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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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International market entry mode – a systematic literature review
TL;DR: In this paper, the authors examine the literature on market entry modes, a fundamentally important and strategic issue for managers in growing organizations of all sizes in all sector, and present a survey of the literature.
Journal ArticleDOI
Advancing the views on migrant and diaspora entrepreneurs in international entrepreneurship
Maria Elo,Maria Elo,Susanne Sandberg,Per Servais,Rodrigo Basco,Allan Discua Cruz,Liesl Riddle,Florian Taübe +7 more
TL;DR: In this article, the authors advocate the views on migrant and diaspora entrepreneurs in international entrepreneurship, and advocate the role of migrants in the development of international entrepreneurship in the future.
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Outward FDI and profitability of emerging economy firms: Diversifying from home resource dependence in early stage internationalization
TL;DR: This article investigated the effect of conducting FDI on the profitability of emerging economy firms in early stage internationalization and found that FDI can be an effective strategy to alleviate liabilities of emergingness, thus generating positive performance outcomes.
Empirical Studies on the Economic Impact of Trust
TL;DR: In this article, the authors show that more trust is better in various dimensions, from individual income and the location decision of multinational firms to the productivity and technological development of countries, and the development of trust is modeled to explain why there exist such large differences in trust levels between individuals, regions and countries.
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The interplay of effectuation and causation in decision making: Russian SMEs under institutional uncertainty
Igor Laine,Tamara Galkina +1 more
TL;DR: In this article, a longitudinal multiple-case study revealed that although firms simultaneously use both causation and effectuation in their decision making, an increase of institutional uncertainty boosts effectuation, the intensity of both types of decision-making logic varies along the studied period in accordance to changing perceptions of uncertainty.
References
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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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