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International Business Versus International Management? International Strategic Management from the View of point of Internalisation Theory

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  • Peter Buckley

Abstract

This article examines the theoretical bases of both international management and the internalisation approach to international business. Similarities include: attention to the 'make or buy' decision, interaction between locational and organisational variables and attention to internal control mechanisms. International management pays particular attention to the specific constraints on the firm's strategy arising from its history, dominant culture and leadership and to the process of management. The two approaches are used to analyse a single problem: the management of research and development, and it is found that important differences in emphasis remain. The approaches contrast but do not conflict.

Suggested Citation

  • Peter Buckley, 1994. "International Business Versus International Management? International Strategic Management from the View of point of Internalisation Theory," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 1(1), pages 95-104.
    • Handle: RePEc:taf:ijecbs:v:1:y:1994:i:1:p:95-104
    DOI: 10.1080/758540501
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    References listed on IDEAS

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    1. Brown, Wilson B., 1984. "Firm-like behavior in markets : The administered channel," International Journal of Industrial Organization, Elsevier, vol. 2(3), pages 263-276, September.
    2. Casson, Mark, 1991. "The Economics of Business Culture: Game Theory, Transaction Costs, and Economic Performance," OUP Catalogue, Oxford University Press, number 9780198283751.
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    More about this item

    Keywords

    Multinational corporations; International business strategy; Corporate strategy; Management of research and development; JEL classifications: F23; O32;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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