By Africa Arino, Pankaj Ghemawat, Joan Enric Ricart
Daily, increasingly more businesses embark on overseas enterprise. via a suite of articles via top students in foreign company this publication solutions primary questions equivalent to: How do businesses create worth via international process? What are the resources of worth construction? How do businesses arrange themselves and deal with the method of overseas growth? How does place specificity topic during this procedure? developing worth via worldwide procedure may be of curiosity to teachers and pros in overseas enterprise and administration.
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Additional resources for Creating Value Through International Strategy (International Business)
Either firms seek to sell products and services in foreign markets or they seek to source certain inputs abroad which are simply unavailable or much more expensive at home. Firms might also carry out both activities – and, in fact, many firms do so over time. The next question then becomes: why are all firms not present everywhere around the world? The basic answer is that national borders continue to represent distinct barriers to factor mobility. These barriers include language, customs, norms, different time zones, geographic distance and many other factors not existing within countries, or at least not to the same degree as across borders.
As a result, any attempt to map the chapters in this volume into the framework for thinking about location specificity developed in the previous section will necessarily be imperfect. Accordingly, this section (and, more broadly, this Introduction) should be thought of as offering one possible way of tying together the various contributions in this volume into a whole that is greater than the sum of its parts. The chapters in Part I remind us that location specificity begins at home: that (most) multinational companies have well-established home bases that leave a strong imprint on their process of international expansion: • Kuemmerle (Chapter 3) looks at how firms’ position in their home market influences the process of international expansion.
J. and M. Casson (1976) The Future of the Multinational Enterprise (New York, Holmes & Meier). Introduction to Part I 25 Chung, W. (1991) ‘Identifying Technology Transfer in Foreign Direct Investment: Influence of Industry Conditions and Investing Firm Motives’, Journal of International Business Studies, 32(2), 211–29. Johanson J. and J. Vahlne (1977) ‘The Internationalization Process of the Firm: A Model of Knowledge Development and Increasing Foreign Market Commitment’, Journal of International Business Studies, 8, 23–32.
Creating Value Through International Strategy (International Business) by Africa Arino, Pankaj Ghemawat, Joan Enric Ricart