Cross-Border Market Co-Creation, Dynamic Capabilities and the Entrepreneurial Theory of the Multinational Enterprise

Industrial and Corporate Change, 19(4), pp.1247-1270

Posted: 27 Oct 2009 Last revised: 15 Dec 2015

See all articles by Christos N. Pitelis

Christos N. Pitelis

Brunel University London

David Teece

Institute for Business Innovation

Date Written: January 1, 2010

Abstract

The concepts of asset co-specialization and dynamic capabilities have been instrumental in furthering the organization and strategy scholarship agenda, but have so far had limited impact to the theory of the MNE and FDI. In addition, the role of entrepreneurial management in orchestrating system-wide value creation through market and eco-system creation and co-creation, in order to advance private appropriation, has been all but ignored. We claim that these ideas can help explicate the nature of the MNE in the knowledge-based, semi-globalized economy. The nature of the MNE in its turn should not be seen as separable from either the objectives of the agents (entrepreneurs) who set them up or its essence – the employment of strategy to capture co-created value.

Keywords: Asset Co-specialisation, Dynamic Capabilities, Cross-border Market and Ecosystem Co-creation, Theory of MNE and FDI, Entrepreneurial Theory

JEL Classification: F21, F23

Suggested Citation

Pitelis, Christos N. and Teece, David J., Cross-Border Market Co-Creation, Dynamic Capabilities and the Entrepreneurial Theory of the Multinational Enterprise (January 1, 2010). Industrial and Corporate Change, 19(4), pp.1247-1270. Available at SSRN: https://ssrn.com/abstract=1493271

Christos N. Pitelis (Contact Author)

Brunel University London ( email )

Brunel Business School
Uxbridge
London, UB8 3PH
United Kingdom

David J. Teece

Institute for Business Innovation ( email )

F402 Haas School of Business, #1930
Berkeley, CA 94720-1930
United States
(510) 642-4041 (Phone)

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