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

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  • Christos N. Pitelis
  • David J. Teece

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. Copyright 2010 The Author 2010. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved., Oxford University Press.

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  • Christos N. Pitelis & David J. Teece, 2010. "Cross-border market co-creation, dynamic capabilities and the entrepreneurial theory of the multinational enterprise," Industrial and Corporate Change, Oxford University Press, vol. 19(4), pages 1247-1270, August.
  • Handle: RePEc:oup:indcch:v:19:y:2010:i:4:p:1247-1270
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    Cited by:

    1. Langlois, Richard N., 2013. "Business groups and the natural state," Journal of Economic Behavior & Organization, Elsevier, vol. 88(C), pages 14-26.
    2. repec:spr:scient:v:94:y:2013:i:1:d:10.1007_s11192-012-0744-3 is not listed on IDEAS
    3. Jones, Geoffrey & Pitelis, Christos, 2015. "Entrepreneurial Imagination and a Demand and Supply-side Perspective on the MNE and Cross-border Organization," Journal of International Management, Elsevier, vol. 21(4), pages 309-321.
    4. Christos Pitelis, 2013. "Towards a More ‘Ethically Correct’ Governance for Economic Sustainability," Journal of Business Ethics, Springer, vol. 118(3), pages 655-665, December.
    5. Klein, Peter G. & Mahoney, Joseph T. & McGahan, Anita M. & Pitelis, Christos N., 2009. "Toward a Theory of Public Entrepreneurship," Working Papers 09-0106, University of Illinois at Urbana-Champaign, College of Business.
    6. Jell-Ojobor, Maria & Windsperger, Josef, 2014. "The Choice of Governance Modes of International Franchise Firms — Development of an Integrative Model," Journal of International Management, Elsevier, vol. 20(2), pages 153-187.
    7. repec:oup:jecgeo:v:18:y:2018:i:1:p:139-161. is not listed on IDEAS
    8. repec:spr:manint:v:58:y:2018:i:2:d:10.1007_s11575-017-0337-8 is not listed on IDEAS
    9. repec:spr:manint:v:58:y:2018:i:2:d:10.1007_s11575-017-0320-4 is not listed on IDEAS
    10. Andreas Panagopoulos & Christos N. Pitelis, 2010. "Open innovation and the management of intra-firm conflict," International Journal of Learning and Intellectual Capital, Inderscience Enterprises Ltd, vol. 7(3/4), pages 295-307.
    11. repec:spr:infosf:v:17:y:2015:i:3:d:10.1007_s10796-014-9505-6 is not listed on IDEAS
    12. Claudiu Tiberiu Albulescu & Matei Tămăşilă, 2016. "Exploring the role of FDI in enhancing the entrepreneurial activity in Europe: a panel data analysis," International Entrepreneurship and Management Journal, Springer, vol. 12(3), pages 629-657, September.
    13. Riviere, Monica & Suder, Gabriele, 2016. "Perspectives on strategic internationalization: Developing capabilities for renewal," International Business Review, Elsevier, vol. 25(4), pages 847-858.
    14. repec:ibn:ijmsjn:v:9:y:2017:i:5:p:95-107 is not listed on IDEAS
    15. Alves, Helena & Fernandes, Cristina & Raposo, Mário, 2016. "Value co-creation: Concept and contexts of application and study," Journal of Business Research, Elsevier, vol. 69(5), pages 1626-1633.
    16. Michailova, Snejina & Zhan, Wu, 2015. "Dynamic capabilities and innovation in MNC subsidiaries," Journal of World Business, Elsevier, vol. 50(3), pages 576-583.
    17. Kim, Phillip H. & Li, Mingxiang, 2014. "Injecting demand through spillovers: Foreign direct investment, domestic socio-political conditions, and host-country entrepreneurial activity," Journal of Business Venturing, Elsevier, vol. 29(2), pages 210-231.
    18. Wójcik Piotr, 2015. "Exploring Links Between Dynamic Capabilities Perspective and Resource-Based View: A Literature Overview," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 45(1), pages 83-107, March.
    19. Yi-Ju Lo & Tung Hung, 2015. "Structure offshoring and returns on offshoring," Asia Pacific Journal of Management, Springer, vol. 32(2), pages 443-479, June.
    20. repec:eee:joreco:v:40:y:2018:i:c:p:19-30 is not listed on IDEAS

    More about this item

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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