ABSTRACT
Multinational enterprises (MNEs) have become increasingly important in today's highly globalized world economy, with supply chains often spread across several continents and market growth occurring mostly in emerging economies. Each year, MNEs’ global value chains account for 80 percent of trade worldwide (UNCTAD, 2013), with foreign-owned corporations employing one worker in every five in European manufacturing and one in seven in US manufacturing (Venables, 2005), making their effective management a topic of great interest and concern to scholars and practitioners alike. While MNEs include corporations engaged in for-profit business activity as well as international non-governmental organizations (INGOs) such as the Red Cross or Doctors Without Borders, this chapter will focus on for-profit MNEs as the managerial goals and constraints differ between for-profit and non-profit MNEs.
