Cross-border market co-creation, dynamic capabilities and the entrepreneurial theory of the multinational enterprise

Pitelis, CN; Teece, DJ

Cross-border market co-creation, dynamic capabilities and the entrepreneurial theory of the multinational enterprise

Pitelis, CN Teece, DJ

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Publication Type:: Journal Article
Citation:: Industrial and Corporate Change, 2010, 19 (4), pp. 1247 - 1270
Issue Date:: 2010-07-02

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Field	Value	Language
dc.contributor.author	Pitelis, CN	en_US
dc.contributor.author	Teece, DJ	en_US
dc.date.issued	2010-07-02	en_US
dc.identifier.citation	Industrial and Corporate Change, 2010, 19 (4), pp. 1247 - 1270	en_US
dc.identifier.issn	0960-6491	en_US
dc.identifier.uri	http://hdl.handle.net/10453/29650
dc.description.abstract	The concepts of asset co-specialization and dynamic capabilities have been instrumental in furthering the organization and strategy scholarship agenda, but have so far had limited impact on the theory of the multinational enterprise (MNE) and foreign direct investment (FDI). In addition, the role of entrepreneurial management in orchestrating system-wide value creation through market and eco-system creation and co-creation, in order to advance private appropriation, has been all but ignored. We claim that these ideas can help explicate the nature of the MNE in the knowledge-based, semi-globalized economy. The nature of the MNE in its turn should not be seen as separable from either the objectives of the agents (entrepreneurs) who set them up or its essence-the employment of strategy to capture co-created value. © The Author 2010. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved.	en_US
dc.relation.ispartof	Industrial and Corporate Change	en_US
dc.relation.isbasedon	10.1093/icc/dtq030	en_US
dc.subject.classification	Business & Management	en_US
dc.title	Cross-border market co-creation, dynamic capabilities and the entrepreneurial theory of the multinational enterprise	en_US
dc.type	Journal Article
utslib.citation.volume	4	en_US
utslib.citation.volume	19	en_US
utslib.for	1402 Applied Economics	en_US
utslib.for	1503 Business and Management	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Management Discipline
utslib.copyright.status	closed_access
pubs.issue	4	en_US
pubs.publication-status	Published	en_US
pubs.volume	19	en_US

Abstract:

The concepts of asset co-specialization and dynamic capabilities have been instrumental in furthering the organization and strategy scholarship agenda, but have so far had limited impact on the theory of the multinational enterprise (MNE) and foreign direct investment (FDI). In addition, the role of entrepreneurial management in orchestrating system-wide value creation through market and eco-system creation and co-creation, in order to advance private appropriation, has been all but ignored. We claim that these ideas can help explicate the nature of the MNE in the knowledge-based, semi-globalized economy. The nature of the MNE in its turn should not be seen as separable from either the objectives of the agents (entrepreneurs) who set them up or its essence-the employment of strategy to capture co-created value. © The Author 2010. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/29650