Internationalization paths of Indian pharmaceutical firms - A strategic group analysis

被引:95
作者
Chittoor, Raveendra [1 ]
Ray, Sougata [1 ]
机构
[1] Indian Inst Management Calcutta, Kolkata 700104, India
关键词
internationalization strategies; emerging economy firms; strategic groups;
D O I
10.1016/j.intman.2007.05.008
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
This paper is an attempt to throw light on the internationalization paths of emerging economy firms through a strategic group analysis of internationalizing firms in the Indian pharmaceutical industry. Strategic group analysis of a proprietary data set of strategic variables from forty firms revealed significant variation in their internationalization strategies. The distinct strategies exhibited different value creation potential, but led to similar levels of performance in terms of return on assets, thus indicating equifinality of different paths to multinationality. Inductively drawing from in-depth analysis of firms from each of the strategic groups, the paper proposes a conceptual model of internationalization for emerging economy firms through a combination of exploitation and exploration strategies along the dimensions of products and markets. Firms that are able to supplement the conventional exploitation strategies with exploration through new products and new markets, by taking advantage of increasingly liberalized economies, could emerge as Third-world multinationals with capabilities that could potentially challenge even MNCs from the developed world. (C) 2007 Published by Elsevier Inc.
引用
收藏
页码:338 / 355
页数:18
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