Tapping the power of local knowledge: A local-global interactive perspective

Tapping the power of local knowledge: A local-global interactive perspective

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 so...

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Bibliographic Details
Main Authors: LI, Shenxue, EASTERBY-SMITH, Mark, LYLES, Majorie A., CLARK, Timothy Adrian Robert
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2016
Subjects:
Local knowledge
China
Local-global knowledge interaction
Local knowledge disadvantage
Qualitative study
Asian Studies
International Business
Organizational Behavior and Theory
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/6266
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7265/viewcontent/1_s2.0_S1090951616300220_main.pdf
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Institution: Singapore Management University
Language: English
Description
Summary: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.

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