The process of internationalization in the operating firm |
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Authors: | Timothy Clark Derek S. Pugh Geoff Mallory |
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Affiliation: | aThe Management Centre, King's College, University of London, Campden Hill Road, London W8 7AH, UK;bOpen University Business School, The Open University, Walton Hall, Milton Keynes MK7 6AA, UK |
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Abstract: | Two factors have been emphasised as influencing the choice of, and subsequent shifts between, modes of foreign market servicing: (1) market-specific knowledge; and (2) the generalised knowledge from operating internationally. The process-oriented literature on internalisation has tended to emphasise the former over the latter. This article maintains that market-specific knowledge is not the only source of information available to a firm. As firms operate in foreign markets they develop, in addition to networks of institutional arrangements, a knowledge of the process of internationalization. Account therefore has to be taken of the general knowledge from operating internationally in understanding the development of institutional arrangements in foreign markets. Consequently, the appropriate unit of analysis is not the individual market but the operating firm as a whole. This argument is illustrated with reference to an empirical study of the internationalization of 25 UK-based organizations. |
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