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Management International Review

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21.03.2018 | Research Article

The New MNE: ‘Orchestration’ Theory as Envelope of ‘Internalisation’ Theory

verfasst von: Christos N. Pitelis, David J. Teece

Erschienen in: Management International Review | Ausgabe 4/2018

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Abstract

We propose an orchestration theory of the (new) MNE as an envelope of internalisation theory and its variants. We first critically assess extant varieties of internalisation theory of the MNE. We then discuss their limitations and explain why it is important to move from internalisation 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, co-opetition, open innovation, value capture and market and ecosystem co-creation. It entails much more than the make-or-buy decision of internalisation theory and it is more closely aligned to today’s global environment, conceptual developments in cognate fields and the strategies and practices of MNEs. We also discuss prospects for further research using an orchestration approach.

Nächster Artikel A Meta-analysis of the International Experience–Ownership Strategy Relationship: A Dynamic Capabilities View

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Titel: The New MNE: ‘Orchestration’ Theory as Envelope of ‘Internalisation’ Theory
verfasst von: Christos N. Pitelis
David J. Teece
Publikationsdatum: 21.03.2018
Verlag: Springer Berlin Heidelberg
Erschienen in: Management International Review / Ausgabe 4/2018
Print ISSN: 0938-8249
Elektronische ISSN: 1861-8901
DOI: https://doi.org/10.1007/s11575-018-0346-2

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