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The Uppsala Internationalization Process Model Revisited: From Liability of Foreignness to Liability of Outsidership
Jan Johanson,Jan-Erik Vahlne +1 more
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The Uppsala internationalization process model was revisited in the light of changes in business practices and theoretical advances that have been made since 1977 as mentioned in this paper, and the change mechanisms in the revised model are essentially the same as those in the original version, although they add trust-building and knowledge creation, the latter to recognize the fact that new knowledge is developed in relationships.Abstract:
The Uppsala internationalization process model is revisited in the light of changes in business practices and theoretical advances that have been made since 1977. Now the business environment is viewed as a web of relationships, a network, rather than as a neoclassical market with many independent suppliers and customers. Outsidership, in relation to the relevant network, more than psychic distance, is the root of uncertainty. The change mechanisms in the revised model are essentially the same as those in the original version, although we add trust-building and knowledge creation, the latter to recognize the fact that new knowledge is developed in relationships.read more
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The local co-evolution of firms and governments in the Information Age.
TL;DR: It is argued that engagement in these partnerships is an essential way in which firms and governments co-evolve and create the basis for sustainable economic growth in the Information Age, extending to issues of global governance such as climate change and sustainable development goals.
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Internationalization intensity of clusters and their impact on firm internationalization: the case of Poland
Barbara Jankowska,Marta Götz +1 more
TL;DR: In this article, the impact of clusters on the internationalization of cluster firms is investigated, and the authors show that clusters play an important role in neutralizing the liability of foreignness suffered by cluster entities.
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Going back to the roots of socioemotional wealth
Cristina Cruz,Horacio Arredondo +1 more
TL;DR: In this paper, a review of the behavioral foundations of SEW, exploring the implications of those foundations in the interplay between SEW and financial wealth, is presented, with the main conclusion that if the SEW approach aims at becoming a dominant paradigm in the family business field, then going back to its behavioral foundations is needed.
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Focused and ambidextrous catch-up strategies of emerging economy multinationals
TL;DR: In this paper, the influence of industry environment on emerging economy multinationals' adoption of these catch-up strategies is examined, and the main effects of industry munificence on both catch up strategies and the moderating effect of managerial team's functional diversity towards ambidextrous strategies are investigated.
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The internationalization of Nigerian firms: Motivations and location patterns
TL;DR: In this article, the authors examined the motivations and location patterns of the internationalization process of four Nigerian firms through a multiple case study approach and found that the firm-specific advantages that had been accumulated in the domestic market, coupled with home country factors and regional/host market factors, were key determinants of the motivations in the internationalisation process of Nigerian firms.
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Absorptive capacity: a new perspective on learning and innovation
TL;DR: In this paper, the authors argue that the ability of a firm to recognize the value of new, external information, assimilate it, and apply it to commercial ends is critical to its innovative capabilities.
Journal ArticleDOI
Economic Action and Social Structure: The Problem of Embeddedness
TL;DR: In this article, the extent to which economic action is embedded in structures of social relations, in modern industrial society, is examined, and it is argued that reformist economists who attempt to bring social structure back in do so in the "oversocialized" way criticized by Dennis Wrong.
Posted Content
An Evolutionary Theory of Economic Change
TL;DR: In this paper, the authors developed an evolutionary theory of the capabilities and behavior of business firms operating in a market environment, including both general discussion and the manipulation of specific simulation models consistent with that theory.
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The Commitment-Trust Theory of Relationship Marketing
Robert Morgan,Shelby D. Hunt +1 more
TL;DR: Relationship marketing, established, developing, and maintaining successful relational exchanges, constitutes a major shift in marketing theory and practice as mentioned in this paper, after conceptualizing relationship relationships as a set of relationships.
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Exploration and Exploitation in Organizational Learning
TL;DR: In this paper, the authors consider the relation between the exploration of new possibilities and the exploitation of old certainties in organizational learning and examine some complications in allocating resources between the two, particularly those introduced by the distribution of costs and benefits across time and space.
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