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Finland: Innovating the Global Positioning of Flagship Companies and Foreign-Owned Subsidiaries

Kari Lilja, Juha Laurila and Raimo Lovio

in Nordic Capitalisms and Globalization

Published in print January 2011 | ISBN: 9780199594535
Published online May 2011 | e-ISBN: 9780191724909 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199594535.003.0002
Finland: Innovating the Global Positioning of Flagship Companies and Foreign-Owned Subsidiaries

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Since the mid-1990s the Finnish business system has become integrated to global value constellations via two processes. First, flagship companies in both the forest-related industries and in the ICT sector have drawn suppliers and service providers into global value chains. Secondly, foreign MNCs have acquired subsidiaries of Finnish-based diversified corporations and start-ups. Both processes have been supported by the national innovation system. Even in peripheral corporate towns the legacy of investments in technological development and of upgrading engineering and managerial staff has provided knowledge-intensive platforms that have helped in the fights for global mandates and for new roles in global value constellations.

Keywords: flagship companies; global mandates; centre of excellence; engineering profession; national innovation system

Chapter.  16485 words. 

Subjects: Political Economy

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