The functions of the HQ unit in the multibusiness firm

Alfred Chandler

Strategic Management Journal, 1991, vol. 12, issue S2, 31-50

Abstract: The basic functions of the corporate headquarters (HQ) multibusiness firms are both entrepreneurial (value‐creation) and administrative (loss prevention). The development and implementation of these HQ functions reflect the industries in which the firms operate. Historically, the ability of the headquarters to carry out these functions has determined both the successful paths to growth for a multibusiness enterprise and the limits to that growth.

Date: 1991
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