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Dynamic capabilities, internationalization processes and performance
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DOI：10.1016/j.jwb.2010.05.024.png)
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Abstract
En 中文
Strategies of internationalization have long been the focus of international business and global strategy research. While the major theories - process theory and new venture theory - have substantially contributed to our understanding of internationalization processes, they have not yet fully explained differences in firms' growth and survival rates. Adopting a dynamic capability perspective, we argue that there are two opposing classes of explorative and exploitative capabilities differentially linked to output variables. We introduce the notion of third-order capabilities to balance trade-offs and maximize internationalization performance. A model with some testable propositions is developed which prepares the ground for future empirical research. (C) 2010 Elsevier Inc. All rights reserved.
Keywords:
Dynamic capabilities
Internationalization
Exploitation
Exploration
Growth
Survival
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