An HQ is not always the largest office in terms of staff numbers or floor area, but is generally home to executive management and some cross-business administrative functions.
Beyond this, the variety and nature of other functions that are co-located in the same physical space can vary tremendously. As one 2003 study put it: ‘To some extent, the head office remains a “black box”.’ģ7 However, there are some commonalities: head offices host the “brain functions”, or the core management functions of a business. The nature of a head office can be difficult to define, due to the variety of functions, size and scale in different companies and sectors.
This report focuses primarily on the global or regional HQs of multinational corporations (MNCs) – although domestic companies, startups and scaleups also have corporate headquarters, and make important decisions about where to locate them.
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