TY - JOUR
T1 - Portfolio management of strategic alliances
T2 - An international business perspective
AU - Vapola, Terhi Johanna
AU - Paukku, Markus
AU - Gabrielsson, Mika
N1 - Funding Information:
This research is part of the RESPONSE-project, funded by LIITO-program of TEKES, the Finnish Funding Agency for Technology and Innovation. We want to thank the participating firms and researchers involved in the project.
PY - 2010
Y1 - 2010
N2 - This paper extends the Integration-Responsiveness (Bartlett & Ghoshal, 1989; Prahalad & Doz, 1987) international business framework of multinational companies (MNCs) strategies in order to explain the MNC's various approaches to managing strategic alliance portfolios. Our research shows that the alliance portfolios of MNCs differ significantly with respect to partner integration and partner heterogeneity. We argue that the choice regarding the management of alliance portfolios depends on the MNC's international strategy. The empirical results reveal the impact of local responsiveness through the partner heterogeneity, and the impact of MNC integration on the level of global partner integration respectively.
AB - This paper extends the Integration-Responsiveness (Bartlett & Ghoshal, 1989; Prahalad & Doz, 1987) international business framework of multinational companies (MNCs) strategies in order to explain the MNC's various approaches to managing strategic alliance portfolios. Our research shows that the alliance portfolios of MNCs differ significantly with respect to partner integration and partner heterogeneity. We argue that the choice regarding the management of alliance portfolios depends on the MNC's international strategy. The empirical results reveal the impact of local responsiveness through the partner heterogeneity, and the impact of MNC integration on the level of global partner integration respectively.
KW - 512 Business and Management
KW - Integration
KW - International business management
KW - Portfolio management
KW - Responsiveness
KW - Strategic alliances
KW - Strategy
UR - http://www.scopus.com/inward/record.url?scp=77952554372&partnerID=8YFLogxK
U2 - 10.1016/j.ibusrev.2009.12.004
DO - 10.1016/j.ibusrev.2009.12.004
M3 - Article
AN - SCOPUS:77952554372
SN - 0969-5931
VL - 19
SP - 247
EP - 260
JO - International Business Review
JF - International Business Review
IS - 3
ER -