The Evolution of EMNCS and EMNC Thinking: A Capabilities Perspective
Donald R. Lessard
Massachusetts Institute of Technology (MIT) - Sloan School of Management
June 20, 2013
Forthcoming in Cuervo-Cazurra, A. and Ramamurti, R. 2014. Understanding Multinationals from Emerging Markets. Cambridge: Cambridge University Press.
This chapter explores the parallel evolution of international business forms, the context for international business, and that ways that IB scholars frame these two. It employs a capabilities-based perspective, the RAT-CAT framework, to argue that Emerging Market Multinational Companies do have so-called “O-advantages”, built both on experience at home and learning abroad, and applies this framework both to traditional multinationals based on horizontal FDI and to Global Value Chain Enterprises based on vertical FDI.
Number of Pages in PDF File: 20
Keywords: multinational companies, emerging market multinational companies, capabilities, ownership advantages, global value chains, global strategy
Date posted: August 1, 2013 ; Last revised: February 8, 2014