This paper extends our understanding of the diffusion of technology across firms and nations. The dynamic capabilities perspective in its micro and macro version provides the theoretical framework for an explanation of the international organization of the biotechnology industry. We address two...

Alan Rugman and co-authors argue that globalisation, and with it global strategy, is a myth. This contention rests on a taxonomy of the world's largest firms based on their sales, showing an overwhelming share of home-regional firms. We question the rationales underpinning their classification...