Technological innovation and emerging economy multinationals: the product cycle model revisited
| Autor: | Paz Estrella Tolentino |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
Exploit
Scope (project management) business.industry Third world Technological change Strategy and Management 05 social sciences General Engineering International trade Computer Science Applications Product lifecycle man Multinational corporation 0502 economics and business Industrial relations Economics 050211 marketing business Emerging markets Law 050203 business & management Industrial organization |
| Zdroj: | International Journal of Technology Management. 74:122 |
| ISSN: | 1741-5276 0267-5730 |
| Popis: | This paper challenges the continuing validity of three distinct propositions of the product cycle model of Vernon (1966, 1979) or its extension to Third World Multinationals by Wells (1983, 1986). This is in light of recent developments in the role of rapidly evolving technological capabilities in the emergence and evolution of MNCs from emerging economies (EMNCs). The model states that EMNCs have a narrow scope for innovation confined to imitating and adapting the innovation of the technologically leading companies as standardisation proceeds in the product life cycle. It also proposes that innovations are almost always located in the home country of national firms. Furthermore, firms exploit through international operations their unique home country-derived technological advantages. In challenging these product cycle propositions, the paper builds the case for the increasing relevance of the concepts of localised technological change and technological accumulation in explaining the rapidly evolving technological capabilities of EMNCs. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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