Firms recently face considerable challenges caused by a rather pervasive trend of globalizing economic transactions. Confronted with this challenge, firms are forced to develop and sustain competitive advantages in particular by proactive moves of service innovations to secure their market...

In our paper we challenge the common notion that small and medium sized enterprises (SMEs) have to adapt to the international business environment to be successful when acting in an international context. Although we believe in a need for certain adaption, we claim that the possibility that SME...

Our conceptual paper sheds light on the role of regional headquarters in coordinating the information and knowledge transfer within the transnational company (TNC) understood as globally dispersed network. We presume that organizational units are embedded in an internal network which is mainly...

Cross‐border activities of firms are said to be risky and complicated due to so‐called ‘liabilities of foreignness' (LOF) (Zaheer & Mosakowski 1997; Zaheer 1995). These LOF are difficulties firms in general have to face when acting in environments they are not familiar with. The existence of...

What role do regional headquarters (RHQ) play in the process of spreading knowledge in the internal and external network of transnational companies (TNC)?In our paper we approach this topic based on an understanding of TNC as ‘small world' networks – a concept from the field of social...

The globalisation of the economy goes along with numerous kinds of uncertainty and requires adequate institutional designs in order to avoid disadvantageous situations from the actors' points of view. Institutional designs usually consist of a mix of different institutions that are adapted to...

To analyze a widely observable phenomenon - Industry Transformation - adequately, the authors suggest an approach by paradigmatically compatible evolutionary theories on two interrelating levels: the market level (to be analyzed from a New Austrian Economics' perspective) and the firm level (to...