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Alan M. Rugman (1945-2014) was a leading scholar in the field of international business. In his last academic role, he served as Head of International Business and Strategy at Henley Business School, University of Reading in Reading, UK. [1]
The English-born Rugman earned his B.A. in economics from Leeds University in 1966, followed by an M.Sc. in economic development (1967) from London University (SOAS). He later became a Canadian citizen and earned his Ph.D. in economics in 1974 from Simon Fraser University in Vancouver, British Columbia, Canada. [2] He died in July 2014.
Rugman has held academic posts at the University of Toronto, Dalhousie University, University of Winnipeg, University of Oxford, and Indiana University, and visiting professor positions at several other major universities including Columbia University Business School, Harvard University, M.I.T, and London Business School. He is a Fellow of the Academy of International Business (AIB) and was president of AIB from 2004 to 2006. [2] He served as outside advisor to two Canadian prime ministers on issues of trade, FDI and international competitiveness, and in such capacity advised on the negotiation and adoption of the North American Free Trade Agreement. [2]
While the conversation in academia and the public surrounding "globalization" grew in the late 1990s and early 2000s and works such as Thomas Friedman's The World is Flat gained notoriety, Rugman proposed that most of the world's largest firms are mainly regional [3]
Rugman authored or coauthored more than 400 publications including books, book chapters and journal articles. [4]
Selected books
Selected journal articles
In economics, internationalization or internationalisation is the process of increasing involvement of enterprises in international markets, although there is no agreed definition of internationalization. Internationalization is a crucial strategy not only for companies that seek horizontal integration globally but also for countries that addresses the sustainability of its development in different manufacturing as well as service sectors especially in higher education which is a very important context that needs internationalization to bridge the gap between different cultures and countries. There are several internationalization theories which try to explain why there are international activities.
Sumantra Ghoshal was an Indian scholar and educator. He served as a Professor of Strategic and International Management at the London Business School, and was the founding Dean of the Indian School of Business in Hyderabad. Ghoshal met Christopher Bartlett while he was a PhD student at Harvard. Both of whom have gone on to become frequent contributors at Harvard Business Review and both have collaborated in writing several influential books and articles relating to leadership and organization managements.
International business refers to the trade of Goods and service goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale.
Ram Mudambi is the Frank M. Speakman Professor of Strategy at the Fox School of Business and Management at Temple University. He has published over a hundred refereed journal articles and six books on the multinational strategies of entrepreneurial firms; the location and research and development strategies of multinational firms, and the politics of international business. Mudambi served as a co-editor of the Global Strategy Journal published by the Strategic Management Society (SMS). He also serves as a department editor at the Journal of International Business Policy published by the Academy of International Business (AIB). He is a Consulting Editor of the Journal of International Business Studies, and serves on the editorial boards of the Asia Pacific Journal of Management, Journal of World Business, Industry and Innovation and the Journal of International Management. He writes novels too.
Zoltan J. Acs is an American economist. He is Professor of Management at The London School of Economics (LSE), and a professor at George Mason University, where he teaches in the Schar School of Policy and Government and is the Director of the Center for Entrepreneurship and Public Policy. He is also a visiting professor at Imperial College Business School in London and affiliated with the University of Pecs in Hungary. He is co-editor and founder of Small Business Economics.
John Harry Dunning was a British economist and is widely recognised as the father of the field of international business. He researched the economics of international direct investment and the multinational enterprise from the 1950s until his death. In the 1980s, he published the eclectic paradigm or OLI-Model/Framework as further development on Internalization theory. OLI remains the predominant theoretical perspective to study international business activities, notably foreign direct investment and multinational enterprises. His first book, American Investment in British Manufacturing Industry (1958), is the first seminal work in the international business field.
Gabriel Robertstad Garcia Benito is a Norwegian economist, Professor of Strategy and International Business and a previous Dean of Doctoral Studies at BI Norwegian Business School, in Oslo, Norway. He is known for his work on foreign direct investments.
Rajneesh Narula, is an economist and academic. He is Professor of International Business Regulation and Director of the John H. Dunning Center for International Business at Henley Business School, University of Reading in Reading, UK.
Internalization theory is a branch of economics that is used to analyse international business behaviour. Internalization theory focuses on imperfections in intermediate product markets. Two main kinds of intermediate product are distinguished: knowledge flows linking research and development (R&D) to production, and flows of components and raw materials from an upstream production facility to a downstream one. Most applications of the theory focus on knowledge flow. Proprietary knowledge is easier to appropriate when intellectual property rights such as patents and trademarks are weak. Even with strong protections firms protect their knowledge through secrecy. Instead of licensing their knowledge to independent local producers, firms exploit it themselves in their own production facilities. In effect, they internalise the market in knowledge within the firm. The theory claims the internalization leads to larger, more multinational enterprises, because knowledge is a public good. Development of a new technology is concentrated within the firm and the knowledge then transferred to other facilities.
The Reading School of International Business is widely understood in the field of international business (IB), management and economics to embody a stream of conceptual, and theoretically-driven empirical research, and consists of a group of economists that have a common approach to analyzing multinational enterprise and foreign direct investment. Some are based in the Department of Economics and in Henley Business School at the University of Reading, England, but membership is international. The Reading School builds upon the pathbreaking theoretical work of Peter Buckley and Mark Casson on internalization theory. This was complemented by simultaneous work by John Dunning as he developed the eclectic paradigm of international business as an envelope explanation containing three principal drivers of foreign direct investment, comprising ownership (O); location (L); and internalization (I). The Reading School approach continues through the work of its academic disciples around the world, as well as through The John Dunning Centre at Henley Business School, University of Reading, under the directorship of Rajneesh Narula.
Sidney John Gray PhD FASSA FCCA CPA MCMI is an English professor of International Business at the University of Sydney Business School, was President of the International Association for Accounting Education and Research (1992–97), a member of the Accounting Standards Committee (ASC) for the UK and Ireland (1984–87) and is recognised ‘as one of the world's leading scholars in international accounting’. Gray has been a visiting professor in many universities around the world including the University of Amsterdam, Stockholm School of Economics, Kyushu University, University of Hong Kong, Waseda University, National University of Singapore, University of Malaya, University of Hawaii and Kwansei Gakuin University in Japan.
John Morton Stopford was a British organizational theorist, consultant, and Professor of the London Business School, and Head of its Strategic and International Management Area. He was known for his work on management of multinationals, corporate entrepreneurs, and competition.
Christopher A. Bartlett is an Australian organizational theorist, and Emeritus Professor of Business Administration at the Harvard Business School, known for his work on multinational corporation and transnational management with Sumantra Ghoshal.
Lorraine Eden is Professor Emerita of Management in the Mays Business School of Texas A&M University, College Station, Texas. She also holds a joint appointment as a research professor in the Texas A&M School of Law. Dr. Eden is an expert in the field of International Transfer Pricing, which is the pricing of products that move between subunits of Multinational Enterprises (MNEs).
The springboard theory or springboard perspective is an international business theory that elucidates the unique motives, processes and behaviors of international expansion of emerging market multinational enterprises. Springboard theory was developed by Luo and Tung (2007), and has since been used to examine EM MNEs. At the core of this theory is the argument that EM MNEs systematically and recursively use international expansion as a springboard to acquire critical resources needed to compete more effectively against their global rivals at home and abroad and to reduce their vulnerability to institutional and market constraints at home. These efforts are systematic in the sense that “springboard” steps are deliberately designed as a grand plan to facilitate firm growth and as a long-range strategy to establish more solidly their competitive positions in the global marketplace. They are also recursive because such “springboard” activities are recurrent and revolving.
Co-opetition or coopetition – simultaneous competition and cooperation – is an important philosophy or strategy that goes beyond the conventional rules of competition and cooperation to achieve advantages of both. Global co-opetition, an application of co-opetition in a global context, is first systematically addressed in Luo’s (2004) book “Coopetition in international business”. According to this book, global co-opetition refers to the simultaneous competition and cooperation between multinational enterprises (MNEs) and their geographically dispersed business stakeholders such as global rivals, global suppliers, global distributors, global alliance partners, and foreign governments as well as among foreign subsidiaries within an MNE.
Yadong Luo is the Emery M. Findley distinguished chair and professor of management at the University of Miami in Coral Gables, Florida.
Thomas Hutzschenreuter is a German economist. He holds the chair of strategic and international management at the TUM School of Management.
Niron Hashai is an Israeli business scholar. He is a professor of strategy and international business, and the dean of the Arison School of Business at Reichman University.
Anil K. Gupta is an American academic specializing in business strategy. He holds the Michael D. Dingman Chair in Strategy, Globalization, and Entrepreneurship at University of Maryland’s Robert H. Smith School of Business.