1,721,436 research outputs found
The Multinational Enterprise and the Emergence of the Global Factory
No full textThe Multinational Enterprise and the Emergence of the Global Factory brings together research papers authored by Peter J. Buckley, focusing on three of the most important empirical and theoretical issues in the global economy: the rise of the 'global factory'; the growth of FDI from emerging economies; recent developments in the theory of IB
The Principle of Congruity in the Analysis of International Business Cooperation.
No full textThis study investigates an under-researched topic: individual-to-individual or team-to-team interac- tions during the alliance pre-formation phase. We develop a general theory based on the principle of congruity for understanding the micro-dynamics of the alliance formation process. The attitudes of each party in an alliance towards their prospective partner depend on the level of mismatch between their initial evaluations of the contributions of each partner, and on their wish intensity and speed to reach congruity. The impact of different managerial cultural backgrounds (special theory) and mind-sets (special theory application) are theorised. Further applications are considered and all are presented as testable propositions.</p
Historical research approaches to the analysis of internationalisation
No full textHistorical research methods and approaches can improve understanding of the most appropriate techniques to confront data and test theories in interna- tionalisation research. A critical analysis of all ''texts'' (sources), time series analyses, comparative methods across time periods and space, counterfactual analysis and the examination of outliers are shown to have the potential to improve research practices. Examples and applications are shown in these key areas of research with special reference to internationalisation processes. Examination of these methods allows us to see internationalisation processes as a sequenced set of decisions in time and space, path dependent to some extent but subject to man- agerial discretion. Internationalisation process research can benefit from the use of historical research methods in analysis of sources, production of time-lines, using comparative evidence across time and space and in the examination of feasible alternative choices.</p
Adam Smith's theory of knowledge and international business theory and practice
No full textThis paper demonstrates that Adam Smith's insights and reasoning can improve the theory of international business, and shed light on its academic practices. Smith was a system builder; his theory of knowledge underpinned his entire oeuvre, and understanding his systematic approach can help current international business to achieve a similarly coherent body of theory. Smith's approach sheds direct light on decision-making in multinational enterprises, and on cultural distance (the "liability of foreignness"). Combining these two areas yields new Smithian insights into multinational enterprises from emerging countries.</p
Forty years of internalisation theory and the multinational enterprise
No full textPurpose - The purpose of this paper is to review the key analytical principles of internalisation theory as a general theory of the multinational enterprise (MNE). It illustrates the vitality, relevance and flexibility of the approach in explaining the continued evolution of the MNE. As a grounded social science theory, it provides, in combination with history and economic geography, satisfying and novel explanations of the key phenomena of the modern globalising economy. Design/methodology/approach - This paper examines the origins and principles of internalisation theory as the foundation theory of the MNE. It considers internalisation theory in the context of current and mainstream theories and concepts in the field of international business. Findings - Internalisation theory is equally valid for the MNEs of yesteryear as it is for those today. The theory continues to have strong explanatory power for MNE activity. Current research areas, such as multiple embeddedness, fine-slicing of the value chain, etc., and other theories, such as dynamic capabilities and the resource-based view, either are subsets of internalisation and thus explained by the theory, or contain weakness and/or inconsistencies not found in internalisation theory. Originality/value - This paper coherently synthesises internalisation theory, its origins and evolution. It shows how commonly held and current concepts and theories are related to internalisation theory or have weaknesses, thus making internalisation theory a superior theory to explain the MNE, and identifies potential applications of the theory to novel research areas in the field of international business.</p
The applied economics of (international) business:A personal perspective
No full textThe applied economics of international business (IB) has been successful in explaining foreign direct investment, the existence and growth of multinational enterprises (MNEs) and in integrating new concepts such as trust in the analysis of joint ventures. It now needs to face challenges in fully integrating culture into the rubric and into a comprehensive analysis of the varied phenomena of globalisation.</p
International Integration and Coordination in the Global Factory
No full textThe new institutional form known as “the global factory” is the key to understanding changes in the configuration of the world economy.The evolution of the global factory requires managers to act as orchestrators orco-ordinators across the system of globally inter-connected firms. Managerialstyles need to accommodate these changes.Integration and coordination in the global factory are critical success factors.Control of information is central to these roles. Location and control are stillkey variables but extra degrees of freedom in location of activities and nonownership forms of control are increasing in importance
The role of technological catch up and domestic market growth in the genesis of emerging country based multinationals
No full textThe paper presents a model that evaluates how upgraded technological capabilities of emerging country based multinationals (EMNCs) and an increase in the domestic market size of large emerging countries affect value chain location choices and the competitiveness of emerging country based firms versus advanced country based ones. The model shows that, even without possessing a competitive advantage in terms of technology and/or brands, EMNCs from large or rapidly technologically advancing countries can become dominant players in the global system. The model highlights the central role of firm level technological intensity and product differentiation in determining the location of value chain activities as well as defining organisational boundaries. Empirical analysis of the location choices of the world's top multinationals from large advanced and emerging countries in 2010 supports the model's predictions.</p
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