GLOBAL-LOCAL (GLOCAL) CREATION OF VALUE-ADDED
Résumé
The challenge of balancing the needs of short-term economic results and sustainable involvement of organizational actors is a common issue for any company. In the case of listed multinational corporation subsidiaries, this issue takes on a more significant place. The management methods in these particular subsidiaries are usually based on a two-fold dimension: one is global at the international group’s level; and the other is local at the country level. Corporate brand strategy and profitability objectives are usually decided at the global level. Then, the sales and marketing strategy is adapted by the subsidiary’s top management to meet local market requirements and to clear sufficient profit to keep some of it at the local scale, after serving the international group’s appetite.