Chapter 3 Firms: Just Like an International Firm: The Advantage of Not Being

2021 ◽  
pp. 73-98
Keyword(s):  
Author(s):  
Angela Penrose

After her husband’s death in 1984 and retirement from INSEAD Edith enjoyed the resurgence of interest in her work and its increasing influence on aspects of economic, business, and management theory and on a younger generation of economists, many of whom visited her at her home near Cambridge. The chapter examines the influence of her seminal ideas on some key protagonists of the ‘resource-based view of the firm’, e.g. David Teece, Birger Wernerfelt, J. C. Spender, and Jay Barney. Due to her understanding of the international firm, in particular the oil industry, she undertook consultancies pertaining to arbitration between oil companies and national governments.


Author(s):  
Robyn Klingler-Vidra

Chapter Seven analyzes the findings of the empirical investigations of Hong Kong, Taiwan and Singapore. The critical finding is that domestically-rooted norms are central to states’ distinct learning processes, and therefore norms are the glue that binds the domestic context with international diffusion, and rationality with constructivism. The impact of norms was found to be so strong that, counter to diffusion literature’s hypothesis about specific models leading to greater degrees of convergence, even when policymakers learned about a highly-specific VC policy item, they systematically initiated further studying and conceptualized how a different path – that better fit with their logics of appropriateness – could lead them to the same outcome. The chapter discusses why the three norms investigated – (1) interventionist orientation, (2) private sector financing and (3) local versus international firm preferences – shaped VC policy choices the way that they did in each case.


2017 ◽  
Vol 21 (01) ◽  
pp. 1750005 ◽  
Author(s):  
SASCHA KRAUS ◽  
ALEXANDER BREM ◽  
MIRIAM SCHUESSLER ◽  
FELIX SCHUESSLER ◽  
THOMAS NIEMAND

Internationalization is a hot topic in innovation management, whereby the phenomenon of “Born Globals” is still limited to research in the domains of Entrepreneurship and International Management. As business model design plays a key role for Born Globals, we link these two concepts. For this, we propose hypotheses about the influence of efficiency-centered and novelty-centered business model design on international firm performance. To test these hypotheses, we performed a quantitative survey with 252 founders of international companies in Germany, Switzerland and Liechtenstein. Additionally, we gained further insights through a case study analysis of 11 Born Globals. The results show that business model design matters to international firm performance and the business model design of Born Globals tends to be more efficiency-centered. Based on a multiple case study, we analyzed business models in a more sophisticated way and derived propositions that yielded in an archetype of a Born Global’s business model.


Sign in / Sign up

Export Citation Format

Share Document