Abstract
Globalization generally refers to an evolving pattern of cross-border activities that industrial firms undertake. The basic idea of globalization is that firms compete more efficiently via a worldwide network of subsidiaries and arm’s-length contractual relationships; this cross-border network enables a firm’s managers to access relevant information quickly and to reach important decisions without delay. A well-functioning cross-border network of formal and informal relationships is the primary feature distinguishing a globalized firm from other firms.
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© 1999 Springer Fachmedien Wiesbaden
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Kuemmerle, W. (1999). Global R&D Strategies of Downstream Firms and the Role of Suppliers. In: Hahn, D., Kaufmann, L. (eds) Handbuch Industrielles Beschaffungsmanagement. Gabler Verlag, Wiesbaden. https://doi.org/10.1007/978-3-322-99462-2_15
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DOI: https://doi.org/10.1007/978-3-322-99462-2_15
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