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AN ANALYSIS OF UNILEVER THROUGH IVO ZANDER’S
INNOVATION NETWORK TAXONOMY
-BASED ON ARTICLE: HOW DO YOU MEAN ‘GLOBAL’? AN EMPIRICAL INVESTIGATION OF INNOVATION
NETWORKS IN THE MULTINATIONAL CORPORATION
By:
Laura Cerri and Virpi Nieminen
On April 18th, 2008
Solvay Business School – Université Libre de Bruxelles
Course Assignment for R&D in Multinational Enterprises
Professor Michele Cincera
Table of Contents
Introduction .......................................................................................................................... 3 Article Summary .................................................................................................................. 3
Methodology ................................................................................................................ 5 Results .......................................................................................................................... 7 Conclusion ................................................................................................................... 8
The case of Unilever ............................................................................................................ 9 History and Key Facts ...................................................................................................... 9 R&D Spending and Patents ............................................................................................. 9 Analysis of Unilever’s R&D according to Ivo Zander’s article .................................... 10
Introduction ................................................................................................................ 10 Unilever’s degree of diversification and duplication ................................................. 13 Unilever’s position in the taxonomy .......................................................................... 14 Conclusion ................................................................................................................. 18
Findings and Conclusion .................................................................................................... 18 Bibliography ...................................................................................................................... 20
Introduction
Current literature recognizes the continuing boom in the dispersion of technological
capabilities, as well as its advantages, but it fails to explore the differences in the
resulting international innovation networks. The article summarized attempts to fill in the
gap by identifying different types of innovation networks and at the same time,
examining how the preconditions for exploiting dispersion may vary across firms. The
resulting taxonomy consists of four different classifications of innovation networks
across industries and corporations, based on the degree of duplication and diversification
of advanced technological capabilities. The objective of the article is to shed light on the
nature of technological capability dispersion, instead of the traditional approach of
studying the coordination of dispersion.
In the second part of the essay, Unilever is analyzed with the article functioning as a
theoretical framework.
Finally, the last section of Findings and Conclusion will summarize the key findings
expressed in the article by Zander in light of the case of Unilever presented.
Article Summary
Recent literature has emphasized the geographical dispersion of technological capabilities
as an important addition to internationalization strategies. In reality, a correlation
between internationalization and the dispersion of technological capabilities exists, as
expansionary activities have resulted in a higher level of technological capabilities
transferred abroad in order to exploit internationally dispersed resources. Other benefits
of geographical dispersion arise from enhanced flexibility, growth, and the formation of
new innovation processes within the corporation. With dispersion, traditional innovation
routines tend to be replaced by globally integrated innovation projects. Two different
types of global innovation projects have been identified in practice. The first one is called
cross-fertilization between geographically dispersed units, where units engage in similar
types of innovation activities and benefit from knowledge exchange. The second type
involves integration and recombination of distinct technological capabilities into new
products and systems. Previous literature simply associated growth and dispersion of
technological capabilities with increased international experience, commitment to foreign
markets, and centrifugal forces boosting technological activity among foreign units.
Expansion practices depend on product characteristics and industry affiliation, while the
degree of dispersion of technological capabilities depend on management attributes
towards internationalization, strategy, and the amount of operational and technological
freedom of foreign units. More importantly, dispersion depends on market conditions at
the critical time of foreign expansion, and opportunities to merger and acquisition. Some
of these influencing factors are very company specific, causing significant variance in the
degree of technological capabilities dispersed. Even within the same industry.
With the traditional approach to R&D only minor activities, such as technology transfer
or technological support, were allocated to foreign units, while the bulk of the research
remained in the country of origin. This approach can be summarized with the home-base
exploiting and home-base augmenting taxonomy, already discussed in class. With this
strict coordination, costly duplication of efforts was effectively avoided, but these
multinationals did just as effectively deprive themselves of growth and innovation
synergy. Dispersion of technological capabilities now tends to follow the dispersion of
sales and manufacturing operations. Innovation activities are hence expected to develop
from local-to-local to global-to-global. In other words, before innovation was leveraged
by adapting local products to other local markets. Now global, flexible links harness
innovation synergy, scope economies, and worldwide learning. Names describing these
new globally linked units are “internationally interdependent laboratories” and “global
creators”. Against previous believes, duplication of capabilities is not always
counterproductive, nor a sign of redundancy or lack of control. On the contrary, it can
lead to innovation synergy through knowledge exchanges and project transfers.
Methodology
The taxonomy consists of two dimensions, duplication and diversification, that determine
the classifications of the innovation networks. Note that these dimensions were drawn
from previous literature and correlate with the afore-mentioned global innovation
projects: cross-fertilization and recombination of technologies. The definitions of the
dimensions are as follow:
• International duplication of technological capabilities occurs when geographically
dispersed units maintain capabilities in the same field of technology.
• International diversification of technological capabilities occurs when
geographically dispersed units represent unique fields of technological expertise.
The two dimensions give an indication of the growth and internationalization of
technological capabilities, as well as the type of leverage the firm exercises. The four
classifications that form the taxonomy are as follow:
• Home-centered firms retain the majority of their advanced technological
capabilities in the country of origin. Some duplication or diversification may still
exist, but no significant advantages are derived from dispersed research efforts.
• Internationally duplicated firms have strengthened technological capabilities
abroad, but foreign units are involved in the same technological field as home.
Duplication may have resulted from technology transfer or foreign acquisition.
Innovation activities involve the multinational as a whole, and the firms enjoy
enhanced flexibility and knowledge exchange.
• Internationally diversified firms exercise a strict division of labor, where all
foreign units are specialized in a given technology. Activity might be geared
towards local demand, but more often than not they are a part of a world product
mandate with worldwide responsibility for selected components or products.
Advantages include growth opportunities and a capacity to integrate and
recombine different technologies into new products or systems.
• Dispersed firms have shifted technological capabilities abroad the most with
complex structures of both duplication and diversification. They have built the
preconditions for cross-fertilization and knowledge sharing on a worldwide basis.
The two dimensions selected for the taxonomy are easily calculated for each company
using U.S. patents as indicators of advanced technological capabilities. The reason for
selecting U.S. patents derives from the fact that they reflect high-quality inventions and
reveal the nationality of the inventor. Patents records also divide technological inventions
into 400 classes and subclasses, enabling narrow classifications of a firm’s capabilities
and to analyze the changes in the geographical location. The measurement for duplication
takes into account both the number of locations in which the firm is active and the
distribution of technological activity across those locations. To even out fluctuations,
patenting activity was aggregated over the period of 1986-1990. The calculation is
measured with an entropy measure, with outcomes ranging between zero and ln n. An
outcome of zero would signify concentrated technological capabilities, while ln n would
mean a perfectly even distribution of technological capabilities between R&D units. Pi
stands for the share of patents accounted for by the ith location.
Entropy measure = Σ pi ln 1/Pi
Diversification of technological capabilities was calculated with the same entropy
measure. The only difference was that for each individual sample firm a simple count of
the number of unique technologies represented by various locations was used to take into
account that the propensity of patents may differ across industries and technologies.
24 Swedish multinationals were then positioned within the taxonomy using cluster
analysis techniques to identify groups of firms with similar international innovation
networks during the period of 1986-1990. Previous studies have shown that these
corporations account for over two-thirds of all R&D in Swedish industry. The cluster
analysis employed Ward’s method, one of the hierarchical agglomerative techniques,
with an objective function called the Error Sum of Squares (ESS):
ESS = Σ ( Σ x²ij - 1/nj ( Σ xij) ²)
Since the entropy measure for diversification tends to be higher, both dimensions were
standardized to unit variance in order for them to carry the same weight in the cluster
analysis. Conclusions were then drawn on the relevance of the classification, inter-firm
differences, network structure trends, unequal opportunities, and the relationship between
dispersion and competitiveness.
Results
Four clusters were found, one of them smaller than the rest. The four clusters represent
different types of innovation networks, each consisting of certain types of industries.
Despite a significant variance in corporations’ capability diversification, diversification is
still more popular than duplication. Apparently firms attempt to concentrate technological
resources to achieve economies of scale or critical mass in research personnel.
In order to compare the positions of these firms in 1986-1990, a second analysis of the
same firms was reproduced from the time period of 1961-1965. Significant longitudinal
changes in the positions were observed in the matrix, since many of these firms started to
internationalize in the early 1960s. Acquisitions enabled quick transformations from the
home-centered to the dispersed category (firms in the white goods, welding equipment,
office equipment, and agricultural equipment industries), while the rest of the companies
internationalized from the home-centered category by slightly favoring either the
duplicated or diversified category. Pharmaceutical multinationals were the only ones
strongly duplicating, while reducing diversification of technological capabilities.
A third analysis compared the direction and magnitude of changes in the positions of the
firms between the two time periods, by calculating the average, un-standardized growth
rates. The overall trend observed was a significant internationalization of technological
capabilities. 11 out of the 24 companies increasing both duplication and diversification,
while nine expanded in just one of the dimensions. Two companies did not change their
position, while only one company (Ericsson) reduced both duplication and
diversification.
Conclusion
The firms that remained home-centered (in the automotive, telecommunications, iron and
steel, pulp and paper industries) may suffer from the lack of exposure to and experience
of international research efforts. Others outside of the home-centered category differ
significantly in the amount and structure of capabilities, which means variance in growth
opportunities, pre-conditions for cross-fertilization, and recombination capabilities. These
differences derive from different approaches to upgrade competitive advantage.
Duplicated efforts tend to have an advantage over cross-fertilization, while diversified
efforts tend to profit from growth and recombination capabilities. The multinationals with
dispersed capabilities usually enjoy all three advantages. However, it is important to
remember that dispersion of capabilities does not necessarily translate into new
innovation networks. Duplication is usually a result of multi-domestic strategies, while
diversification implies a multi-center structure of the multinational network.
Drivers for geographical dispersion are a synthesis of the necessity to adapt products to
local demand, create ties to local research communities, develop unique capabilities, and
opportunities to acquisitions. It seems that internationalization produces proportionally
both duplication and diversification, since the clusters align diagonally in the taxonomy
matrix. This suggests that managers and engineers will have to consider two important
issues in managing and developing international research. The former calls for a balance
of costs and the need for critical mass in research efforts against the advantages of
flexibility and cross-fertilization. The second issue concerns diversification: how to
integrate specialized research units, as every one of them has unique routines and
information flows? In the end, both issues set enhanced innovation against increasing
costs and lengthened development times.
A clear correlation of international dispersion of technological capabilities with growth
and competitiveness was not found. Ericsson, for instance, is located in the home-
centered category, but has been growing in a competitive manner without engaging in
capability dispersion. Further research is still needed in studying the effects of large and
small home markets, how firms integrate dispersed R&D efforts, and the frequency and
relative importance of international knowledge exchange in order to better understand
competitive advantage and the changing nature of the multinational corporations.
The case of Unilever
History and Key Facts
Unilever is one of the largest companies worldwide, providing fast moving consumer
goods, varying from food to personal care and home care. The company’s mission is to
provide people all over the world with products that will help them “feel good, look good
and get more out of life.”1 The company Unilever, as it is currently known, was officially
created only on January 1st 1930, by the merger of the Dutch margarine producer
Margarine Unie and the English soap manufacturer Lever Bros, which were respectively
founded in 1872 and 1886. Unilever is now producing in 317 manufacturing sites over
six continents, and among its 400 brands are some of the most well known and admired
names.
R&D Spending and Patents
In 2007 the global turnover reached 40.2 billion euros2, slightly more than what has
registered in the previous year, being 39.642 billion euros. This turnover can be broken
down by regions, giving a European turnover of 15 000 million euros in 2006, a turnover
of 13 779 million euros for the Americas, and 10 863 million euros for Asia and Africa.
1 Unilever company’s website, 25th March 20082 Q4 2007 and full year result presentation, from Unilever company’s website
The company’s R&D spending in the year 2006 amounted to more than 900 million
euros, giving an R&D intensity ratio of 0.0227. This means that investments in R&D
amounted to only 2.27 percent of the annual global turnover, slightly less than the 2.48
percent registered the previous year. In 2005 the annual turnover amounted to 38 401
euros3, while the R&D spending reached 953 million euros.4 Unilever biggest competitor,
Procter & Gamble, registered net sales of $ 68 222 in 2006, and an R&D expenditure of $
20755, giving an R&D intensity ratio of 0.0304. Therefore, the R&D investment
accounted for approximately 3 percent of the annual global net sales, down from 3.4
percent registered the previous year.6
In the year 2006, the number of patents registered at the United States Patent Office was
98, giving an R&D spending of almost 9.2 million euros per patent. The previous year the
number of patents registered at the United States Patent Office was only of 93. However,
it has to be taken into consideration that Unilever, besides registering its own patents,
bases some of its products and processes on patents or trademarks that are owned or
controlled by its affiliates.7 Hence, the results previously presented might be showing a
slightly negatively biased picture of the actual R&D intensity and efficiency of the
company.
Analysis of Unilever’s R&D according to Ivo Zander’s article
Introduction
Unilever presents a good number of R&D centers all over the world, in order to allow a
prompt response to changing trends, needs and tastes among consumers anywhere in the
world. Beside the various regional and national R&D sites, there are 15 global product
development sites. The global research centers, which are named on the following map,
consist of only six sites: two are based in the United Kingdom (Colworth and Port 3 Unilever company’s website, 25th March 20084 http://timesofindia.indiatimes.com/articleshow/498207.cms5 P&G company’s website, 10th April 20086 Industrial research institute's 8th annual R&D leaderboard: R&D spending by the top 100 U.S. and non-U.S. R&D investors in 20057 Unilever company’s website, 25th March 2008
Sunlight), one in the Netherlands (Vlaardingen), one in the United States (Trumbull), one
in China (Shanghai), and the last one in India (Bangalore). These sites are well connected
with each others, as well as regional technology centers and academic groups, via an
integrated network that allows for synergies and facilitated access to the latest and best
scientific thinking.
Figure 1. Unilever’s Global and Regional Sites
Source: Unilever’s website, www.unilever.com
The global R&D center of Port Sunlight, situated near Liverpool, employs more than 700
scientists and engineers from all over the world. The center is the major R&D site for
home and personal care, and produces more than 100 patent filing innovations and an
average of 140 peer-reviewed papers and conferences every year. Port Sunlight is not an
isolated center; its aim is to create innovative products for consumers around the world
and it successfully fulfills its goal by working in close touch across the network shared by
all the Unilever R&D centers.
The other major site based in the United Kingdom, Colworth, employs 700 people.
Among them are scientists, technologists, and legal professionals. This R&D center
focuses on agribusiness, specialty chemicals, food technology, product safety,
environmental impact, diagnostic and personal care.
Colworth, UKPort Sunlight, UK
Vlaardingen, NLTrumbull, USAShanghai, China
Bangalore, India
The Chinese site in Shanghai is a dedicated chemistry laboratory, employing 70 chemists
in developing molecules and materials in the areas of home and personal care. “The
laboratory's ambition is to become one of the best chemistry laboratories in the world
with first-class, unique capabilities in synthetic materials and natural actives needed to
deliver break-through technologies to our products.”
The fourth major site, Trumbull, in the United States, was only established in 2005 and
employs more than 200 scientists and engineers. The center focuses on global research
and development of skin products and laundry products, previously located in Edgewater,
New Jersey.
On the contrary of all the previously described sites, the R&D center in Bangalore
employs 210 scientists and researchers. Focus is targeted at foods, home and personal
care and even corporate researches. Synergies between the three are leveraged
extensively.
The sixth R&D site, Vlaardingen, based in the Netherlands, is the biggest center,
employing approximately 900 people. Vlaardingen hosts within Unilever’s Food and
Nutrition Research Institute, carrying out technological innovation studies in the fields of
plant science, preservation and microbial science, consumer science, biopolymer science,
human health and nutrition and food processing.
Very recently, on March 4th 2008, Unilever announced the opening of the Centre of
Excellence (CoE) “Structured Emulsions” in Vlaardingen. This CoE is a global
technology center, focusing on new product development in the field of foods. Moreover,
the center will be home for “Unilever's European product development centre for
Foodsolutions, Unilever's Foodservice business, and the European packaging technology
centre with a technology and material focus on tubs, pots and glass packaging”. The
peculiarity of the center is that it is actually a multi-site organization among Vlaardingen,
Dijon in France and Englewood Cliffs in the United States, employing 225 R&D
professionals from 20 countries. Obviously the three-site location is a disadvantage in
terms of commodity costs, however, it is believed that this increase will be offset by the
excellent contributions of the center, by delivering new product innovations and allowing
a smarter use of ingredients and application of new technologies.
Besides its own R&D centers, Unilever pursues many partnerships, collaborations and
ventures with Universities and other companies. The leading examples are: the Unilever
Centre for Molecular Informatics (UCMI) in 2001, resulting from a partnership with the
Cambridge University department of chemistry, and the Unilever Technology Venture
(UTV), a collaboration between Unilever and start-ups or small companies to pursuit
Unilever’s mission.
Unilever’s degree of diversification and duplication
The six principal global research sites are evidence of both diversification and
duplication, because while maintaining a few overlapping capabilities, each individual
site still specializes on a set of predetermined unique technological capabilities. However,
the presence of numerous coexisting regional and local R&D sites is rather considered
duplication of technological capability efforts. These regional R&D sites mainly adapt
the product to the local needs, benefiting from knowledge exchange and cross-
fertilization.
The new CoE center shows the new trend from local-to-local towards global-to-global
innovation activity, as previously described in the article summary. This new trend,
characterized by the creation of synergy, flexible networks and worldwide learning
allows the company to benefit from all of the three previously mentioned advantages of
international projects: cross-fertilization, growth and recombination capabilities. The CoE
center, located in three different countries, is a sign of a multi-domestic strategy, hence
considered duplication, allows for knowledge sharing. The CoE is also well integrated
into a network of flexible links and, therefore, boosts innovation and recombination
capabilities.
Unilever’s position in the taxonomy
The tables presented in this section help in positioning Unilever into the taxonomy
proposed by the article. The first table shows the breakdown of the patents registered by
Unilever, according to the inventor country.
Table 1: Unilever’s Patents by Inventor Country
Total number of patents by Unilever (1987-present) = 1230Inventor Country Number of patentsGreat Britain 558The Netherlands 253United States 656 - New Jersey (NJ) (260) - Connecticut (CT) (148) - New York (NY) (91) - Illinois (IL) (74)China 1India 26France 38Czech Republic 1Argentina Republic 6Belgium 3Brazil 14Australia 14Japan 6South Africa 2Canada 5Ireland 2Mexico 4Sweden 2Italy 29Hong Kong 3Thailand 7Switzerland 6Greece 2Denmark 5Germany 37Portugal 2Indonesia 3Malaysia 2
Kenya 1Antigua and Barbuda 1Total 1689*
(*Total exceeds the total number of patents held by Unilever, since it is possible for several inventors to be
involved in the creation of a single patent.)
As can be seen, the patents that can be assigned to the home countries (Great Britain and
the Netherlands) account for approximately half of the total number of patents. This
shows that the home country still plays a major role in innovation. However, as the
following table highlights, there is a significant trend towards the dispersion of
technological capabilities and innovation.
Table 2: Unilever’s Patents History Analysis
Time period Number in USPTO Number of patents Countries involved1978-1983 1230 1 CA, GB1986-1990 1209 – 1229 21 NL, GB2, GR, GB7, GB3, DE2003-present 1 – 587 587 GB, FR, IT, NL, US, BR, ZA, DE,
IN, HK, ID, DK, CH, AR, TH, AU, CZ, MX, JP, KE, SE, MY, IE, AG
In order to position Unilever on the taxonomy, showing the degree of diversification and
duplication, it is necessary to consider the acquisition and disposal activities of Unilever,
in addition to using the previously presented data collected from the US Patent and
Trademark Office (USPTO). The company went through a long series of acquisitions
between the years of 1958 up until now, as the following table shows.
Table 3: Unilever’s Merger and Acquisition Activity
Acquisitions:1958 acquisition of the frozen food and ice cream producer Vita NV in the
Netherlands. It will then become Iglo Mora Group1961 acquisition of ice cream producer Good Humor in the United States1970 acquisition of Zwanenberg’s at Oss, a Dutch company that will then become
Unilever meat group UVG1971 acquisition of Lipton International, tea business company1973 acquisition of Frigo ice cream in Spain1978 acquisition of the leading producer of adhesives, starch and speciality
organic chemicals National Starch in the United Stated
1984 acquisition of Brooke Bond, tea retailer in the United Kingdom1986 acquisition of Naarden fragrances and food flavours and of Chesebrough-
Pond’s in the United States1989 acquisition of Calvin klein and Elizabeth Arden/Fabergé1993 acquisition of Breyers ice cream in the United States1997 acquisition of Kibon ice cream in Brazil2000 acquisition of Bestfoods in Portugal2001 Joint Venture with Indonesia’s Kecap company, for the development and
production of a food product (soy sauce)2006 acquisition of Elais-Unilever S.A., which is Unilever’s main food business in
Greece2008 acquisition of Russian ice cream company Inmarko
Table 4: Unilever’s Disposal Activity
Disposals:1994 conplition of disposal of United Africa Company, Unilever's West African
trading, brewing and textiles company1997 sale of Unilever's chemicals businesses including National Starch and Quest
International2004 disposal of more than 20 businesses, among which partial household care
business in North America, edible oil business in Mexico and frozen pizza and baguette business in Europemerger of chemical business in India with Tata Chemicals
2005 disposal of the Prestige fragrance business UCI to Coty Inc. the business was operating in the United Statessale of Stanton Oil in United Kingdom and Ireland, Unilever’s energy unit Dextro in many countries in Europe, Opal in Peru, the syrup producer Karo and the food producer Knax in Mexico, Crispa, Mentadent, Marmite, Bovril and Maizena in South Africa, Biopon in Hungarysale of tea plantations in Indiadisposal of spreads and cooking business in Australia and New Zeland and of the frozen pizza business in Austria
2006 sale of the majority of frozen food business in Europe to Permira Funds. The business sold was operating in Austria, Belgium, France, Germany, Ireland, the Netherlands, Portugal and United Kingdomsale of various businesses and brands, among which: Mora (ice cream and frozen food) in the Netherlands and Belgium, Finesse (hair care) in North America and Nihar (hair care) in India
As described in the paper, undergoing several mergers and acquisitions was a common
method adopted by many companies in the 60s to quickly move from the home-centered
position to a rather dispersed position. In the case of Unilever, these acquisitions were
mainly targeted to introduce two new business fields into the company: frozen food and
tea products. Consequently, these acquisitions were conducted in a large number of
countries. However, as the number of disposals is numerous as well, it can be concluded
that these activities notably increased the level of internationalization and only partially
the level of dispersion.
Finally, after having taken into considerations the findings offered by the patent analysis
and the merger and acquisition activities, the following graph could be derived.
Figure 2: Cluster Analysis and Positioning of Unilever
Source: Zander, I. 1999.
Unilever’s innovation networks are characterized by a higher degree of duplication rather
than diversification, falling into the second cluster. According to the article, the second
cluster presents the following peculiarities: a pronounced expansion of foreign
technological capabilities, especially within the international innovation network, and to
some extent the creation of unique technological capabilities or centers of excellence in
foreign locations. These characteristics apply to the case of Unilever, but the intensity of
merger and acquisition activities in the past place the company towards the upper right
hand side of this cluster. The blue arrow drawn on the graph shows the change in
positioning played by Unilever. The company was able to move from a rather home-
centered position to the current rather dispersed position, thanks to the merger and
acquisition activity, as well as the innovation and reorganization of its R&D sites.
Conclusion
The article analyzed stresses the existence of two very important balancing factors in
international research: cost and critical mass versus flexibility and cross-fertilization; and
the difficulty of integrating several specialized unites with unique capabilities. With the
creation of the CoE and the Trumbull research centers, Unilever has been able to achieve
an ideal level of critical mass that does not compromise flexibility nor cross-fertilization.
When it comes to integrating specialized unites, Unilever has successfully implemented a
multinational Center of Excellence, which through synergies, worldwide learning and
flexible knowledge exchange unites research centers.
Contradicting the trend observed by the author, Unilever exercises a slightly higher level
of duplication than diversification in comparison to the analyzed average.
Findings and Conclusion
To sum up, the article identifies a taxonomy consisting in two dimensions, duplication
and diversification, in order to determine the classification of the innovation networks.
Duplication and dispersion are an indicator of growth and internationalization of
technological capabilities, besides indicating the type of leverage of the firm. Given this,
companies can be classified into four categories: Home-centered firms, Internationally
duplicated firms, Internationally diversified firms and Dispersed firms. According to the
data presented, Unilever can be classified as a rather dispersed firm, enjoying a slightly
higher degree of duplication of technological capabilities compared to the degree of
diversification, demonstrating a multi-domestic strategy. This is also due to the merger
and acquisition activities conducted, that, as described in the article too, allowed a swift
shift from a home-centered positioning to the current position. According to the paper,
Unilever shows a slightly controversial trend by demonstrating a higher degree of
duplication. However, being a multinational with dispersed capabilities, Unilever enjoys
the benefits offered by both dimensions: cross-fertilization, growth and recombination
capabilities.
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