“…The importance and value of RHQs in the academic literature has generally focused on RHQs in industrialized countries (Asakawa & Lehrer, 2003;Doz & Prahalad, 1984;Hewett, Roth, & Roth, 2003;Piekkari, Nell, & Ghauri, 2010) although there has been an increasing focus on the Asian markets too (Holt, Gray, Purcell, & Pedersen, 2000;Lasserre, 1996). The result is that we do not yet fully possess an overall framework for understanding how value and decisions are devolved, how location decisions are made (certainly less so than with FDI fl ows), and how their structures and strategies are evolving to accommodate the growth in emerging markets.…”