subsidiary
(noun)
A company owned by a parent company or holding company.
Examples of subsidiary in the following topics:
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Divisional Structure
- In this form, one parent company owns subsidiary companies, each of which uses its brand and name.
- In the multidivisional structure, subsidiaries benefit from the use of the brand and capital of the parent company.
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Communicating Organizational Culture
- Corporate culture is used to control, coordinate, and integrate company subsidiaries.
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Developing Leadership Skills
- For top managers, the CEO leads some of the training; the CEO also reviews performance evaluations for high-potential managers during site visits to the various subsidiary divisions.