The Theoretical Value of Studying Indian Multinationals
Published: 2009
Author(s) Name: Ravi Ramamurti
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Abstract
The rise of new multinationals in
countries like India provides an
opportunity to revisit and carefully
construct theories of how firms
internationalize—a topic on which
extant theory is weak. Indian firms are
“infant MNEs,” unlike Western firms
that are “mature MNEs.” Indian firms
are also internationalizing in a very
different global context, and can do
so on the basis of different competitive
advantages, than MNEs that came
before. Finally, research on Indian
MNEs can help identify generic
strategies for internationalization,
examples of which are provided in the
article. By pursuing the lines of
inquiry proposed, research on Indian
MNEs can contribute not just to better
local practice but also to broader
theory building about early-stage
internationalization.
Keywords : Indian Multinationals, Internationalization
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