Headquarters as a Managerial and Administrative Talent Pool
This chapter introduces the concept of a headquarters economy—an economy that has a concentration of headquarters from diverse industries. The chapter advances the importance of viewing headquarters as pools of managerial and administrative talent in order to understand corporate headquarters, how they impact the regions in which they reside, and where they locate. The chapter also introduces the concept of “hidden headquarters.” These are important divisional, regional, or operational headquarters of companies with corporate headquarters elsewhere. Such headquarters are often overlooked yet they influence their regions like large corporate headquarters. Finally, the chapter outlines the structure of the book and describes the research design choices that shape the investigation.