Browsing by Subject "local knowledge"

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    Tapping the power of local knowledge: A local-global interactive perspective
    (Elsevier, 2016-06) Li, Shenxue; Easterby-Smith, Mark; Lyles, Marjorie A.; Clark, Timothy; Kelley School of Business
    Existing theories of international business and strategy do not fully explain how local knowledge disadvantage faced by foreign investors can be mitigated. We conducted an in-depth qualitative study into four MNCs to investigate the micro-processes of how they generated value from their dispersed sources of local knowledge in China. The results suggest an interactive model: that MNCs employed management processes encompassing three strategically interconnected efforts—global knowledge penetration, local-global knowledge blending, and local-global knowledge integration. The model highlights the interplay between global and local knowledge and challenges extant research that solely focuses on the transfer of either home-based or local knowledge.