In this summary document you will find a clear summary of all compulsary reading articles and chapters from the book for International Strategy.
If you are interested in the knowledge clips summary as well, please let me know!
International Strategy – Strategic Management – 2022/2023
Inhoud
Article 1.1: Why and how motives (still) matter – Benito (2015)....................................................3
Article 1.2.1: Competitive advantage of nations – Grant (1991).....................................................4
Article 1.2.2: Institutions & internationalization of US venture capital firms – Guler & Gullién
(2010).............................................................................................................................................6
Article 2.1.1: Categorizing the liability of foreignness LoF – Zhou & Guillen (2016).......................7
Article 2.1.2: Cultural distance and firm internatioanlization – Beugelsdijk et al (2018)................9
Article 2.1.3: Dimensions and dynamics of national culture – Beugelsdijk & Welzel (2018).........10
Article 2.2.1:.................................................................................................................................10
Article 2.2.2:.................................................................................................................................10
Article 3.1.1: Location versus home country advantages – Le Bas & Sierra (2002).......................11
Article 3.1.2: Multinational subsidiary evolution – Birkinshaw & Hood (1998)............................12
Article 4.1.1: The strategic nexus of offshoring and outsourcing decision – Mudambi & Venzin
(2010)...........................................................................................................................................15
Article 4.1.2: Understanding offshoring – Kedia & Mukherjee (2009)..........................................16
Article 5.1.1: Punching above their weight – Contractor (2013)...................................................19
Article 5.1.2: The dilemmas of internationalization – Bondy & Starky (2014)..............................21
Article 6.1.1: Comparative & International Corporate Governance – Aguilera & Jackson (2010).22
Article 6.1.2: Corruption from a cross-cultural perspective – Hooker (2009)...............................23
Article 7.1: Trust, Growth and Well-Being – Algan & Cahuc (2014)..............................................24
Book Chapter 5: Combining firm-specific advantages and location advantages in multinational
network........................................................................................................................................25
Book Chapter 6: International innovation....................................................................................27
Book Chapter 7: International sourcing and production...............................................................29
Book chapter 14: The role of emerging economies......................................................................30
Book chapter 15a: International strategies of corporate social responsibility..............................31
Week 1..............................................................................................................................................33
1. Knowledge clip 1 -Organizational Matters & Introduction to International Strategy................33
1. Knowledge clip 2 – Conceptual foundations of international business strategy.......................34
2. Knowledge clip 1 – Home and Host Country Location Advantages...........................................37
2. Knowledge clip 2 – Linking home and host country factors – distance.....................................39
Week 2..............................................................................................................................................40
1. Knowledge clip 1: National Culture, Cultural distance and international business...................40
1. Knowledge clip 2: Institutions and institutional distance..........................................................43
2. Knowledge clip 1: International entry modes...........................................................................44
2. Knowledge clip 2: International entry mode theories...............................................................47
Week 3..............................................................................................................................................49
Knowledge clip 1: Roles of subsidiaries........................................................................................49
Knowledge clip 2: International innovation..................................................................................50
Q&A lecture 5...............................................................................................................................51
Week 4..............................................................................................................................................52
Knowledge clip 1: International sourcing and production............................................................52
Knowledge clip 2: Case example Flextronic..................................................................................53
Week 5..............................................................................................................................................53
Knowledge clip 1: Emerging economies.......................................................................................53
Knowledge clip 2: Emerging economy MNEs................................................................................54
Knowledge clip 3: International corporate social responsibility...................................................55
Week 6..............................................................................................................................................56
Knowledge clip 1: Cross cultural aspects of corporate governance – Aguilera & Jackson (2010). 56
Knowledge clip 2: Business ethics from a cross cultural perspective – Hooker (2009).................58
Week 7..............................................................................................................................................59
Knowledge clip 1 & 2: Trust, Growth and Well-Being – Algan & Cahuc (2014).............................59
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, International Strategy – Strategic Management – 2022/2023
Article 1.1: Why and how motives (still) matter – Benito (2015)
A company’s internationalization is inextricably (onlosmakelijk) linked to the motives underlying it.
Four motives of internationalization (Dunning, 1993):
- Market seeking – find customers
- Efficiency seeking – lower costs
- Resource seeking – resources not available or not obtainable at home
- (Strategic) asset seeking – tangible or intangible assets
These motives are called Foreign Direct Investment (FDI) motives.
Success in pursuing new market opportunities measured in volume sold / sales growth / market share.
Efficiency related performance measured in cost-profit margins / productivity.
Resource performance measured in: input costs / price costs / margins / stability-relibaility of supplies.
Strategic asset performance measured in: new patents / intellectual property rights / new products.
Market seeking
Key location factor size of the market / buying power of the consumer / etc.
How are you going abroad setting up a subsidiary to protect the brand?
What key activities are you going to internationalize marketing and sales / market share
Uppsala internationalization process model
Originally formulated as a theory of how firms expand abroad to pursue new market opportunities.
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