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Additional Case 17.2
Golden Rod is an electronics firm based in Detroit with subsidiaries in several countries including Indonesia, Egypt, Argentina, and Thailand. The top management positions in these subsidiaries are filled by U.S. citizens. Golden Rod is planning on creating a new expatriate assignment in Egypt. The firm has created a selection board of expatriates to choose the best person for the job. In the past, Golden Rod has experienced a high turnover rate among repatriated managers, so executives hope to solve this problem.
-Refer to Additional Case 17.2.Golden Rod seems to use which of the following approaches to manage international subsidiaries?
Rights Offering
A process in which a company offers its shareholders the opportunity to buy additional shares, typically at a discount, before the company offers them to the public.
Market Price
Market Price is the current price at which an asset or service can be bought or sold.
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