Foreign subsidiaries acting as "integrated competence centres" is an organizational design that improves the building of capabilities in multinational corporations. In this knowledge-creating process the headquarter uses a bottom-to-top strategy, where the initial competence-building starts in...

Is the present investment behaviour of firms acquiring other firms abroad an outcome of an historic tradition and the time period in which the take-over started? As Barney (1986a) points out is the strategies of the firm and abilities to fulfil those strategies the result of a historic...

What is the reason for acquisitions? Till now, strategies related to the daily operations of the firm like increased sale, reduced cost or managerial ambitions have been the prevalent motive. However, a new dynamic motive, the competence explanation is emerging. The purpose of this paper is to...