreign-Owned Subsidiaries

Finland: Innovating the Global Positioning of Flagship Companies and Foreign-Owned Subsidiaries

Chapter:
(p.47) 2 Finland: Innovating the Global Positioning of Flagship Companies and Foreign-Owned Subsidiaries
Source:
Nordic Capitalisms and Globalization
Author(s):

Kari Lilja

Juha Laurila

Raimo Lovio

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199594535.003.0002

Since the mid-1990s the Finnish business system has become integrated to global value constellations via two processes. First, flagship companies in both the forest-related industries and in the ICT sector have drawn suppliers and service providers into global value chains. Secondly, foreign MNCs have acquired subsidiaries of Finnish-based diversified corporations and start-ups. Both processes have been supported by the national innovation system. Even in peripheral corporate towns the legacy of investments in technological development and of upgrading engineering and managerial staff has provided knowledge-intensive platforms that have helped in the fights for global mandates and for new roles in global value constellations.

Keywords:   flagship companies, global mandates, centre of excellence, engineering profession, national innovation system

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