In recent years, the concept of business models has gained substantial attention in strategic management literature, as researchers and management practitioners realize that business model is the primary mechanism for value creation and appropriation by firms in a market economy. As such, a...

One of the main challenges for scholars studying micro-level international expansion is to identify new proxies for firm-specific advantages (FSAs), in lieu of - or in addition to - strengths in R&D/patents and advertising/brand names, and to predict which firms are most likely to engage earlier...

Transaction Cost Economics (TCE) as developed by Williamson, builds upon two behavioral assumptions: bounded rationality and opportunism. TCE studies governance mechanisms that “organize transactions so as to economize on bounded rationality while simultaneously safeguarding them against the...

In this chapter we address the lack of sufficient entrepreneurship in multinational enterprises that seek to improve their ability to achieve national responsiveness. The main reason for this deficiency appears to be the transfer of proven routines from the home country, even when it is clear...