The multinational enterprise, capabilities, and digitalization: governance and growth with world disorder
回顾了2014年关于国际商务内部化理论与战略管理能力视角整合的文章，以现代汽车为例说明新兴市场跨国企业的学习过程，并讨论了地缘政治不确定性和数字化对国际商务的影响。
Abstract This essay revisits my 2014 JIBS article about the potential for integrating international business internalization theory with a strategic management capabilities perspective. It recaps the capabilities framework with an emphasis on the learning required of emerging market multinationals and illustrates this with the case of Hyundai Motor Company’s internationalization and growth. It also discusses two aspects of the global economy that have become more prominent since 2014 in shaping international business: geopolitical uncertainty and digitalization. A rise in geopolitical tensions appears to be rebalancing the relationships between multinationals and home/host governments. Digitalization facilitates international business; but it adds new vulnerabilities by (further) accelerating competition, enabling new rivals, and introducing systemic risks into digital supply chains. Implications for managers, board members, and international business scholars are drawn.