Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
2013 | 1 | nr 2 Modern Challenges for International Business in Europe | 51--58
Tytuł artykułu

The Role of the Top Management Team in the Choice of Entry Modes - Theoretical Perspective

Treść / Zawartość
Warianty tytułu
Języki publikacji
Objective: Launching the process of internationalization is a critical decision, so using combinations of entry modes can be beneficial to sketch an easy and feasible international process. Members of TMT might have some special characteristics to achieve planned objectives and strategies and take appropriate decisions, especially combinations. The objective of the article is to present the main themes of the literature discourse on the role of entry modes and their combinations.

Research Design & Methods: This paper discusses TMT's characteristics that influence on the combinations of entry modes. The research design used here is qualitative because it attempts to describe the importance of these characteristics in as the alternatives in internationalization process.

Findings: The results indicate the importance of considering some characteristics of TMT, and combinations of entry mode as an option to internationalize.

Implications & Recommendations: Combinations of entry mode might enhance the firms' internationalization strategies, making them more effective in the global environment. Knowing the relevant determinants of TMT will lead to more efficient strategies.

Contribution & Value Added: The originality of this work lies in studying some aspects of TMT to select combinations of entry modes which are suited in a given environment. (original abstract)
  • University of Castilla-La Mancha, Spain
  • University of Castilla-La Mancha, Spain
  • Agarwal, S. & Ramaswami, S.N., 1992, 'Choice of foreign market entry mode: Impact of ownership, location and internalization factors', Journal of International Business Studies, vol. 23, no. 1, pp. 1‐27.
  • Andersen, O., 1993, 'On the internationalization process of firms. A critical analysis', Journal of International Business Studies, vol. 24, no. 2, pp. 209‐231.
  • Anderson, E. & Gatignon, H., 1986, 'Modes of foreign entry: A transaction cost analysis and propositions', Journal of International Business Studies, vol. 17, no. 3, pp. 1‐26.
  • Asmussen, C.G., Benito, G.R.G., & Petersen, B., 2009, 'Organizing foreign market activities: From entry mode choice to configuration decisions', International Business Review, vol. 18, no. 2, pp. 145‐155.
  • Barkema, H.G. & Shvyrkov, O., 2007, 'Does Top Management Team diversity promote or hamper foreign expansion?', Strategic Management Journal, vol. 28, no. 7, pp. 663‐680.
  • Benito, G.R.G., Petersen, B. & Welch, L.S., 2009, 'Towards more realistic conceptualisations of foreign operation modes', Journal of International Business Studies, vol. 40, no. 9, pp. 1455‐1470.
  • Benito, G.R.G., Petersen, B. & Welch, L.S., 2011, 'Mode Combinations and International Operations: Theoretical Issues and an Empirical Investigation', Management International Review, vol. 51, no. 6, pp. 803‐820.
  • Brookes, M. & Roper, A., 2010, 'The impact of entry modes on the organisational design of international hotel chains', The Service Industries Journal, vol. 30, no. 9, pp. 1499‐1512.
  • Brouthers, K.D., 2002, 'Institutional, cultural and transaction cost influences on entry mode choice and performance', Journal of International Business Studies, vol. 33, no. 2, pp. 203‐221.
  • Brouthers, K.D. & Brouthers, L.E., 2000, 'Acquisition or Greenfield start‐up? Institutional, cultural and transaction cost influences', Strategic Management Journal, vol. 21, no. 1, pp. 89‐97.
  • Brouthers, K.D., Brouthers, L.E. & Werner, S., 2008, 'Real Options, International Entry Mode Choice and Performance', Journal of Management Studies, vol. 45, no. 5, pp. 936‐960.
  • Brouthers, K.D. & Hennart J.F., 2007, 'Boundaries of the firm: Insights from international entry mode research', Journal of Management, vol. 33, no. 3, pp. 395‐426.
  • Buyl, T., Boone, C., Hendriks, W. & Matthyssens, P., 2010, 'Top Management Team Functional Diversity and Firm Performance: The Moderating Role of CEO Characteristics', Journal of Management Studies, vol. 48, no. 1, pp. 151‐177.
  • Cai, L., Quing, L. & Yu, X., 2013, 'Effects of Top Management Team Heterogeneous Background and Behavioural Attributes on the Performance of New Ventures', Systems Research and Behavioural Science, vol. 30, no. 3, pp. 354‐355.
  • Daszkiewicz, N. & Wach, K., 2012, Internationalization of SMEs. Context, Models and Implementation, Gdańsk University of Technology Publishers, Gdańsk.
  • Hashai, N., Asmussen, C.G., Benito, G.R.G. & Petersen, B., 2010, 'Technological Knowledge Intensity and Entry Mode Diversity', Management International Review, vol. 50, no. 6, pp. 659‐681.
  • Hill, C., Hwang, P. & Kim, W., 1990, 'An eclectic theory of the choice of international entry mode', Strategic Management Journal, vol. 11, no. 2, pp. 117‐128.
  • Knight, D., Pearce, C.L., Smith, K.G., Olian, J.D., Sims, H.P., Smith, K.A. & Flood, P., 1999, 'Top Management Team Diversity, Group process, and Strategic Consensus', Strategic Management Journal, vol. 20, no. 5, pp. 445‐465.
  • Kogut, B. & Singh, H., 1988, 'The effect of national culture on the choice of entry mode', Journal of International Business Studies, vol. 19, no. 3, pp. 411‐432.
  • León, F., Villar, C. & Pla, J., 2011, 'Entry mode choice in the internationalisation of the hotel industry: a holistic approach', The Service Industries Journal, vol. 31, no. 1, pp. 107‐122.
  • López, C., 2008, 'Reacción del mercado de capitales, modos de inversión exterior y experiencia en el país receptor', Revista de Economía Aplicada, vol. 47, no. 16, pp. 77‐99.
  • Luo, Y., 2001, 'Determinants of entry in an emerging economy: A multilevel approach', Journal of Management Studies, vol. 38, no. 3, pp. 443‐472.
  • McNaughton, R.B., 1999, 'Transaction cost analysis and the methodology of foreign‐market entry‐mode studies', Environment and Planning A, vol. 31, no. 4, pp. 575‐596.
  • Morschett, D., Schramm‐Klein, H. & Swoboda, B., 2008, 'Entry Modes for Manufacturers' International After‐Sales Service: Analysis of Transaction‐specific, Firm‐specific and Country‐specific Determinants', Management International Review, vol. 48, no. 5, pp. 525‐549.
  • Mudambi, R. & Mudambi, S.M., 2002, 'Diversification and market entry choices in the context of foreign direct investment', International Business Review, vol. 11, no. 1, pp. 35‐55.
  • Nadolska, A. & Barkema, H.G., 2013, 'Good learners: How Top Management Teams affect the success and frequency of acquisitions', Strategic Management Journal, available online, doi: 0.1002/smj.2172.
  • Nielsen, BB. & Nielsen, S., 2013, 'Top Management Team nationality diversity and firm performance: A multilevel study', Strategic Management Journal, vol. 34, no. 3, pp. 373‐382.
  • Peña‐Vinces, J.C. & Roldán, J.L., 2012, 'Factors Determining of the International Competitiveness of Firms: Evidences from a Latin American Developing Country, Peru'. In XXII Congreso Nacional de ACEDE, Cádiz, pp. 1‐30.
  • Petersen, B. & Welch, L.S., 2002, 'Foreign operation mode combinations and internationalization', Journal of Business Research, vol. 55, no. 2, pp. 157‐162.
  • Pla, J., León, F. & Villar, C., 2011, 'The internationalization of soft‐services: entry modes and main determinants in the Spanish hotel industry', Services Business, vol. 5, no. 2, pp. 139‐154.
  • Santangelo, G. & Meyer, K.E., 2011, 'Extending the internationalization process model: Increases and decreases of MNE commitment in emerging economies', Journal of International Business Studies, vol. 42, no. 7, pp. 894‐909.
  • Welch, L., Benito, G.R.G. & Petersen, B., 2007, Foreign Operation Methods: Theory, Analysis, Strategy. Edward Elgar, Cheltenham.
  • Zhao, H., Luo, Y. & Suh, T., 2004, 'Transaction cost determinants and ownership‐based entry mode choice: a meta‐analytical review', Journal of International Business Studies, vol. 35, no. 6, pp. 524‐544.
Typ dokumentu
Identyfikator YADDA

Zgłoszenie zostało wysłane

Zgłoszenie zostało wysłane

Musisz być zalogowany aby pisać komentarze.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.