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Information is a critical resource in innovation processes. External information can be helpful in innovation processes to complete them successfully. SMEs in particular are therefore advised to draw on consulting in innovation processes, as they cannot ensure the necessary information flow internally due to the lesser resources they have compared to larger companies. To promote economically relevant information of SMEs, the public sector provides specific advisory services. These services, however, are rarely utilized compared to direct customer and supplier contacts. From strategic management's point of view, the involvement of intermediaries in the innovation process is accompanied by the risk of losing specific knowledge to the business environment. Based on an empirical comparative...
...There is an arbitrage opportunity for brokers to bridge several densely ...
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... companies learn the reality that "labor arbitrage" is a short term benefit they increasingly outsour... years, offering client firms the opportunity to select from a range of full-service and special...
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This conceptual paper examines the dynamics of the offshoring of information technology (IT) service work. It considers this important emerging phenomenon from multiple lenses, especially those of international business theories. Research propositions are developed based on the perspectives of home country firms, host nation and the dynamic interactions between the two. Questions for future research are suggested. Already established nations in the field get more opportunities than the new entrants to increase their competitiveness from experience-based knowledge gained as a result of the imitative actions of home country firms.
... business and for expanding the opportunity to attract businesses displaying imitative behavio...Disappearance of labor arbitrage opportunity may render a leading nation noncompeti...
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After thirty years of research on the relationship between internationalization and firm performance, findings on direction and magnitude are still contradictory. This paper quantitatively reviews prior research in an attempt to reconcile the fragmented results. The researchers address the question if and how internationalization relates to firm performance by integrating findings from 36 studies using the method of meta-analysis. They find empirical support for a significant positive relationship at the aggregate level. Equally important, meta-analysis reveals that the relationship is moderated by R&D intensity, product diversification, country of origin, and firm age and size.
...Location theory stresses arbitrage opportunities in factor cost differentials and the... process offers the opportunity to gain a competitive advantage over less internat...
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The IB literature informs people of several ways to measure firms' degree of globalization. In this paper the researchers make the argument that in fact none of the existing indices really measure firms' degree of "global specialization", that is, to what extent their allocation of resources is multidomestic or global. In order to remedy this they introduce a complementary index measuring how firms are configuring their value chains -- whether they are replicating value chain activities from country to country or locating them in globally specialized units in order to exploit an international division of labor. They then test this "global specialization" index empirically on a sample of Danish MNCs. They find that the index is able to identify a distinct group of firms with significantl...
..., global specialization allows MNCs to arbitrage factor cost differences between countries. Deardor... in the industry may see this as an opportunity to reconsider their value chain configuration. Com...
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Although primarily focusing on the internal resource endowment of the firm, RBV has the potential to address the firm's embeddedness in the business environment as well. At present, RBV research lacks a sound understanding of the development of competitive advantages in industries. A change regarding the unit of analysis, however, allows for considering causes and effects on the micro and the macro level as well. The paper stresses the entrepreneurial dimension of RBV and the firm's impact on the environment by comparing RBV and RDA reasoning. Using the explanatory power of the isolating mechanisms and applying system dynamic modelling, it turns out that RBV can move into the direction of a 'New IO'.
... (Conner 1991), others advocate the opportunity to build a new ?Ï' in resource-based terms, and w... labour according to List 1841) and the arbitrage function externally. Finally, by executing the ris...
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The paper models location of banking FDI under volatile demand conditions. In the model, information arrives either through passage of time or though presence in the foreign market. The model is also extended to analyze strategic and simultaneous FDI. The results show that market entry evolves from deferring FDI to partial FDI and only then to full FDI. The switch to partial FDI occurs faster when banks can gather information only through a presence in the foreign market. The switch to partial FDI does not occur when immediate full FDI enables more efficient production. The results are at odds with models developed for predictable demand conditions in which banks switch straight from deferring FDI to full FDI. The paper generates an integrated view of the location of banking FDI.
... has a monopoly over an investment opportunity and the product market is perfectly competitive, i... it connotes a particular feature of the arbitrage process. These assumptions obscure the more genera...