This paper examines how different internal stakeholders evaluate organizational capabilities in MNC subsidiaries. More specifically, we seek to establish what determines the evaluations of functional and geographical stakeholders with regards to HR capabilities in MNC subsidiaries. We argue that the identification of organizational capabilities is typically based on subjective evaluations of key stakeholders, who may differ significantly in their interests, expectations and evaluations concerning a specific actor. Based on a quantitative analysis of 123 subsidiary HR departments, we find that stakeholder evaluations are a function of two key factors: the expectations the stakeholders have towards the focal actors and the focal actors’ responses to them on the one hand, and the cues that enter the stakeholders’ radar screens combined with possible attention seeking on behalf of the focal actors, on the other.