The Emergence and Impact of MNC Centres of Excellence explores an important new element in the development of the multinational corporation. While previously the parent company was seen as the center, and the foreign subsidiaries as the periphery, today, it is recognized that different subsidiaries have different roles, and are linked to each other in a complicated pattern. One crucial aspect of this is that some subsidiaries become "centers of excellence" (COE) controlling resources on which other parts of the corporation depend for their operations. This book investigates the existence of COEs in different countries, examining why they emerge and analyzing their impact on corporate strategy. The Emergence and Impact of MNC Centres of Excellence explores an important new element in the development of the multinational corporation. While previously the parent company was seen as the center, and the foreign subsidiaries as the periphery, today, it is recognized that different subsidiaries have different roles, and are linked to each other in a complicated pattern. One crucial aspect of this is that some subsidiaries become "centers of excellence" (COE) controlling resources on which other parts of the corporation depend for their operations. This book investigates the existence of COEs in different countries, examining why they emerge and analyzing their impact on corporate strategy.