| Description |
1 online resource (5 pages) |
| Series |
International business online (text) |
|
Thunderbird case series |
| Summary |
Within a period of only five years, SKF, a Swedish manufacturing company, made the transition from a purely Northern European firm to being a major global player. In the initial stages of globalization, every new capital expenditure, large or small, had to be referred by the country managers to headquarters in Gothenburg for approval. This regimented process caused significant time delays and problems in general. To overcome these problems, Tore Bertilson, SKF's Finance Director, introduced a new financial reporting system than he called the Twin Track Approach. Under the new system, only large investment expenditures required headquarters approval. The new system appears to have improved investment efficiency and timing, as well as successfully motivating regional managers to reduce the overall cost of funding |
| Notes |
Title from resource description page (viewed July 24, 2014) |
|
Thunderbird case number: A06-98-0023 |
|
This edition in English |
| Subject |
SKF (Firm) -- Case studies
|
| SUBJECT |
SKF (Firm) fast (OCoLC)fst00632922 |
| Subject |
Investments, Swedes -- Poland
|
|
Foreign exchange rates -- Poland
|
|
Foreign exchange rates.
|
|
Poland.
|
| Genre/Form |
Case studies.
|
| Form |
Electronic book
|
| Author |
Thunderbird, The American Graduate School of International Management.
|
|
