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The functions of the HQ unit in the multibusiness firm
Author(s) -
Chandler Alfred D.
Publication year - 1991
Publication title -
strategic management journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 11.035
H-Index - 286
eISSN - 1097-0266
pISSN - 0143-2095
DOI - 10.1002/smj.4250121004
Subject(s) - carry (investment) , business , unit (ring theory) , industrial organization , value (mathematics) , finance , mathematics , statistics , mathematics education
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.