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In order to successfully compete in the global market,many multinationalcompanies use control and evaluation systems for monitoring the performanceof their subsidiaries abroad,which are faced with complexities of political,social,cultural,and legal differences,tax regulations,import and export re-strictions,foreign exchange regulations,control on the transfer of f unds,and various other restrictions imposed by host countries to protect their nation-al interests.The challenge for multinationals is to design a transfer strategywhich appropriately rewards the management of the subsidiaries overseas andalso copes with the various poli tical,legal,cultural,and economic restric-tions of the host countries.
In order to successfully compete in the global market, many multinationalcompanies use control and evaluation systems for monitoring the performanceof their subsidiaries abroad, which are faced with complexities of political, social, cultural, and legal differences, tax regulations, import and export re-strictions , foreign exchange regulations, control on the transfer of f unds, and various other restrictions imposed by host countries to protect their nation-al interests.The challenge for multinationals is to design a transfer strategywhich decent rewards the management of the subsidiaries overseas and al so copes with the various poli tical, legal, cultural, and economic restric tions of the host countries.