Sarathy, June 4, 2012
Seminar- Global Strategy & Emerging Markets.
July 2012
Prof. Ravi Sarathy, Northeastern University
E-mail: r.sarathy@neu.edu
This seminar will review conceptual frameworks and recent research on global strategy & emerging
markets. We will discuss several journal articles at each session, and participants will be assigned an
article each, and requested to make a presentation and lead the discussion for their assigned article
over the course of the seminar.
In addition, at our last class session, each participant will present an outline of a research project on a
topic of their choice within the broad area of global strategy & emerging markets.
The outline will develop the chosen topic, link it to previous research, provide the theoretical
underpinnings, develop and discuss testable propositions / hypotheses, and suggest appropriate
methodology, such as sources of data, use of primary or secondary sources, and statistical tests.
The reading outline below uses abbreviations, as below, for the following journals from which the
readings have been chosen.
GSJ – Global Strategy Journal
JIBS – Journal of International Business Studies
JMS- Journal of Management Studies
MIR – Management International Review
SMJ- Strategic Management Journal
1. July 10, 9 a.m.- 1 p.m.
Introduction:
Sumantra Ghoshal. Global strategy: An Organizing Framework. SMJ 1987, 8: 425-440.
A. Rugman and A. Verbeke. A perspective on regional and global strategies of multinational enterprises.
JIBS 2004, 35: 3-18.
D Thomas, A. Cuervo-Cazurra and M. Y. Brannen. From the editors: Explaining theoretical relationships
in international business: focusing on the arrows, NOT the boxes. JIBS 2011, 42: 1073-1078.
Case: Teva.
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2. July 11, 9 a.m.- 1 p.m.
Global Strategy and Emerging Economies
M. Wright, I. Filatotchev, R. Hoskisson and M. Peng. Strategy Research in Emerging Economies:
Challenging the Conventional Wisdom. JMS 2005, 42: 1-33.
Y. Luo and R. Tung. International expansion of emerging market enterprises: a springboard perspective.
JIBS 2007, 38: 481-498.
M. Peng. D. Wang and Y. Jiang. An institution-based view of international business strategy: a focus on
emerging economies. JIBS 2008, 39: 920-936.
D. Xu and K. Meyer. Linking Theory & Context: ‘Strategy Research in Emerging Economies’ after Wright
et al. (2005). JMS 2012, p. 1-25. doi: 10.1111/j.1467-6486.2012.01051.x
Case: Tata Consultancy Services.
3. July 12, 9 a.m.- 1 p.m.
Case study approaches.
P. Choudhury, J. Geraghty and T. Khanna. A Core-Periphery framework to navigate emerging market
governments- qualitative evidence from a biotechnology multinational. GSJ 2012, 2: 71-87.
M. Koza, S. Tallman and A. Ataay. The Strategic Assembly of Global firms: a microstructural analysis of
Local learning and Global adaptation. GSJ 2011, 1: 27-46.
M. Brannen and C. Voisey. Global Strategy formulation and Learning from the Field: Three modes of
comparative learning and a case illustration. GSJ 2012, 2: 51-70.
M. Peng. The Global Strategy of emerging multinationals from China. GSJ 2012, 2: 97-107.
R. Ramamurti. What is really different about emerging market multinationals. GSJ 2012, 2: 41-47.
4. July 13, 9 a.m.- 1 p.m.
Global Strategy and Inter-Organizational Networks
R. Ma, Y-C Huang and O. Shenkar. Social Networks and Opportunity recognition: A cultural comparison
between Taiwan and the United States. SMJ 2011, 32: 1183-1205.
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M-S. Cheung, M. B. Myers and J. Mentzer. The Value of Relational Learning in Global Buyer-Supplier
Exchanges: A Dyadic perspective and test of the Pie-sharing Premise. SMJ 2011, 32: 1061-1082.
I.P. Mahmood, H. Zhu and E.J. Zajac. Where can Capabilities come from? Network ties and Capability
acquisition in Business Groups. SMY 2011, 32: 820-848.
P. Drnevich and A. Kriaciunas. Clarifying the conditions and limits of the contributions or ordinary and
dynamic capabilities to relative performance. SMJ 2011, 32: 254-279.
5. July 16, 9 a.m.- 1 p.m
Global strategy, innovation and knowledge.
M J Nieto and A. Rodriguez. Offshoring of R&D: Looking abroad to improve innovation performance. JIBS
2011, 42: 345-361.
O. Mihalache, J. Hansen, F. van den Bosch and H. Volberda. Offshoring and Firm Innovation: the
Moderating role of Top Management team attributes. SMJ 2012, DOI: 10.1002/smj.1983
M. Demirbag and K. Glaister. Factors determining Offshore location choice for R&D projects: a
comparative study of Developed and Emerging Regions. JMS 2010, 47: 1534-1560.
P. Figueiredo. The role of Dual Embeddedness in the Innovative Performance of MNE subsidiaries:
Evidence from Brazil. JMS 2011, 48: 417-440.
6. July 16, 2:30 p.m. - 5:30 p.m.
Global Strategy and the Global Business Environment
P. del Sol and J. Kogan. Regional Competitive Advantage based on Pioneering economic reforms: the
case of Chilean FDI. JIBS 2007, 38: 901-927.
J. de la Torre and A. Chacar. Network coordination and Performance among MNEs in Latin America. GSJ
2012, 2: 3-25.
E. Banalieva and R. Sarathy . The Impact of Regional Trade Agreements on the Global Orientation of
Emerging Market Multinationals. MIR 2010, 50: 797-826.
G. Bruton, S. Khavul and H. Chavez. Microlending in emerging economies: Building a new line of inquiry
from the ground up. JIBS 2011, 42: 718-739.
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7. July 17, 9 a.m.- 1 p.m.
Additional topics.
J-F Hennart. A Theoretical assessment of the Empirical literature on the Impact of Multinationality on
Performance. GSJ 2011, 1: 135-151.
E. Banalieva and R. Sarathy. A Contingency Theory of Internationalization-Performance for Emerging
Market Multinational enterprises. MIR 2011, 51: 593-634.
R. Belderbos, W. van Olffen and J. Zou. Generic and Specific Social Learning mechanisms in foreign entry
location choice. SMJ 2011, 32: 1309-1330.
V. Govindrajan and R. Ramamurti. Reverse Innovation, Emerging Markets and Global Strategy. GSJ 2011,
1: 191-205.
8. July 18, 9 a.m.- 1 p.m.
Presentations.
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Additional recommended readings, for future reference.
Strategy and Location
S. Zaheer and L. Nachum. Sense of Place: from Location Resources to MNE Locational Capital. GSJ 2011,
1: 96-108.
D. Dikova and A. van Witteloostuijn. Foreign Direct Investment mode choice: entry and establishment
modes in transition economies. JIBS 2007, 38: 1013-1033.
K. Meyer, R. Mudambi and R. Narula. Multinational Enterprises and Local Contexts: the Opportunities
and Challenges of Multiple Embeddedness. JMS 2011, 48: 235-252.
Firm Performance.
M. Chari and P. David. Sustaining superior performance in an emerging economy: An empirical test in
the Indian context. SMJ 2012, 33: 217-229
M. Acquaah. Social Networking relationships, firm-specific managerial experience and firm performance
in a Transition economy: A comparative analysis of family-owned and nonfamily firms. SMJ 2012, DOI:
10.1002/smj.1973
H. Kim, H. Kim and R. Hoskisson. Does market-oriented institutional change in an emerging economy
make business-group affiliated multinationals perform better? An institution-based view. JIBS 2010, 41;
1141-1160.
Emerging Market Environmental influences.
M. Young, M. Peng, D. Ahlstrom, G. Bruton and Y. Jiang. Corporate Governance in Emerging Economies:
A Review of the Principal-Principal perspective. JMS 2008, 45: 196-220.
J. Boddewyn and J. Doh. Global Strategy and the Collaboration of MNEs, NGOs, and Governments for the
provisioning of Collective Goods in emerging markets. GSJ 2011, 1: 345-361.
Global Strategy & Entrepreneurship
S. Zahra. A theory of international new ventures: a decade of research. JIBS 2005, 36: 20-28.
P. Ellis. Social ties and international entrepreneurship: opportunities and constraints affecting firm
internationalization. JIBS 2011, 42: 99-127.
X. Liu, J. Lu, I. Filatotchev, T. Buck and M. Wright. Returnee entrepreneurs, knowledge spillovers and
innovation in high-tech firms in emerging economies. JIBS 2010, 41: 1183-1197.
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