A Strategic Management Perspective on Host Country Structure of Multinational Enterprises
提出应从战略管理中的资源基础模型和决策模型重新审视跨国企业的寡头垄断与内部化理论,强调不确定性下的战略制定和利用企业特定资源获取竞争优势对东道国市场内部化决策的重要性,并重新定义交易成本效率在子公司治理结构中的作用。
This article proposes that the oligopoly power and internalization models of the multinational enterprise should be reviewed in light of the newly developing resource-based model of strategy and managerial decision-making models of strategic management. The perspective described here suggests that strategy-making under conditions of uncertainty and the drive to gain competitive advantage from deployment of firm-specific resources are important issues in the internalization decision of the MNE in a host market. The role of transaction cost efficiency in generating subsidiary governance structures is redefined to be compatible with the demands of these additional considerations of the multinational strategic manager.