Shrader (2001) "Collaboration and performance in foreign markets: The case of young high-technology manufacturing firms
27 important questions on Shrader (2001) "Collaboration and performance in foreign markets: The case of young high-technology manufacturing firms
Which important choice should manufacturing firms make regarding the appropriate mode for organizing it foreign activities when going international?
- Exporting
- Licensing
- Franchising
- Joint ventures
- Wholly owned foreign subsidiaries
What is a fundamental dimension of the entry mode decision that directly impacts the degree of control, resource commitment, risk, and 'rent sharing'?
What may multinational firms also choose?
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
How can collaboration with local partners benefit multinational firms?
Where can local firms provide knowledge about?
- Local economies
- Politics
- Cultures
- Business customs
- Demands and tastes
- Information about or access to local labor forces
- Distribution channels
- Infrastructures
- Raw materials
- Other factors required to conduct business in their countries
Why may this particularly be beneficial to high-technology firms?
Where does collaboration allows firms to?
What can provide a more strategic flexibility under conditions of rapid technological change?
Where do the benefits of collaboration stem from?
What can collaboration reduce?
What does the transaction cost theory provide?
What is the transaction cost argument?
What happens with the relationship between collaboration and performance?
What do these transaction costs include?
- Administration, additional payroll and overhead, added plant, property and equipment
- Costs of administration
- Potential inefficiencies that the opportunity costs associated with having assets committed to internal transactions
Where are the transaction costs associated with collaboration directly related to?
- Bounded rationality
- Opportunism
Where do the advantages of internalization stem from?
What can internalization also reduce?
Where do the most important advantages of internalization result form ?
What are the two basic assumptions upon which transaction cost theory is founded which directly relate to the transfer of knowledge to outside partners?
- People are constrained by bounded rationality since they do not access all relevant information, nor they can fully comprehend all the information that is available to them
- Furthermore, people are regarded as opportunistic: they pursue their own self-interest with guile
Where does dissemination risk refers to?
Where are new ventures generally required to compete on?
Why is R&D a major reason for collaboration?
In which way do international new ventures seek to transfer marketing-based advantages to foreign markets/
What does the ability to transfer marketing-based differentiation require?
What does the proliferation of international licensing agreements of international franchises indicate?
Why does this also involve transaction costs?
How can disadvantages of free riding almost entirely mitigated?
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