268 Part 2: Strategic Actions: Strategy Formulation
NOTES
- C. G. Asmussen & N. J. Foss, 2014,
Competitive advantage and the existence
of the multinational corporation: Earlier
research and the role of frictions, Global
Strategy Journal, 4: 49–54; C. N. Pitellis
& D. J. Teece, 2012, Cross-border market
co-creation, dynamic capabilities and the
entrepreneurial theory of the multinational
enterprise. In D. J. Teece (ed.), Strategy,
Innovation and the Theory of the Firm,
Cheltenham, U.K.: Edward Elgar, 341–364;
M. J. Nieto & A. Rodriguez, 2011, Offshoring
of R&D: Looking abroad to improve
innovation performance, Journal of
International Business Studies, 42: 345–361. - S. K. Majumdar & A. Bhattacharjee, 2014,
Firms, markets, and the state: Institutional
change and manufacturing sector
profitability variances in India, Organization
Science, 25: 509–528; R. M. Holmes,
T. Miller, M. A. Hitt, & M. P. Salmador, 2013,
The interrelationship among informal
institutions, formal institutions and inward
foreign direct investment, Journal of
Management, 39: 531–566. - A. Gaur & A. Delios, 2015, International
diversification of emerging market firms:
The role of ownership structure and
group affiliation, Management
International Review, 55: 235–253;
J.-L. Arregle, L. Naldi, M. Nordqvist, &
M. A. Hitt, 2012, Internationalization
of family-controlled firms: A study of
the effects of external involvement in
governance, Entrepreneurship Theory and
Practice, 36: 1115–1143; M. A. Hitt, L. Tihanyi,
T. Miller, & B. Connelly, 2006, International
diversification: Antecedents, outcomes and
moderators, Journal of Management,
32: 831–867. - H. Kim, R. E. Hoskisson, & S. Lee, 2015,
Why strategic factor markets matter:
‘New’ multinationals’ geographic
diversification and firm profitability,
Strategic Management Journal, 36: 518–536;
M. F. Wiersema & H. P. Bowen, 2011, The
relationship between international
diversification and firm performance:
Why it remains a puzzle, Global Strategy
Journal, 1: 152–170. - R. Vernon, 1996, International investment
and international trade in the product
cycle, Quarterly Journal of Economics, 80:
190–207. - 2015, Our strategy, Rio Tinto homepage,
http://www.riotinto.com, accessed on June 16. - J. Hookway, Vietnam’s mobile revolution,
Wall Street Journal, June 15, B4. - M. J. Mol & C. Brewster, 2014, The
outsourcing strategy of local and
multinational firms: A supply base
perspective, Global Strategy Journal, 4:
20–34; J. Li, Y. Li, & D. Shapiro, 2012,
Knowledge seeking and outward FDI of
emerging market firms: The moderating
effect of inward FDI, Global Strategy Journal,
2: 277–295.
- J. P. Murmann, S. Z. Ozdemir, & D. Sardana,
2015, The role of home country demand in
the internationalization of new ventures,
Research Policy, 44: 1207–1225; K. E. Meyer,
R. Mudambi, & R. Nanula, 2011,
Multinational enterprises and local
contexts: The opportunities and challenges
of multiple embeddedness, Journal of
Management Studies, 48: 235–252. - 2015, Our stores, Carrefour Group
homepage, http://www.carrefour.com, June 18. - D. Gray, 2014, What Tesco can learn from
Carrefour, Stores Magazine, September, 66. - V. Mallet, 2014, Narendra Modi prepares
to raise India’s FDI limits, Financial Times,
http://www.ft.com, May 30; T. R. Annamalai &
A. Deshmukh, 2011, Venture capital and
private equity in India: An analysis of
investments and exits, Journal of Indian
Business Research, 3: 6–21. - S. L. Fourné, J. P. Jansen, & T. M. Mom,
2014, Strategic agility in MNEs: Managing
tensions to capture opportunities across
emerging and established markets,
California Management Review, 56(3): 13–38;
R. Ramamurti, 2012, What is really different
about emerging market multinationals?
Global Strategy Journal, 2: 41–47. - P. Regnér & J. Edman, 2014, MNE
institutional advantage: How subunits
shape, transpose and evade host country
institutions, Journal of International
Business Studies, 45: 275–302; M. Carney,
E. R. Gedajlovic, P. M. A. R. Heugens, M. van
Essen, & J. van Oosterhout, 2011, Business
group affiliation, performance, context,
and strategy: A meta-analysis, Academy of
Management Journal, 54: 437–460;
B. Elango, 2009, Minimizing effects
of “liability of foreignness”: Response
strategies of foreign firm in the United
States, Journal of World Business, 44: 51–62. - 2013, Midrange growth strategy starting
from fiscal year 2013, News Release, http://www.
takeda.com, May 9; K. Inagaki & J. Osawa,
2011, Takeda, Toshiba make $16 billion
M&A push, Wall Street Journal, http://www.wsj.
com, May 20; K. Iagaki, 2011, Takeda buys
Nycomed for $14 billion, Wall Street Journal,
http://www.wsj.com, May 20. - K. Kalasin, P. Dussauge, & M. Rivera-
Santos, 2014, the expansion of emerging
economy firms into advanced markets:
The influence of intentional path-breaking
change, Global Strategy Journal, 4: 75–103;
A. Verbeke & W. Yuan, 2013, The drivers
of multinational enterprise subsidiary
entrepreneurship in China: A resource-
based view perspective, Journal of
Management Studies, 50: 236–258; S. B. Choi,
S. H. Lee, & C. Williams, 2011, Ownership
and firm innovation in transition economy:
Evidence from China, Research Policy, 40:
441–452.
- 2015, Corporate, Ford Motor Company,
http://www.ford.com, accessed June 19;
N. E. Boudette, 2011, Ford forecasts sharp
gains from Asian sales, Wall Street Journal,
http://www.wsj.com, June 8. - D. McCann, 2014, One Ford, One Finance.
CFO, July, 16–17. - R. Erkelens, B. Hooff, M. Huysman, & P. Vlaar,
2015, Learning from locally embedded
knowledge: Facilitating organizational
learning in geographically dispersed
settings, Global Strategy Journal, 5: 177–197;
A. H. Kirka, G. T. Hult, S. Deligonul,
M. Z. Perry, & S. T. Cavusgil, 2012, A
multilevel examination of the drivers of
firm multinationality: A meta-analysis,
Journal of Management, 38: 502–530;
L. Nachum & S. Song, 2011, The MNE as
a portfolio: Interdependencies in MNE
growth trajectory, Journal of International
Business Studies, 42: 381–405. - M. Kim, 2015, Geographic scope, isolating
mechanisms, and value appropriation,
Strategic Management Journal, in press;
G. Qian, T. A. Khoury, M. W. Peng, &
Z. Qian, 2010, The performance implications
of intra- and inter-regional geographic
diversification, Strategic Management
Journal, 31: 1018–1030; H. Zou & P. N. Ghauri,
2009, Learning through international
acquisitions: The process of knowledge
acquisition in China, Management
International Review, 48: 207–226. - R. Sambharya & J. Lee, 2014, Renewing
dynamic capabilities globally: An empirical
study of the world’s largest MNCs,
Management International Review, 54:
137–169; Y. Zhang, H. Li, Y. Li, & L.-A. Zhou,
2010, FDI spillovers in an emerging market:
The role of foreign firms’ country origin
diversity and domestic firms’ absorptive
capacity, Strategic Management Journal,
31: 969–989; J. Song & J. Shin, 2008, The
paradox of technological capabilities:
A study of knowledge sourcing from host
countries of overseas R&D operations,
Journal of International Business Studies,
39: 291–303. - N. Hashai & P. J. Buckley, 2014, Is
competitive advantage a necessary
condition for the emergence of the
multinational enterprise? Global Strategy
Journal, 4: 35–48; F. J. Froese, 2013, Work
values of the next generation of business
leaders in Shanghai, Tokyo and Seoul, Asia
Pacific Journal of Management, 30: 297–315. - F. Lo & F. Lin, 2015, Advantage transfer
on location choice and subsidiary
performance, Journal of Business Research,
68: 1527–1531; A. Gambardella &
M. S. Giarratana, 2010, Localized knowledge