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Truly global corporations? Theorizing 'organizational globalization' in advanced business-services

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  • Andrew Jones

Abstract

Recent debates concerning transnational firms (TNCs) have been preoccupied with the question of whether, and to what extent, the world's largest companies are becoming 'global corporations'. This paper argues that this debate is epistemologically misguided and that the theoretical framework in use is unable to adequately capture the complex nature of connectivity and spatiality developing in and between firms. It argues that instead of a continued and increasingly fruitless debate around the nature of the relationship between firms and territorial spaces, empirical and theoretical enquiry needs to shift to issues of 'corporate globality'. The paper thus develops an alternative relational and nonscalar theoretical approach as it presents research into nature of corporate globalization within firms in two advanced business service sectors: investment banking and management consultancy. It uses this research as a basis to make arguments concerning how the role of large firms in the wider tendencies of economic globalization might be better theorized. Copyright 2005, Oxford University Press.

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  • Andrew Jones, 2005. "Truly global corporations? Theorizing 'organizational globalization' in advanced business-services," Journal of Economic Geography, Oxford University Press, vol. 5(2), pages 177-200, April.
    • Handle: RePEc:oup:jecgeo:v:5:y:2005:i:2:p:177-200
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    File URL: http://hdl.handle.net/10.1093/jnlecg/lbh039
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    Cited by:

    1. Otto Raspe & Frank Van Oort & Martijn Burger, 2006. "Economic Networks and Urban Complementarities in the Dutch Randstad Region," ERSA conference papers ersa06p827, European Regional Science Association.
    2. Peiker Wolfdietrich & Pflanz Kai & Kujath Hans Joachim & Kulke Elmar, 2012. "The heterogeneity of internationalisation in knowledge intensive business services," ZFW – Advances in Economic Geography, De Gruyter, vol. 56(1-2), pages 209-225, October.
    3. Kai Pflanz, 2013. "Seeking Opportunities: International Market Selection by European Engineering Consultancies," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 104(5), pages 556-570, December.
    4. Boussebaa, Mehdi, 2015. "Control in the multinational enterprise: The polycentric case of global professional service firms," Journal of World Business, Elsevier, vol. 50(4), pages 696-703.
    5. Oddný Helgadóttir, 2023. "The new luxury freeports: Offshore storage, tax avoidance, and ‘invisible’ art," Environment and Planning A, , vol. 55(4), pages 1020-1040, June.
    6. James R. Faulconbridge, 2009. "The Regulation of Design in Global Architecture Firms: Embedding and Emplacing Buildings," Urban Studies, Urban Studies Journal Limited, vol. 46(12), pages 2537-2554, November.
    7. James R. Faulconbridge, 2008. "Managing the Transnational Law Firm: A Relational Analysis of Professional Systems, Embedded Actors, and Time—Space-Sensitive Governance," Economic Geography, Clark University, vol. 84(2), pages 185-210, April.
    8. Peter Wood & Dariusz Wójcik, 2010. "A Dominant Node of Service Innovation: London’s Financial, Professional and Consultancy Services," Chapters, in: Faïz Gallouj & Faridah Djellal (ed.), The Handbook of Innovation and Services, chapter 25, Edward Elgar Publishing.
    9. Steve Wood & Jonathan Reynolds, 2014. "Establishing Territorial Embeddedness within Retail Transnational Corporation (TNC) Expansion: The Contribution of Store Development Departments," Regional Studies, Taylor & Francis Journals, vol. 48(8), pages 1371-1390, August.

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