An extensive summary of all articles and lectures of the course International Strategy (IS), which is part of the MCs Business Administration (International Business track) at the University of Amsterdam. The articles and presentations are combined and divided over six weeks. Studying this summary ...
MSc Business Administration - International Management
International Strategy (6314M0173)
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Summary International Strategy
Master Business Administration, International Management 2020-2021
Detailed summary of the cases and presentations
1
,Table of contents
Week 1: Theoretical foundations of international strategy..............................................................................4
Article 1. Cantwell J., Dunning, J.H., and Lundan, S.M. (2010): an evolutionary approach to understanding
international business activity: the co-evolution of MNEs and the institutional environment.............................6
Article 2. Foss, N.J. & Pedersen, T. (2004): Organizing knowledge processes in the MNC: an introduction....9
Article 3. Rugman, A.M. & Verbeke, A. (1992) - A note on the transnational solution and the transaction
cost theory of multinational strategic management............................................................................................................ 12
Article 4. Porter, M. E. 1986. Changing patterns of international competition.........................................................15
Article 5. Ghemawat, P. 2008. Reconceptualizing international strategy and organization..............................18
Week 2 – Where do MNEs invest?.............................................................................................................................21
Article 1. Benito, & Gripsrud, (1992). The expansion of foreign direct investments: discrete rational
location choices or a cultural learning process?.................................................................................................................... 24
Article 2. Mariotti, S., Piscitello, L. & Elia, S. (2010). Spatial agglomeration of multinational enterprises:
the role of information externalities and knowledge spillovers.......................................................................................26
Article 3. Demirbag, M. & Glaiser, K.W. (2010). Factors determining offshore location choice for R&D
projects: A comparative study for developed and emerging regions.............................................................................28
Article 4. Laamanen, T., Simula, T., & Torstila, S. (2012). Cross-border relocations of headquarters in
Europe....................................................................................................................................................................................................... 30
Week 3 How to invest abroad, entry mode dynamics.......................................................................................33
Article 1. Brouthers, K. D. & Hennart, J. F. 2007. Boundaries of the firm: Insights from international entry
mode research. Journal of Management, 33(3): 395-425...................................................................................................35
Article 2. Kogut, B. (1991). Joint ventures and the option to expand and acquire...................................................38
Article 3. Meyer, K., Estrin, S., Bhaumik, S.K., & Peng, M.W. (2009). Institutions, resources, and entry
strategies in emerging economies................................................................................................................................................. 40
Article 4. Gubbi, S.R., Aulakh, P.S., Ray, S., Sarkar, MB, & Chittoor, R. (2010) Do international acquisitions
by emerging-economy firms create shareholder value? The case of Indian firms...................................................42
Week 4, When to invest abroad.................................................................................................................................45
Article 1. Lieberman, M.B. & Montgomery, D.B. (1988). First mover advantages....................................................46
Article 2. Kerin, R. A.; Varadarajan, P. R.; Peterson, R. A. 1992. First-mover Advantage: A Synthesis,
Conceptual Framework, and Research Propositions............................................................................................................ 49
Article 3. Frynas, J.G., Mellahi, K., & Pigman, G.A. (2006). First mover advantages in international business
and firm-specific political resources............................................................................................................................................ 51
Article 4. Gaba, V., Pan, Y., & Ungson, G.R. (2002). Timing of entry in international market: An empirical
study of US Fortune 500 firms in China...................................................................................................................................... 54
Week 5, How do MNEs manage foreign subsidiaries.........................................................................................57
Article 1. Birkinshaw, J., N. Hood & S. Jonsson (1998). Building Firm-Specific Advantages in Multinational
Corporations: The Role of Subsidiary Initiative...................................................................................................................... 60
2
, Article 2. Monteiro, L.F., Arvidsson, N. & Birkinshaw, J. (2008). Knowledge flows within multinational
corporations: Explaining subsidiary isolation and its performance implications...................................................62
Article 3. Mudambi, R. & Navarra, P. (2004). Is knowledge power? Knowledge flows, subsidiary power and
rent seeking within MNCs................................................................................................................................................................. 65
Article 4. Feinberg, S.E. & Gupta, A.K. (2009). MNC subsidiaries and country risk: Internalization as a
safeguard against weak external institutions......................................................................................................................... 68
Week 6: Multinationality and performance..........................................................................................................72
Article 1. Lu, J., & Beamish, P. (2004) International Diversification and Firm Performance: The S-Curve
Hypothesis............................................................................................................................................................................................... 73
Article 2. Vermeulen, F. & Barkema, H. (2002). Pace, rhythm, and scope: Process dependence in building a
profitable multinational corporation.......................................................................................................................................... 76
Article 3. Chang, S-J. & Rhee, J.R. (2011). Rapid FDI expansion and firm performance.........................................78
Article 4. Hennart, J-F. (2007) The Theoretical Rationale for a Multinationality-Performance Relationship.
...................................................................................................................................................................................................................... 81
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, Week 1: Theoretical foundations of international strategy
Three main issues
1. How MNE theories help us understand what an international strategy is?
Core concepts from TIM course, Cantwell (2010), Foss & Pedersen (2004), Rugman
& Verbeke (1992)
2. How could we define international strategy?
3. What are the main issues to consider for a cross-border strategy?
Porter (1986) and Ghemawat (2008)
Core concepts from Theories of International Management course
- Transaction cost economics (Coase, Williamson)
o Each type of transaction produces coordination costs of monitoring,
controlling, and managing transactions.
- Internalization theory (Buckley, Casson, Hennart)
o Focuses on firm specific advantages a firm should internalize production or
service provision when there is a chance of losing knowledge when the
activity would have been done by a third party.
- OLI / Eclectic paradigm (Dunning)
o Ownership, Location, Internlization advantages for FDI.
- Internationalization Theory (Johanson and Vahlne)
o Focuses on the incremental expansion of MNEs.
- Bridge from internalization theory to strategic management (Rugman):
o FSAs as asset and transactional advantages.
o Important of Location / Non-location bound FSAs.
- The role of subsidiary (Birkinshaw)
- From the 1980s: Industry-based view (Porter)
o Industry-level, notion of competitiveness
- From the 1990s: Resource-Based View (Barney)
o VRIN, tangible/Intangible resources.
o Capabilities are firm-specific abilities to recombine resources.
- From 2000s: Institution-based view (North, Scott, Peng)
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