EconPapers    
Economics at your fingertips  
 

The New MNE: ‘Orchestration’ Theory as Envelope of ‘Internalisation’ Theory

Christos N. Pitelis () and David J. Teece
Additional contact information
Christos N. Pitelis: Brunel University London
David J. Teece: University of California, Berkeley

Management International Review, 2018, vol. 58, issue 4, 523-539

Abstract: Abstract We propose an orchestration theory of the (new) MNE as an envelope of internalisation theory and its variants. We first critically assess extant varieties of internalisation theory of the MNE. We then discuss their limitations and explain why it is important to move from internalisation to an orchestration theory of the MNE. Orchestration theory, rooted in and encompassing the dynamic capabilities framework, helps explain a number of MNE phenomena that challenge internalisation theory, including entrepreneurship, learning, co-opetition, open innovation, value capture and market and ecosystem co-creation. It entails much more than the make-or-buy decision of internalisation theory and it is more closely aligned to today’s global environment, conceptual developments in cognate fields and the strategies and practices of MNEs. We also discuss prospects for further research using an orchestration approach.

Keywords: Orchestration; Internalisation; Multinational enterprise; Co-opetition; Co-creation (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s11575-018-0346-2 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:manint:v:58:y:2018:i:4:d:10.1007_s11575-018-0346-2

Ordering information: This journal article can be ordered from
http://www.springer.com/journal/11575

Access Statistics for this article

Management International Review is currently edited by Michael-Jörg Oesterle and Joachim Wolf

More articles in Management International Review from Springer
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2019-05-21
Handle: RePEc:spr:manint:v:58:y:2018:i:4:d:10.1007_s11575-018-0346-2