Abstract

During the last half-century significant changes have occurred in international business operations — notably the internationalisation of production by US firms and the subsequent expansion of Japanese international operations. This chapter looks forward to consider the further changes that are likely to occur. It argues that the key factor governing the long-run success of multinational enterprises (MNEs) will be their managerial ability to cope with the accelerating pace of innovation.KeywordsLarge FirmVenture CapitalJoint VenturisCorporate CultureMultinational EnterpriseThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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