{"product_id":"performance-evaluation-of-foreign-subsidiaries-a-critical-analysis-von-hendrik-vedder","title":"Performance Evaluation of Foreign Subsidiaries","description":"\u003cp\u003eSeminar paper from the year 2008 in the subject Business economics - Controlling, grade: 1,7, European Business School - International University Schloß Reichartshausen Oestrich-Winkel, course: Seminar Controlling, language: English, abstract: Long before the globalisation had become a buzz word and an impetus for companies to\u003c\/p\u003e\u003cp\u003einvest abroad, enterprises enlarged their ¿business playing field¿ into foreign countries\u003c\/p\u003e\u003cp\u003efor various reasons, such as to capture a new market, to secure resources, or to take advantage\u003c\/p\u003e\u003cp\u003eof local cost levels. Therefore, subsidiaries are heavily involved in the value\u003c\/p\u003e\u003cp\u003ecreation process for and within multinational corporations (MNCs). However, despite\u003c\/p\u003e\u003cp\u003ethe fact that the measurement of performance is crucial for globally active companies\u003c\/p\u003e\u003cp\u003enot only in steering the value creation for the MNC but also, for example, in fostering\u003c\/p\u003e\u003cp\u003einternational expansion or guiding resource allocation, MNCs differ significantly in the\u003c\/p\u003e\u003cp\u003eextent to which they are aware of the performance of their subsidiaries.\u003c\/p\u003e\u003cp\u003eDue to the fact that strategic decisions regarding the global expansion of a MNC require\u003c\/p\u003e\u003cp\u003ea wide and clear information basis to be able to assess how successfully a foreign subsidiary\u003c\/p\u003e\u003cp\u003ehas conducted its business or under what possibly unfavourable environmental\u003c\/p\u003e\u003cp\u003econditions the business results were achieved, multinational enterprises have to implement\u003c\/p\u003e\u003cp\u003ea system for evaluating the performance of their foreign subsidiaries and their\u003c\/p\u003e\u003cp\u003emanagement. Therefore, this paper aims to analyse the central aspects to consider in the\u003c\/p\u003e\u003cp\u003eevaluation of the performance of foreign subsidiaries.\u003c\/p\u003e\u003cp\u003eThis paper is divided into five chapters. After a short introduction to the theoretical\u003c\/p\u003e\u003cp\u003ebackground of performance evaluation in chapter 2, the paper continues in chapter 3\u003c\/p\u003e\u003cp\u003ewith the central issues of an effective performance evaluation system for foreign subsidiaries\u003c\/p\u003e\u003cp\u003ewith a clear focus on the aspect of separating managerial and subsidiary performance.\u003c\/p\u003e\u003cp\u003eThen chapter 4 illustrates the measures used for evaluating foreign subsidiary\u003c\/p\u003e\u003cp\u003eperformance. Finally, the paper concludes by emphasising that an MNC can properly\u003c\/p\u003e\u003cp\u003eevaluate the performance of it foreign subsidiaries only by considering the specific environmental\u003c\/p\u003e\u003cp\u003efactors of the foreign country, separating managerial and subsidiary performance,\u003c\/p\u003e\u003cp\u003eand supplementing financial with nonfinancial measurements.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e[...]\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783640230389\"\u003e\u003ch3\u003eA Critical Analysis\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783640230389","offer_id":39425026621533,"sku":"9783640230389","price":18.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/05b6b7a5-e7bc-4abe-a307-4ca1e3f36e27.jpg?v=1777611090","url":"https:\/\/shop.autorenwelt.de\/products\/performance-evaluation-of-foreign-subsidiaries-a-critical-analysis-von-hendrik-vedder","provider":"Autorenwelt Shop","version":"1.0","type":"link"}