LOGOSMALL MULTINATIONALENTERPRISES UNDERGLOBALIZATIONGary Knight (2009)Student: JC Pham, A1008300
CONCLUSIONS & RESEARCHDIRECTIONSCONTENTSINTRODUCTION OF ISMEsTHE CONTEXT: GLOBALIZATIONFINDINGS ON ISMEsKEY THEORETICAL PE...
INTRODUCTION• International business was the domain oflarge MNEs historically• The emergency of a relatively new class ofi...
CHARACTERISTICS OF ISMEORIGINS OF MULTINATIONALSSMALL SIZE & MODESTRESOURCE BASEBREAK THE USUALINCREMENTALLYINTERNATIONAL ...
Development ofcontemporary ICtechnologyFACILITATORS THEINTERNATIONALIZATION OF ISMESTHE CONTEXT: GLOBALIZATIONOngoing inte...
FINDINGS ON ISMEsREASONS UNDERLYING THE PHENOMENONREVEAL THE DIFFERENTIATINGCHARACTERISTICS & BEHAVIORSDEVELOP EXPLAINTORY...
KEY THEORETICAL PERSPECTIVES123•Lack long standing strategic momentum•Fewer infrastructural & mental barriers•Flexibility ...
CONCLUSIONS• ISMEs are faring well in their pursuit of foreignmarkets by making use a particular constellationof knowledge...
REASSESS TRADITIONAL MODELS ?THERE’S NO EMPIRICAL DATA OF THE EXTENT &NATURE OF PHENOMENON WERE COLLECTED?EX: IN COMPARABL...
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Jc small multinational-enterprises_under_globalization_knight

  1. 1. LOGOSMALL MULTINATIONALENTERPRISES UNDERGLOBALIZATIONGary Knight (2009)Student: JC Pham, A1008300
  2. 2. CONCLUSIONS & RESEARCHDIRECTIONSCONTENTSINTRODUCTION OF ISMEsTHE CONTEXT: GLOBALIZATIONFINDINGS ON ISMEsKEY THEORETICAL PERSPECTIVES
  3. 3. INTRODUCTION• International business was the domain oflarge MNEs historically• The emergency of a relatively new class ofinternational firm, ISMEs or born- globals inthe landscape of international trade &investment, by the late 1990s– Simon’s (1996) investigation of 500 “hiddenchampions” in niche markets– Becoming substantially more numerous thantraditional, large multinational firms– An important phenomenon that may be the resultof contemporary global forces (Knight, 2009)
  4. 4. CHARACTERISTICS OF ISMEORIGINS OF MULTINATIONALSSMALL SIZE & MODESTRESOURCE BASEBREAK THE USUALINCREMENTALLYINTERNATIONAL PROCESSVERY FLEXIBLE ANDPROACTIVELY LEARNINGORIENTEDYOUNG AGES ANDINTERNATIONAL AT VERYFIRST YEAR OF ITSFOUNDING14253ABLE TO LINK RESOURCESFROM MULTI-COUNTRIES6STRONG NETWORK ANDTIGHTLY MANAGEDORGANIZATIONAL CULTURE7
  5. 5. Development ofcontemporary ICtechnologyFACILITATORS THEINTERNATIONALIZATION OF ISMESTHE CONTEXT: GLOBALIZATIONOngoing integration ofNational economiesThe convergence of buyerLifestyles & needsExtensivemulti-country operationsReduce the cost ofFirm internationalizationDissemination knowledgeand information globally
  6. 6. FINDINGS ON ISMEsREASONS UNDERLYING THE PHENOMENONREVEAL THE DIFFERENTIATINGCHARACTERISTICS & BEHAVIORSDEVELOP EXPLAINTORY FRAMEWORK OFEARLY INTERNATIONALIZING ISME•ATTEMPTS TO DESCRIBE, UNDERSTAND & INTERPRET THR REASONS OFTHE GROWING EMERGENCY OF THESE FIRMS (Rialp& Knight, 2005)•SUCCESS VIA CONTROL OVER UNIQUE RESOURCES, i.e. KNOWLEDGE AND IN NON-LINEARPROCESS (Oviatt & Mcdougall, 1994; Bell, 1995), ACROSS A WIDE RANGE OF INDUSTRIES(Madsen, Servais, 1997)•THE ROLE OF SPECIFIC ORGANIZATIONAL CAPABILITIES (Burgel& Murray, 1998),INTERNATIONAL MARKETING ORIENTATION (Knight & Cavusgil, 2004) AND ENTREPRENEURIALORIENTATION (Mcdougall & Oviatt, 2000, Zahra & George, 2002, Kuivalainen et al., 2007)•LIMITED RESOURCE BASES BUT HIGHER WILLINGNESS TO TAKE SUBSTANTIALRISKS, LACK EOS BUT EARLIER & FASTER INTERNATIONALIZED (Czinkota et al.,2004; Freeman et al.,2006, Knight & Casvugil, 2004)
  7. 7. KEY THEORETICAL PERSPECTIVES123•Lack long standing strategic momentum•Fewer infrastructural & mental barriers•Flexibility & entrepreneurial maneuverability• Organizational learning orientation to acquire requisiteknowledge ex: international marketing…•Innovative & proactive pursuit of opportunities &relationships across nations•Exploit capabilities thrucomplex bundles of skills &accumulated knowledgeCERTAIN KEY CONCEPTUALFOUNDATIONS HELP EXPLAIN THEEMERGENCE OF ISMES•Firm capacity & culture ofInnovation & R&D activities45 •Unique resources& productpositioning & networ
  8. 8. CONCLUSIONS• ISMEs are faring well in their pursuit of foreignmarkets by making use a particular constellationof knowledge, capabilities, flexibility and uniqueresources to provide superior products• Their rise is partially driven by globalization &advancing technologies• The role of international entrepreneurialorientation, international marketing approaches& business strategies as antecedents
  9. 9. REASSESS TRADITIONAL MODELS ?THERE’S NO EMPIRICAL DATA OF THE EXTENT &NATURE OF PHENOMENON WERE COLLECTED?EX: IN COMPARABLE CONTEXTWHAT ACCOUNTS FOR ISME’SINTERNATIONAL PERFORMANCE & THE ROLEOF COMPANY CHARACTERISTICS AS KSFs?THE OPERATIONAL DEFINITIONS &INDICATIONS OF ISME & INTEGRATEDFRAMEWORK BY MULTI-METHODOLOGIES?FUTURE RESEARCH DIRECTIONS
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