harvard business case TARUN KHANNA The GPC model plays out differently at different points of the value chain R&D mostly remains in the developed countries, with newly acquired innovative firms remaining at their origin with most of original management. Why these arrangements? Manufacturing mostly moves production from developed to certain specific developing countries. The systems to affect these transfers are highly developed. The ownership arrangements for various functions in the transfer range from direct ownership by GE in logistics to alliances with local firms in manufacturing to no direct relationship for components. Why these specific arrangements? Sales are very decentralized. How does this function operate? How do the key parts of the GPC model create value? How is value created by the business model as a whole