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Decision making in international business

In: Global Business

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  • with Peter J. Buckley

Abstract

This chapter distinguishes three domains of international business theory: the boundaries of the multinational enterprise, the external environment of the enterprise and its internal structure. The central concern of internalisation theory is the boundaries of the firm. Any general theory of international business must analyse the external environment and internal structure as well. Competition dominates the external environment whilst co-operation dominates internal structure. Different models of decision-making are required for each. Different theories of decision-making must therefore be integrated in order to transform internalisation theory into a general theory of international business. This chapter examines how this can be done.

Suggested Citation

  • with Peter J. Buckley, 2023. "Decision making in international business," Chapters, in: Global Business, chapter 9, pages 187-208, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:22129_9
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    File URL: https://www.elgaronline.com/doi/10.4337/9781035308040.00019
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