Khan, Zaheer, Rao-Nicholson, R., Tarba, S.Y. (2018) Global Networks as a Mode of Balance for Exploratory Innovations in a Late Liberalizing Economy. Journal of World Business, 53 (3). pp. 392-402. ISSN 1090-9516. (doi:10.1016/j.jwb.2016.10.002) (KAR id:58075)
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Official URL: http://dx.doi.org/10.1016/j.jwb.2016.10.002 |
Abstract
This article suggests that under weak institutional arrangements, adverse economic conditions, and institutional voids in a late liberalizing economy, local firms that are part of the global value chains of multinational enterprises develop international networks as a balancing strategy to engage in exploratory innovations. We argue that local firms do so in order to counter the negative influences of local institutions on exploratory innovations. Using exploratory in-depth qualitative analysis, we study the suppliers of motorcycle parts in Pakistan that are working with leading Japanese and Chinese motorcycle assemblers. The results suggest that in adverse economic situations local institutional factors can sustain only the development of exploitative innovations. As a balancing strategy, motorcycle part suppliers develop international networks with global Tier 1 suppliers, international trade fairs, and international institutions. This strategy helps circumvent the negative influence of home institutional factors on developing exploratory innovations. Our study highlights the importance of global networks as a balancing strategy for creating exploratory innovations by firms in a late liberalizing economy.
Item Type: | Article |
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DOI/Identification number: | 10.1016/j.jwb.2016.10.002 |
Uncontrolled keywords: | exploratory innovations, exploitative innovations, institutions, late liberalizing economy, motorcycle industry, international networks, Pakistan |
Subjects: | H Social Sciences |
Divisions: | Divisions > Kent Business School - Division > Department of Marketing, Entrepreneurship and International Business |
Depositing User: | Zaheer Khan |
Date Deposited: | 24 Oct 2016 14:28 UTC |
Last Modified: | 05 Nov 2024 10:49 UTC |
Resource URI: | https://kar.kent.ac.uk/id/eprint/58075 (The current URI for this page, for reference purposes) |
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