List of figures ............................................... ix
List of tables ................................................ xi
List of contributors ........................................ xiii
PART I Basic concepts of international business ............... 1
1 Introduction ................................................ 3
2 The foreign investment decision process .................... 10
YAIR AHARONI
3 International investment and international trade in the
product cycle .............................................. 21
RAYMOND VERNON
4 The Uppsala internationalization process model revisited:
from liability of foreignness to liability of
outsidership ............................................... 33
JAN JOHANSON AND JAN-ERIK VAHLNE
5 The eclectic paradigm as an envelope for economic and
business theories of MNE activity .......................... 60
JOHN H. DUNNING
6 The internalisation theory of the multinational
enterprise: a review of the progress of a research agenda
after 30 years ............................................. 85
PETER J. BUCKLEY AND MARK C. CASSON
Case study I: Internationalization of brewery companies:
the case of Carlsberg ..................................... 108
JENS GAMMELGAARD
PART II. Global strategy ..................................... 115
7 Introduction .............................................. 117
8 Globalisation, economic geography and the strategy of
multinational enterprises ................................. 125
PETER J. BUCKLEY AND PERVEZ N. GHAURI
9 Semiglobalization and international business strategy ..... 149
PANKAJ GHEMAWAT
10 Do regions matter? An integrated institutional and
semiglobalization perspective on the internationalization
of MNEs ................................................... 170
JEAN-LUC ARREGLE, TOYAH L. MILLER, MICHAEL A. HITT, AND
PAUL W. BEAMISH
11 Do managers behave the way theory suggests?
A choice-theoretic examination of foreign direct
investment location decision-making ....................... 201
PETER J. BUCKLEY, TIMOTHY M. DEVINNEY AND JORDAN
J. LOUVIERE
12 Towards more realistic conceptualisations of foreign
operation modes ........................................... 232
GABRIEL R.G. BENITO, BENT PETERSEN AND LAWRENCE S. WELCH
Case study II: Danone: a French multinational expanding
into the global market .................................... 252
SYLVIE HERTRICH, MICHEL KALIKA AND ULRIKE MAYRHOFER
PART III. Organizing the multinational enterprise ............ 257
13 Introduction .............................................. 259
14 Organizing for worldwide eifectiveness: the
transnational solution .................................... 267
CHRISTOPHER A. BARTLETT AND SUMANTRA GHOSHAL
15 Firm resources and sustained competitive advantage ........ 283
JAY BARNEY
16 Knowledge, bargaining power, and the instability of
international joint ventures .............................. 302
ANDREW C. INKPEN AND PAUL W. BEAMISH
17 Mimetic and experiential effects in international
marketing alliance formations of US pharmaceuticals
firms: an event history analysis .......................... 323
SENGUN YENIYURT, JANELL D. TOWNSEND, S. TAMER CAVUSGIL
AND PERVEZ N. GHAURI
Case study III: Renault-Nissan-Daimlar: a global
strategic alliance ........................................ 348
CHRISTOPH BARMEYER AND ULRIKE MAYRHOFER
PART IV. External relationships .............................. 353
18 Introduction .............................................. 355
19 Overcoming the liability of foreignness ................... 362
SRILATA ZAHEER
20 Down with MNE-centric theories: market entry and
expansion as the bundling of MNE and local assets ......... 381
JEAN-FRANÇOIS HENNART
21 Network view of MNCs' socio-political behavior ............ 410
AMJAD HADJIKHANI, JOONG-WOO LEE AND PERVEZ N. GHAURI
22 Weight versus voice: how foreign subsidiaries gain
attention from corporate headquarters ..................... 431
CYRIL BOUQUET AND JULIAN BIRKINSHAW
Case study IV: Axis communications: building the global
market for network surveillance cameras ................... 463
ULF ELG AND JANINA SCHAUMANN
PART V. Culture and international business ................... 471
23 Introduction .............................................. 473
24 Cultural distance revisited: towards a more rigorous
conceptualization and measurement of cultural
differences ............................................... 476
ODED SHENKAR
25 Transforming disadvantages into advantages:
developing-country MNEs in the least developed countries .. 490
ALVARO CUERVO-CAZURRA AND MEHMET GENC
26 Merging without alienating: interventions promoting
cross-cultural organizational integration and their
limitations ............................................... 521
MARY YOKO BRANNEN AND MARK F. PETERSON
27 Psychic distance and buyer-seller interaction ............. 550
LARS HALLÉN AND FINN WIEDERSHEIM-PAUL
Case study V: UniCredit Group: a bank goes East .............. 562
STEFAN SCHMID, DENNIS J. WURSTER AND THOMAS KOTULLA
PART VI. Emerging markets .................................... 567
28 Introduction .............................................. 569
29 The determinants of Chinese outward foreign direct
investment ................................................ 574
PETER J. BUCKLEY, L. JEREMY CLEGG, ADAM R. CROSS, XIN
LIU. HINRICH VOSS AND PING ZHENG
30 Market driving multinationals and their global sourcing
network ................................................... 601
PERVEZ N. GHAURI, VERONIKA TARNOVSKAYA AND ULF ELG
31 Strategies that fit emerging markets ...................... 615
TARUN KHANNA, KRISHNA G. PALEPU AND JAYANT SINHA
32 The hidden risks in emerging markets ...................... 632
WITOLD J. HENISZ AND BENNET A. ZELNER
Case study VI: Internationalization of Indian
pharmaceutical multinationals ............................. 641
SURENDER MUNJAL
Index ........................................................ 650
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