The Dynamic Capabilities of Meta-Multinationals

Global Strategy Journal, Forthcoming

36 Pages Posted: 20 Jun 2016

See all articles by Donald R. Lessard

Donald R. Lessard

Massachusetts Institute of Technology (MIT) - Sloan School of Management

David Teece

Institute for Business Innovation

Sohvi Heaton

Date Written: June 1, 2016

Abstract

Established theories of the multinational enterprise (MNE) were created for a different, less globally competitive world. Today’s MNEs are moving toward the stateless ideal type known as a metanational. Because considerable central authority remains, we call the emerging model the meta-MNE and use the dynamic capabilities framework to analyze this phenomenon. Strong dynamic capabilities, including asset orchestration, are necessary both for the very existence of the meta-MNE and for sustaining its competitive advantage. We draw contrasts between the meta-MNE and the traditional, home-centric MNE. We consider the ways in which nations still matter and the policy implications of the emergence of the meta-MNE. We also discuss recent developments in China that have greatly shaped the environment facing existing and future meta-MNEs.

Suggested Citation

Lessard, Donald R. and Teece, David J. and Heaton, Sohvi, The Dynamic Capabilities of Meta-Multinationals (June 1, 2016). Global Strategy Journal, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2797482

Donald R. Lessard

Massachusetts Institute of Technology (MIT) - Sloan School of Management ( email )

100 Main Street
E62-460
Cambridge, MA 02142
United States
617-253-6688 (Phone)
617-258-6617 (Fax)

David J. Teece

Institute for Business Innovation ( email )

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

No contact information is available for Sohvi Heaton

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