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Closing the Knowledge Gap in Foreign Markets : a Learning Perspective

Author: Marjorie A Lyles; Torben Pedersen; Bent Petersen; Copenhagen Business School. CBS. Center for Strategi og Globalisering. SMG. Center for Strategic Management and Globalization. SMG
Publisher: København, 2005
Series: SMG Working paper, 2005-006
Edition/Format:   eBook : Document : English
Summary:
The study explores how firms close their knowledge gaps in relation to business environments of foreign markets. Potential determinants are derived from traditional internationalization process theory as well as more recent literature on organizational learning processes, including the concept of absorptive capacity. Building on these two literature streams a conceptual model is developed and tested on a set of  Read more...
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Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Marjorie A Lyles; Torben Pedersen; Bent Petersen; Copenhagen Business School. CBS. Center for Strategi og Globalisering. SMG. Center for Strategic Management and Globalization. SMG
ISBN: 8791815061 9788791815065
OCLC Number: 767758687
Description: 1 online resource (43 s.)
Series Title: SMG Working paper, 2005-006

Abstract:

The study explores how firms close their knowledge gaps in relation to business environments of foreign markets. Potential determinants are derived from traditional internationalization process theory as well as more recent literature on organizational learning processes, including the concept of absorptive capacity. Building on these two literature streams a conceptual model is developed and tested on a set of primary data of Danish firms and their foreign market operations. The empirical study suggests that factors considered essential in traditional internationalization process theory, such as experiential learning, explains only a very limited part of perceived knowledge gaps. When factors pertaining to the concepts of absorptive capacity and superstitious learning are added, the explanatory power improves significantly. Apparently, our understanding of firms' internationalization processes can be enriched by insights from organizational learning literature. Key words: Internationalization, knowledge gap, absorptive capacity, superstitious learning. JEL Codes: D21, F23, M10

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