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Case study about international business
Case study about international business
Case study about international business
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Due to the relatively under-explored research topic and contemporary nature of the phenomenon under investigation of the internationalisation process of SSA firms from Nigeria a case study approach is deemed appropriate for this study. A case study provides the best approach for this study because of the case firms ‘relevance to the research question, research objectives, context and theoretical positioning of this study and small sample size of the study (Silverman, 2013, Yin, 2014). Also, a case study allows to empirically investigate in-depth a contemporary phenomenon within a context, drawing data from multiple sources of evidence for triangulation and convergence (Yeung, 1995; Yin, 2014, p. 16 and 17). Additionally, case study design …show more content…
Consequently, replication and contrast among cases are analyse as individual cases or a single unit “within case” then followed by cross analyse the case firms “cross case analysis” for replicative effect of all cases (Eisenhardt, 1989) This is because the case firms’ encompasses firms from different sectors of the Nigerian economy and would exhibit different approaches on their expansion process. Case Selection Process The four cases were selected based on purposive and theoretical sampling (Yin, 2014) and in such a study, it advisable to choose cases that are polar or extreme in nature (Gray, 2014). Previous studies on the internationalisation of Nigerian firms focus mainly on the banking sector, this study has taken a different approach to investigate firms from various sectors of the Nigerian economy namely - Manufacturing, Banking, Insurance and Information and Technology sector. The cases firms were chosen based on the following criteria (a) the firms’ are incorporated in Nigeria (b) the firms are one of the pioneers with successful internationalising in their respective sectors (c) the firms owned foreign subsidiaries and have engaged in foreign in expansion for at least five years (e) the firm were established between 1980 and 1995 finally (e) the firms could create a base for extending the existing internationalisation …show more content…
Most of the interview was joint interview, in some cases I have to meet with the interviewee two or three times before the actual interview took place. The interviews were recorded and transcribed followed by email communication in some cases. For ethics and confidentiality purpose the interviewees’ identities are not disclosed. The secondary data sources are from firm documents, annual reports, field notes, journal publications, professional institutions ' publications, databases, Government institutions, public domain and company websites. The data analysis process, interpretation and reporting resulted in findings inference and triangulation to generate insight to link the research questions, objectives and extant study. Data from multiple sources were used to create matrices, tabulation and diagram for data reduction and data visualisation (Eisenhardt, 1989) Stemler, 2001; Silverman 2013; Gray, 2014; Yin, 2014; (Thomas, 2006; (Braun & Clarke, 2006; Miles & Huberman
Bianchi, C. & Ostale, E. (2006). Lessons learned from unsuccessful internationalization attempts: Examples of multinational retailers in Chile. Retrieved January 11, 2011, from http://www.carlospitta.com/Courses/Gestion%20Financiera%20Internacional/Cases/Failed%20retail%20attempts%20in%20Chile.pdf
All research fully carried out on Entry nodes on the long run remain limited to large manufacturing firms. The foreign market selection and the choice of its entry modes drastically ascertain the performance of a specific firm. Entry mode can be defined as an arrangement for an organization that is organizing and conducting business in foreign countries like contractual transfers, joint ventures, and wholly owned operations (Anderson, 1997). Internationalization is part of a strategy which is going on for businesses and organizations transfers their operations across the national borders (Melin, 1992). The firm that is planning to have the operations across the border will have to choose the country that they are planning to visit. Anderson (1997) argues that the strategic market entry decisions forms a very important part of an organizational strategy. The decision to go international is part of the internationalization strategy of the firm. Multinational Corporations that desire to have international operations will find the strategy to go international, the mode of entry is very important. Even though there are studies which have shown that the main effect of being pioneers in a market promises superior performance in terms of market share and profitability than the late movers, Luo (1997) and other researchers have found out that the effect of the first mover may be conditional and will depend on the mode of strategy that is used (Isobe, & Montgomery, 2000). There are different strategies that MNCs can use to enter new foreign markets; they include exporting, licensing/franchising, full ownership and joint ventures. The mode of exporting entails a company selling its physical products which are usually manufactured outside the...
The international business development has heightened the importance of international market selection (IMS) of companies, especially for their exporting strategy. However, not many companies really comprehend the geographical, social, economic characteristics of foreign countries in comparison with their home countries (Cavusgil, 1985). This fact has challenged many studies to create the optimal approach for IMS. The major question is: Which foreign market should a company enter? Thus, this report focuses on providing a practical consultancy to evaluate and determine its most appropriate foreign markets.
Firms exist with the purpose of create and deliver economic value (Bensaco et al 2010, p. 365); therefore, business that create better economic value than its competitors will attain an advantage position in market place. Companies might try to improve its sales (profit) through domestic expansion, product diversification or by internationalisation; this report will focus on the reasons of espressamente Illy to expand internationally; additionally, its sources of competitive advantage and, the analysis of three markets in which company want to participate.
Internalization process is something really interesting because companies create their strategy in many different ways. Business organizations may expand from their home countries to foreign countries by setting up replicas (of parts of) their value chains in other countries. Well-known examples of such organizations are those that expand internationally by replicating a format aimed mainly at distribution, such as McDonald’s, ,Starbucks and also IKEA.
Incorporation of SMEs and International companies to better define, penetrate and gain access to both local and international
Colonization can be defined as the action or process of settling among and establishing control over the indigenous people of an area. Many European countries took part in colonization during the age of imperialism, by doing this these countries used their superiority to dominate the economic, political, and cultural life of the weaker nation being colonized. The age of imperialism came at a time after the Industrial Revolution when European nations were seeking new sources of raw materials and markets to sell manufactured products, colonization solved this problem. Industrialized countries of the west sought to expand their economies by obtaining raw materials from their colonies which could be transported back to factories, turned into manufactured goods, and shipped back to the colonies markets for sale. During
From as early the 15th century, Europeans had begun exploring Africa, with Prince Henry the Navigator being the first European to successfully explore Africa (albeit in search of West Indies trade route). Through the centuries, more and more of Africa was explored, with the biggest wave occurring with African slave trade. The eventual downfall of slave trade led to the rise of their colonialism, as European countries, specifically Great Britain, annexed many West African states, including what would become the country of Nigeria. Today, though Nigeria has its own unique identity as a nation, its roots lie in the impact that Great Britain had on it. British colonization of Nigeria massively influenced the course of its cultural development, as seen through Nigeria’s spoken language, system of government, religions, and education system.
Svensson, G., 2001. 'Globalization' of Business Activities: A 'Global Strategy' Approach, Management Decision, 39(1), pp.6-18.
If Africa were a pistol, Nigeria will be the trigger. The country is strategically located on the western brink of the black Continent. Nigeria is bordered by the Gulf of Guinea, between Benin Republic on the west and Cameroon on the east. The country’s location has been of immense benefits as it is an action point for the continent. It is also bounded by the Atlantic Ocean making it more accessible for importation and exportation.
During the colonial period in Nigeria (from about 1850 to 1960), the British, like any other colonial power, asserted their dominance through a variety of media. The colonial experience of Nigeria and Britain, and Nigeria's early post-colonial history can be described, roughly chronologically, in three phases or periods: the formation of a ‘captured' colony, the education and inculcation of ‘proper,' British ways (i.e., the ‘taming' of the colony), and the immediate aftermath of colonialism (i.e., the ‘independence' of the colony). This essay attempts to scrutinize these periods in the light of the theories of Karl Marx, Ernest Gellner, and Jack Snyder. My claim is that Nigeria's colonial relationship with Britain, in general, reflects Marx's theory of the dichotomy between the oppressor and the oppressed, Gellner's theory that domination and oppression is disseminated through educational means, and Snyder's theory on the risks and dangers that young, ‘immature' … countries face when they gamble on democracy
Oesterie, M. J., Richta, H. N., & Fisch, J. H. (2012). The influence of ownership structure on internationalization. International Business Review, 22(1), 187-201.
The issue of the impacts transnational corporations have on less developed countries has been a controversial and much disputed subject within the field of economics and development studies. Researchers using various models such as the Rostow Development model, Harrod Domar model and the Neoclassical Theory Model, have studied these impacts and have tried to come to a conclusion to this issue. Researchers have also conducted many case studies in order to investigate in depth factors contributing to impacts and whether there are differences due to external factors. The issue has grown in importance over the last decade and this paper attempts to discover whether the impacts are beneficial enough in order to uphold transnational corporation activities in less developed countries. The first section is a literature review, which will consist of a brief clarification of economic development and explain different economic development theories, which will help, evaluate whether activities by transnational corporations help accelerate economic development in LDCs. It will also consist of different scholars definitions of outsourcing, networking and linkages further evaluating the costs and benefits of these activities by transactional corporations. The analysis section will consist of a case study of Nigerian offshore drilling. This case study gives a more depth analysis of the negative impacts TNCs can have on LDCs. Transnational companies are contributing to economic development, showing positive and negative impacts transnational corporations have on host countries through real case studies that have been conducted by other researchers. The conclusion section will consist of an examination of all the research prior to this section to...
What is culture? Culture refers to the cumulative deposit of knowledge, experience, beliefs, values, attitudes, meanings, hierarchies, religion, notions of time, roles, spatial relations, concepts of the universe, and material objects and possessions acquired by a group of people in the course of generations through individual and group striving
A role model, according to Microsoft Encarta Dictionary (2009 Edition), is "somebody to be copied: a worthy person who is a good example for other people."