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Week 3 -Internationalization through the leverage of Networks - Coggle…

- - - - Degree of internationalization :
        depends son the firms international vs the market internationalization
        
        early
        
        late
        
        lone international
        
        international amongst others
        
        The earlier the firm internationalizes in comparison to the market the more gradual it internationalize
        higher the degree of internationalization of the firm
        and internationalization of the context among others”), the more internationalization is a matter of
        increased international integration
        later the firm internationalizesthe more its
        internationalization process is dependent on relationships speed up international extension
        
        Strength of ties :
        Weak ties : rarely used don't need a lot of management lead to diversity do ideas
        Strong ties : used frequently need alot of management effort think alike share ideas all the time
        
        (2009) points out that born globals can act
        independently of the network
        strategic decisions are
        important for small knowledge intensive companies and that networks do not only
        determine internationalization.
- - - - Firms are embedded in relationship
        networks that extend beyond the boundaries of the firm.
        
        strong reasons to consider management of external network structures
        
        Relationship development can be costly
        
        Firms can increase efficiency through coordination and collaboration
        
        Firms can become interdependent ( can control one another and loose control to each other )
        
        Networks reduce uncertainty
        
        Time and resource demanding
        
        Difficult to assess the degree of success of the relationship development
        
        Firms learn from each other and adapt their routines to each other to ensure better collaboration
        -Every firms has a unique network position ( because every firm has unique partners )
        
        Network development to a large extent is a knowledge development process :
        
        Firms learn from and about each other
        
        Firms create new knowledge together
        
        Firms develop common knowledge
        
        Conceptual elements:
        
        Every firm has a unique network position ( no two firms have the same partners )
        
        The connection that link partners to each other
        
        Critical strategic points :
        
        Being an insider in intersting networks
        
        1 more item...
- - - - theoretical approach that is based on economic theory may be inappropriate for studies that are relevant for individual firms.
        
        eclectic view
        
        Markets are in equilibrium
        
        Actors are rational
        
        firm is one unit
        
        production investment cost minization
        
        Uppsala model
        
        Markets are constantly chaging some faster than other
        
        Firms are not always rational
        
        MNE is a network by itself with multiple units : Subsidiaries have strong network position thanks to stronger relationships
        
        building developing and coordinating business relationships