What do we mean by dual embeddedness of multinational enterprises (MNEs) and how does this relate to innovation in MNEs?

Dual embeddedness of multinational enterprises (MNEs) refers to the simultaneous integration and involvement of MNE subsidiaries in both the local host-country environment and the global network of the parent company. This concept captures the dual pressures and opportunities faced by MNEs as they navigate and leverage resources, knowledge, and capabilities from both local and global contexts.