Researchers in the adjacent fields of international business, organisation theory and strategic management recognise new organisational elements and a new organisational form in large multinational enterprises. In this paper a synthesised view of this new organisational form is presented, based on an extensive literature review. Further, the new organisation of multinational enterprises is compared to the M-form (multidivisional form) and analysed from the perspective of new institutional economics. A new "W-form" (Web- form) is hereby identified and ana lysed. Finally, weak points and contradictory elements in the analysis of a new form are critically discussed.