On the adaptation of the firm’s strategies to the international business environment: a knowledge-based and evolutionary perspective
Autor(a) principal: | |
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Data de Publicação: | 2011 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.8/6164 |
Resumo: | This paper discusses the importance of the adaptation of the firm’s strategies to the International Business Environment (IBE). The IBE is a distinguishing factor in international business studies and the firm’s adaptation to the environment has been presented as a basic survival strategy. We argue that adaptation is a dynamic and largely internally driven process that leads the firm to co-evolve with the external environment. The ability to adapt to different international business environments is developed over time through the firm’s experiences and built into its routines and strategies. We suggest that adaptation incorporates the elements of a planned strategy and of random variation in the search for local peaks given bounded rationality, imperfect information and the current pool of resources and capabilities. The ability to adapt to the environment may be conceptualised as a knowledge-based capability and a potential source of competitive advantage for the multinational corporation. |
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On the adaptation of the firm’s strategies to the international business environment: a knowledge-based and evolutionary perspectiveAdaptationInternational business environmentMNCCapabilitiesEvolutionEnvironmental stabilityThis paper discusses the importance of the adaptation of the firm’s strategies to the International Business Environment (IBE). The IBE is a distinguishing factor in international business studies and the firm’s adaptation to the environment has been presented as a basic survival strategy. We argue that adaptation is a dynamic and largely internally driven process that leads the firm to co-evolve with the external environment. The ability to adapt to different international business environments is developed over time through the firm’s experiences and built into its routines and strategies. We suggest that adaptation incorporates the elements of a planned strategy and of random variation in the search for local peaks given bounded rationality, imperfect information and the current pool of resources and capabilities. The ability to adapt to the environment may be conceptualised as a knowledge-based capability and a potential source of competitive advantage for the multinational corporation.InderscienceIC-OnlineFerreira, Manuel PortugalSerra, Fernando A. RibeiroReis, Nuno2021-08-27T13:20:39Z20112011-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.8/6164engFerreira, M. P., Serra, F. A. R. & Reis, N. (2011). On the adaptation of the firm’s strategies to the international business environment: a knowledge-based and evolutionary perspective. European Journal of International Management, 5(6), 633-655. https://doi.org/10.1504/EJIM.2011.0427351751-676510.1504/EJIM.2011.042735metadata only accessinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-01-17T15:52:31Zoai:iconline.ipleiria.pt:10400.8/6164Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T01:49:28.963063Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
On the adaptation of the firm’s strategies to the international business environment: a knowledge-based and evolutionary perspective |
title |
On the adaptation of the firm’s strategies to the international business environment: a knowledge-based and evolutionary perspective |
spellingShingle |
On the adaptation of the firm’s strategies to the international business environment: a knowledge-based and evolutionary perspective Ferreira, Manuel Portugal Adaptation International business environment MNC Capabilities Evolution Environmental stability |
title_short |
On the adaptation of the firm’s strategies to the international business environment: a knowledge-based and evolutionary perspective |
title_full |
On the adaptation of the firm’s strategies to the international business environment: a knowledge-based and evolutionary perspective |
title_fullStr |
On the adaptation of the firm’s strategies to the international business environment: a knowledge-based and evolutionary perspective |
title_full_unstemmed |
On the adaptation of the firm’s strategies to the international business environment: a knowledge-based and evolutionary perspective |
title_sort |
On the adaptation of the firm’s strategies to the international business environment: a knowledge-based and evolutionary perspective |
author |
Ferreira, Manuel Portugal |
author_facet |
Ferreira, Manuel Portugal Serra, Fernando A. Ribeiro Reis, Nuno |
author_role |
author |
author2 |
Serra, Fernando A. Ribeiro Reis, Nuno |
author2_role |
author author |
dc.contributor.none.fl_str_mv |
IC-Online |
dc.contributor.author.fl_str_mv |
Ferreira, Manuel Portugal Serra, Fernando A. Ribeiro Reis, Nuno |
dc.subject.por.fl_str_mv |
Adaptation International business environment MNC Capabilities Evolution Environmental stability |
topic |
Adaptation International business environment MNC Capabilities Evolution Environmental stability |
description |
This paper discusses the importance of the adaptation of the firm’s strategies to the International Business Environment (IBE). The IBE is a distinguishing factor in international business studies and the firm’s adaptation to the environment has been presented as a basic survival strategy. We argue that adaptation is a dynamic and largely internally driven process that leads the firm to co-evolve with the external environment. The ability to adapt to different international business environments is developed over time through the firm’s experiences and built into its routines and strategies. We suggest that adaptation incorporates the elements of a planned strategy and of random variation in the search for local peaks given bounded rationality, imperfect information and the current pool of resources and capabilities. The ability to adapt to the environment may be conceptualised as a knowledge-based capability and a potential source of competitive advantage for the multinational corporation. |
publishDate |
2011 |
dc.date.none.fl_str_mv |
2011 2011-01-01T00:00:00Z 2021-08-27T13:20:39Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.8/6164 |
url |
http://hdl.handle.net/10400.8/6164 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Ferreira, M. P., Serra, F. A. R. & Reis, N. (2011). On the adaptation of the firm’s strategies to the international business environment: a knowledge-based and evolutionary perspective. European Journal of International Management, 5(6), 633-655. https://doi.org/10.1504/EJIM.2011.042735 1751-6765 10.1504/EJIM.2011.042735 |
dc.rights.driver.fl_str_mv |
metadata only access info:eu-repo/semantics/openAccess |
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metadata only access |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Inderscience |
publisher.none.fl_str_mv |
Inderscience |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799136986775158784 |