Key issues in the future of international business research

Key issues in the future of international business research Peter J Buckley

Future Research Directions in International Business Abstract ,[object Object]

The Domain of International Business ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],From Buckley & Lessard (2005) 

A recursive view of research in International Business “ THEORETICAL ROCKS” CONSTRUCTS MAPS “ Concept Push” Generalisation Observation Hypotheses Testing “ Problem/ Observation Pull” Note: This applies to both individual researcher and research community levels From Buckley & Lessard (2005)

Past Major Topics in International Business Research Research Agenda Approximate Dates Topics Country Focus 1 Explaining Flows of FDI Post WWII – to 1970s US FDI in Europe Managerial Issues of Investing Abroad Europe [US  Europe] (Latin America) (Canada) ,[object Object],[object Object],1970’s – 1990 Theories of MNE Strategies of MNE Organization of MNE Foreign Market Servicing Strategies Smaller firms in IB International Economic Integration LDCS Japan (MNEs from LDCS) 4 Little Dragons ,[object Object],[object Object],[object Object],[object Object],Mid 1980’s – 2000 Joint Ventures Alliances (M & A?) Competitiveness Meaning(s) of globalization ‘ Born globals’ Eastern Europe ‘ Asian Crisis’ China

Current research agenda in International Business Research Agenda Approximate Dates Topics Country Focus The Big Question? [Legacy Issues only?] 2000 onwards M&A? Knowledge Management? Geography and Location? Globalization? Fragmentation? New Institutions (NGOS)? Cultural Difference and International Business? China India?

Early international business issue - theory interaction 1970s 2000 1950s 1960s 1990s 1980s Finance Theory Location Theory Organisation Theory Virtual Firms Issue Driven International Business Theory Development Discipline Based Theory Development Trade and FDI Trade Theory Industrial Organisation Theory Theories of FDI Coasean theory of the Firm Transaction Cost Economics Resource Based Theories of the Firm Emerging Economies Transnational Firm and Variants International Management International Joint Ventures Internalisation/ Eclectic Theory Product Cycle Hypothesis Dominance of MNE Monopoly Power of MNCs

The Missing Middle Transaction Cost Economics Geographical Location Theory Relationship Marketing and Branding Internalisation Theory of MNE Discipline Based Theory Issues Outsourcing/Offshoring Emerging Markets Emerging Locations (China/India) Virtual Firm Global Branding and Distribution Resource Based View International Business Theory

IB as a ‘melting pot’ ,[object Object],[object Object],[object Object]

… ..IB as a ‘melting pot’ ,[object Object],[object Object],[object Object]

The Big Picture ,[object Object],[object Object],[object Object]

New IB strategy ,[object Object],[object Object],[object Object],[object Object],[object Object]

Key elements of the global factory ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Globally Distributed Operations Engineering Contractor Design Engineering Branding Marketing BRAND OWNER R&D Contractor Core Functions Outsourced Parts Supplier Contract Assembler Parts Supplier Contract Assembler Parts Supplier Parts Supplier Distributed Manufacturing Warehousing, Distribution and Adaptation Local market Adaptation Parts Supplier Parts Supplier Design Contractor

Emerging countries: Three strategies to build up global factories ,[object Object],[object Object],[object Object]

New Management Skills ,[object Object],[object Object],[object Object],[object Object],[object Object]

Role of Headquarters ,[object Object],[object Object]

Fundamentals ,[object Object],[object Object],[object Object],[object Object]

Original Sources ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Key issues in the future of international business research

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