Fulya TASEL

3617

THE IMPORTANCE OF TIMING OF INTERNATIONALIZATION: A LITERATURE REVIEW

THE IMPORTANCE OF TIMING OF INTERNATIONALIZATION: A LITERATURE REVIEW

Purpose - The objective of this study is to focus on the timing of internationalization for enterprises. Timing of entrance to international markets has an important role in terms of the strategies of the firm that are aiming to open up to different markets. Methodology - The study is conducted using literature review and trying to make an indepth analysis about the importance of timing and internationalization process of companies. Findings- Entering foreign markets and internationalization is very important for companies. The initiation of internationalization process is a critical decision especially related with the timing of entrance. There may be different consequences of entrance time for international markets. Those consequences may generate risks or opportunities for companies. Conclusion- Timing of entrance to international markets has an important role in terms of the strategies of the firm that are aiming to open up to different markets. Sometimes businesses may have the advantage of entering earlier to the market and getting the advantage of being first mover by putting their internationalization strategies into practice earlier, but they may also face the risks of some unknown factors related to be the early entrant. On the other side when businesses prefer to enter international markets with a delay, even if it is less costly than entering the market first, it may be possible that this time the timing of entrance will not result in an advantageous market entry strategy. Therefore, in this study, the importance of the timing of entrance to international markets is tried to be emphasized with a literature research.
Keywords:

Internationalization, international expansion, timing of internationalization, age at entry speed of internationalization,

PDF

___

  • Bembom, M., & Schwens, C. (2018). The role of networks in early internationalizing firms: A systematic review and future research agenda. European Management Journal, 36, 679-694.
  • Buckley, P. J. (1976). The future of the multinational enterprise. New York: Holmes and Meier Publishers.
  • Castellani, D., Montresor, S., Schubert, T., & Vezzani, A. (2017). Multinationality, R&D and productivity: Evidence from the top R&D investors worldwide. International Business Review, 26, 405-416.
  • Cavusgil, S., & Knight, G. (2015). The born global firm: An entrepreneurial and capabilities perspective on early and rapid internationalization. Journal of International Business Studies, 46(1), 3-16.
  • Cheng, C., Zhong, H., & Cao, L. (2020). Facilitating speed of internationalization: The roles of business intelligence and organizational agility. Journal of Business Research, 110, 95-103.
  • Chetty, S., Johanson, M., & Martín, O. M. (2014). Speed of internationalization: Conceptualization, measurement and validation. Journal of World Business, 49, 633-650.
  • Ciravegna, L., Kundu, S., Kuivalainen, O., & Lopez, L. (2019). The timing of internationalization – Drivers and outcomes. Journal of Business Research, 105, 322-332.
  • Clercq, D., Sapienza, H., Yavuz, R., & Zhou, L. (2012). Learning and knowledge in early internationalization research: Past accomplishments and future directions. Journal of Business Venturing, 27, 143-165.
  • Contractor, F., Kumar, V., & Kundu, S. (2007). Nature of the relationship between international expansion and performance: The case of emerging market firms. Journal of World Business, 42, 401-417.
  • Dunning, J. H. (1980). Toward an eclectic theory of international production: Some empirical tests. Journal of International Business Studies, 11(1), 9-31.
  • Fletcher, M., Harris, S., & Richey Jr., R. (2013). Internationalization Knowledge: What, Why, Where, and When? Journal of International Marketing, 21(3), 47-71.
  • García-García, R., García-Canal, E., & Guillén, M. (2017). Rapid internationalization and long-term performance: The knowledge link. Journal of World Business, 52, 97-110.
  • Geleilate, J.-M., Magnusson, P., Parente, R., & Alvarado-Vargas, M. (2016). Home Country Institutional Effects on the Multinationality–Performance Relationship: A Comparison Between Emerging and Developed Market Multinationals. Journal of International Management, 22, 380-402.
  • Hilmersson, M., & Johanson, M. (2016). Speed of SME Internationalization and Performance. Management International Review, 56(1), 67-94.
  • Hsieh, L., Child, J., Narooz, R., Elbanna, S., Karmowska, J., Marinova, S., . . . Zhang, Y. (2019). A multidimensional perspective of SME internationalization speed: The influence of entrepreneurial characteristics. International Business Review, 28, 268-283.
  • Jain, N., Celo, S., & Kumar, V. (2019). Internationalization speed, resources and performance: Evidence from Indian software industry. Journal of Business Research, 95, 26-37.
  • Johanson, J., & Vahlne, J.-E. (1977). The Internationalization Process of the Firm-A Model of Knowledge Development and Increasing Foreign Market Commitments. Journal of International Business Studies, 8(1), 23-32.
  • Jones, M., & Coviello, N. (2005). Internationalisation: conceptualising an entrepreneurial process of behaviour in time. Journal of International Business Studies, 36, 284-303.
  • Kabongo, J., & Okpara, J. (2019). Timing and speed of internationalization: Evidence from African banks. Journal of Business Research, 102, 12-20.
  • Lu, J., & Beamish, P. (2004). International Diversification and Firm Performance: The S-Curve Hypothesis. Academy of Management Journal, 47(4), 598-609.
  • Meschi, P.-X., Ricard, A., & Moore, E. (2017). Fast and Furious or Slow and Cautious? The Joint Impact of Age at Internationalization, Speed, and Risk Diversity on the Survival of Exporting Firms. Journal of International Management, 23, 279-291.
  • Musteen, M., Francis, J., & Datta, D. (2010). The influence of international networks on internationalization speed and performance: A study of Czech SMEs. Journal of World Business, 45, 197-205.
  • Oviatt, B., & McDougall, P. (2005). Toward a theory of international new ventures. Journal of International Business Studies, 36, 29-41.
  • Özbay, D., & Taşel , F. (2020). İşletmeler İçin Uluslararasılaşmanın Önemi ve Finansal Performansa Olan Etkisine Yönelik Bir Araştırma. Alanya Akademik Bakış Dergisi, 4(3), 789-805.
  • Riviere, M., & Suder, G. (2016). Perspectives on strategic internationalization: Developing capabilities for renewal. International Business Review, 25, 847-858.
  • Sapienza, H., Autio, E., George, G., & Zahra, S. (2006). A Capabilities Perspective On The Effects Of Early Interantionalization On Firm Survival and Growth. Academy of Management Review, 31(4), 914-933.
  • Surdu, I., & Narula, R. (2020). Organizational learning, unlearning and re-internationalization timing: Differences between emerging- versus developed-market MNEs. Journal of International Management. doi:https://doi.org/10.1016/j.intman.2020.100784
  • Tuppura, A., Saarenketo, S., Puumalainen, K., Jantunen, A., & Kyläheiko, K. (2008). Linking knowledge, entry timing and internationalization strategy. International Business Review, 17, 473-487.
  • Williams, D., & Crook, T. (2021). Unpacking the age at initial internationalization-performance relationship: A meta-analytic investigation. Journal of Business Venturing Insights, 15. doi:https://doi.org/10.1016/j.jbvi.2020.e00210
  • Wood, E., Khavul, S., Perez-Nordvedt, L., Prakhya, S., & Dabrowski, R. (2011). Strategic Commitment and Timing of Internationalization from Emerging Markets: Evidence from China, India, Mexico, and South Africa. Journal of Small Business Management. doi:https://doi.org/10.1111/j.1540-627X.2011.00324.x
  • Wu, A., & Voss, H. (2015). When does absorptive capacity matter for international performance of firms? Evidence from China. International Business Review, 24, 344-351.
  • Zander, I., McDougall-Covin, P., & Rose, E. (2015). Born globals and international business: Evolution of a field of research. Journal of International Business Studies, 46, 27-35.
  • Zucchella, A., Palamara, G., & Denicolai, S. (2007). The drivers of the early internationalization of the firm. Journal of World Business, 42, 268-280
Journal of Management Marketing and Logistics-Cover
  • Yayın Aralığı: Yılda 4 Sayı
  • Başlangıç: 2014
  • Yayıncı: PressAcademia
Arşiv
Sayıdaki Diğer Makaleler

İÇERİK PAZARLAMASI UYGULAMALARINA YÖNELİK TUTUMLARIN ALGILANAN FAYDALAR İLE İÇERİK PAYLAŞIM DAVRANIŞLARI ARASINDAKİ ARACILIK ROLÜNÜN İNCELENMESİ

Mert INAL, Semih OKUTAN, Yeliz BAS

ENHANCING DISTRIBUTION NETWORK PERFORMANCE: A QUANTITATIVE APPROACH TO DEVELOPING A DISTRIBUTION STRATEGY MODEL

Yang XIONG, Chukwuneke OKORIE, Golda EZEOKE

A STUDY TO DETERMINE THE RELATIONSHIP BETWEEN CONSUMERS’ PERCEPTIONS OF HALAL CERTIFICATES AND THEIR RELIGIOUS ORIENTATIONS

Ferdi AKBIYIK

GHANA’S BANKING SECTOR CLEANUP: ITS REPERCUSSIONS ON CUSTOMER ATTITUDES TOWARDS BANKING

Frederick AFFUM, Kwadwo Ayeh OBİRİ

THE IMPORTANCE OF TIMING OF INTERNATIONALIZATION: A LITERATURE REVIEW

Fulya TASEL

PLANNED OBSOLESCENCE: A KEYWORD ANALYSIS

Baris Batuhan GECİT