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The planning stages

In: Foreign Direct Investment by Smaller UK Firms: The Success and Failure of First-Time Investors Abroad

Author

Listed:
  • Peter J. Buckley

    (University of Bradford)

  • Gerald D. Newbould

    (Cleveland State University)

  • Jane C. Thurwell

    (Philips International)

Abstract

While the title of this chapter might convey the impression that the forty-three firms, after the preliminaries discussed in Chapter 4, settled down to a planning and evaluation phase prior to a decision, it is legitimate to point out that many of the firms had, at this stage, already made the decision to invest in their first overseas production subsidiary. For some, this was a conscious decision, albeit reached quickly and at an early stage without careful evaluation of the facts. For many, however, the decision was probably not conscious in the sense that the process simply gathered its own momentum, and the result was the establishment of an overseas production subsidiary. Indeed, in some cases, it was difficult to see at what stage prior to the first actual production coming off the line, did someone in the firm sit down and make a conscious decision. The inability to see that decision in some cases does not, however, invalidate the layout of these five chapters into the preliminary stages, the planning stages, the investment stages, control, and lessons and problems, since these represent a logical time sequence in their own right.

Suggested Citation

  • Peter J. Buckley & Gerald D. Newbould & Jane C. Thurwell, 1988. "The planning stages," Palgrave Macmillan Books, in: Foreign Direct Investment by Smaller UK Firms: The Success and Failure of First-Time Investors Abroad, chapter 5, pages 69-97, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-08231-5_5
    DOI: 10.1007/978-1-349-08231-5_5
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