ANTICIPATED TRAJECTORIES OF DEVELOPMENT IN GLOBAL INDUSTRIES AND THE EVOLUTION OF CORPORATE PARENTING STYLES OF MULTINATIONAL CORPORATIONS

2022. No. 65.

Gurkov I. B., Morley M.

World Investment Report 2020 by UNCTAD identified several possible trajectories of development for many industries, namely re-shoring, regionalization, diversification, and replication. We argue that those trajectories of development may result in changes to prevailing corporate parenting styles and may also lead to the emergence of less common parenting styles. We present a typology of corporate parenting styles and outline likely changes to these styles arising from the different developmental trajectories and the major actors of the changes in corporate parenting styles. Although many of the anticipated changes may be pursued by corporate headquarters, a combination of powerful subsidiaries putting bottom-up pressure on corporate headquarters, along with powerful owners, capable of imposing requirements on top management teams and generating top-down pressure, may enact new corporate parenting styles.

Keywords: форсайт, международные корпорации, foresight, organizational change, организационные изменения, multinational corporations, corporate parenting styles, корпоративные родительские стили, headquarter-subsidiary relations, trajectories of development of global industries, взаимоотношения штаб-квартир с дочерними компаниями, теории развития глобальных отраслей