The New MNE: From ‘Internalisation’ to a Theory of Orchestration
22 Pages Posted: 7 Sep 2017
Date Written: June 6, 2017
We critically assess varieties of internalisation theory of the MNE. We discuss their limitations and explain why the time has come to move to an orchestration theory of the MNE. Orchestration theory, rooted in and encompassing the dynamic capabilities framework, helps explain a number of MNE phenomena that challenge internalisation theory, including entrepreneurship, learning, and inter-firm cooperation. We also discuss prospects for further research using an orchestration approach.
Keywords: Orchestration, Internalisation, Multinational Enterprise, Foreign Direct Investment, International Operations
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