Analysis of institutions has been at the heart of international business (IB) research, ever since it became established as a credible field of scientific inquiry, starting in the late 1950s. Institutional complexity has been on the rise during the past six decades, thereby requiring new approaches to analyze them, a perspective we coin as “Institutions 2.0.” This research volume provides an overview of some of the most salient dimensions of the present institutional complexity facing managers and policy-makers, who are involved in IB transactions and in establishing institutional frameworks, respectively.
|Title of host publication||Progress in International Business Research|
|Number of pages||20|
|Publication status||Published - 4 Mar 2021|
|Series||Progress in International Business Research|
Bibliographical noteFunding Information:
Even though analysis of sub-national institutions presents new opportunities for research, global trends within the digital economy pose real threats to MNEs that are unable to adapt to this rapidly changing context. In Chapter 19 (“Successful and Unsuccessful Radical Transformation of Multinational Mobile Telephony Companies: The Role of Institutional Context”), Elter, Gooderham, and Stensaker examine the case of Telenor – a firm that was successful with radical transformation 30 years ago and is now trying (unsuccessfully so far), to implement a second disruptive change. Its first transformation resulted from the loss of its state-owned monopoly. At that time, the firm was able both to manage efficiently its existing operations and to explore and develop new opportunities. The firm possessed strong capabilities in R&D and was also able to secure funding from the State. These elements supported its transformation – including its subsequent expansion into many other countries.
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