Purpose – This paper seeks to offer a model on the evolution of the multinational business enterprise (MBE). It is meant to be an alternative to the eclectic paradigm, the preeminent theoretical tool applied in studies of the multinational enterprise (MNE) and foreign direct investment. The...

In this paper, we extend the existing understanding of the Uppsala model to explain a dynamic evolution. We adapt Teece’s distinction between operational and dynamic capabilities to build a theory that explains the characteristics of emerging multinational enterprises’ (EMBEs)...