The concepts of asset co-specialization and dynamic capabilities have been instrumental in furthering the organization and strategy scholarship agenda, but have so far had limited impact to the theory of the MNE and FDI. In addition, the role of entrepreneurial management in orchestrating...

Establishes a framework within which to analyze the profit distribution of innovations and determines the reasons why imitators may outperform innovators. First, the three fundamental building blocks necessary to explain the distribution of innovations are discussed: the appropriability regime,...

This article begins with some notes on the intellectual climate in which the article of (Winter 1968, Towards a Neo-Schumpeterian Theory of the Firm, The RAND Corporation; 2006, Industrial and Corporate Change, 15, 1) was first written. It identifies core ideas and contentions Sidney Winter...

Anticipating complex contractual issues, which can lead to to market ‘failures', managers often choose to bring economic activity inside the firm. (We are of course using “failure” in a comparative institutional context reflecting an understanding that better ways of organizing are...

A firm's business strategies regarding the choice of a market, market entry timing, and entry mode can significantly influence the firm's performance. A number of factors such as control, experience, and cultural distance can influence the formulation of a firm's market entry strategy – e.g....