INDIVIDUAL PROJECT IMBA Harvard Case Solution & Analysis

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The economy at international level was quite different in the 21^st century with a large number of internationally active small and medium-sized organizations based on strategic and organizational innovations. Similarly, the adaptation of OLI framework in internationalizing business has characterized the advantages of MNEs over the national organizations to get the access to all the resources they have. In contradiction, the small and medium-sized organizations originating in the world market were considered as the new comers or born-again multinationals. But the process of internationalization had been accelerated in East Asia by the latecomers MNEs.

On the other hand, a complementary and alternative framework that has been grounded in the process of globalization linkage, leverage and learning. The process of globalization in the 21^stcentury is based on the characterization through increased integration of a large number of small and medium-sized organizations in the international market of the goods production movement and flows of knowledge and information. (Mathews, 2006))

Similarities and Differences:

Based on the analysis and understanding of all the three articles, the similarities that were identified as the key variables of the articles was the concept of internationalization. Article 3 represented the concepts of internalizationin terms of globalization. The establishment or development of FDI by the organizations was considered as a key factor in the process of internationalization by the organizations operating and offering their services of the developing countries. Similarly, one of the other similarities include the challenge faced by the organizations in internationalization i.e. lack of knowledge and skills which is considered important for every organization deciding to expand its services in other countries.

Additionally, the other similarity shared by all the three articles was based on the higher economic growth due anincreased contribution of the organizations from developing countries in the developed markets in different industrial sectors,such as:hotels and hospitality, financial services, steel production, contract manufacturing, building materials, household services, commercial services and many others. On the other hand, the use of implementation of the ownership, location, and internationalization i.e. OLI framework has been discussed in each article, serving as a key advantage to the organization intending to expand services at international level.

The organizations in Latin America demonstrated the opening or launch of their business operations in countries other than countries which may include developing countries representing the capability of increasing the contribution in the global GDP which was estimated to be 1 percent of the world. The other dissimilarity mainly included the difference in the need of developing FDI in first and second article whereas third article demonstrated the need of establishing outward FDI. Furthermore, the organizations mentioned in the article 3 such as Dragon multinationals had successfully expanded its services at international level. Whereas the other two articles demonstrated the need of increased knowledge about the foreign countries which served as a key barrier in internationalization as compared to multinationalization. Furthermore, another dissimilarity was represented by the third article i.e. the growth of the organizations were primarily based on the mergers and acquisitions, partnerships, and joint ventures implemented by Dragon multinational.

Findings

The key findings of the comparison of the perspective over the internationalization of the companies based on the analysis of three articles are:

• The success of the organizations tend to be based on joint ventures and partnerships neglecting the factors that might hinder the organizational growth, such as: skills and knowledge.
• Governments of many states are known to support many firms from developing countries to adopt significant changes in the managerial practices, labor costs and technologies in order to gain a multinationalization advantage.
• The increased importance of emerging markets is due to the consistent flow investments and trade in the economy of the world which has demonstrated significant growth in different areas.
• The absence of knowledge as well as assets required to operate and compete in the market through creation of liabilities of foreignness, newness, and expansion.
• The economy at international level was quite different in the 21^st century with a large number of internationally active small and medium-sized organizations based on strategic and organizational innovations.

Conclusion:

The analysis of the demonstrated a large number of similar concepts in internationalization represented by comparison of three articles. Although there had been significant growth of the contribution of organizations from developing countries in the developed countries economy. It demonstrated some key barriers faced by many organizations in internationalization making it difficult for the organization to pursue multinationalization..........................

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