Resource allocations, knowledge network characteristics and entrepreneurial orientation of multinational corporations

Christopher Williams; Soo Hee Lee

doi:10.1016/j.respol.2009.05.007

Resource allocations, knowledge network characteristics and entrepreneurial orientation of multinational corporations

Christopher Williams^*, Soo Hee Lee

^*Corresponding author for this work

The York Management School

Research output: Contribution to journal › Article › peer-review

Abstract

This paper analyses entrepreneurial orientation (EO) in multinational corporations (MNCs) and develops a new typology of MNC EO based on combining R&D and asset growth investment intensities as orthogonal resource allocations. A cluster analysis of US MNCs on these two dimensions reveals three types of entrepreneurial stance: conservative, aggressive-asset growth and balanced. Internal knowledge network characteristics are shown to vary by stance, with more aggressive stances linked to knowledge governance supportive of the entrepreneurship process. In linking entrepreneurial orientation to the knowledge network of the MNC, this paper identifies factors important to the strategic management and on-going renewal of MNCs. In addition, the vector of R&D investment vs. asset growth investment is an indicator of entrepreneurial aggression and presents a new method of understanding the international strategies of MNCs.

Original language	English
Pages (from-to)	1376-1387
Number of pages	12
Journal	Research policy
Volume	38
Issue number	8
DOIs	https://doi.org/10.1016/j.respol.2009.05.007
Publication status	Published - Oct 2009

Keywords

Entrepreneurial orientation
Knowledge network
Multinational corporation
Resource allocation

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10.1016/j.respol.2009.05.007

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abstract = "This paper analyses entrepreneurial orientation (EO) in multinational corporations (MNCs) and develops a new typology of MNC EO based on combining R&D and asset growth investment intensities as orthogonal resource allocations. A cluster analysis of US MNCs on these two dimensions reveals three types of entrepreneurial stance: conservative, aggressive-asset growth and balanced. Internal knowledge network characteristics are shown to vary by stance, with more aggressive stances linked to knowledge governance supportive of the entrepreneurship process. In linking entrepreneurial orientation to the knowledge network of the MNC, this paper identifies factors important to the strategic management and on-going renewal of MNCs. In addition, the vector of R&D investment vs. asset growth investment is an indicator of entrepreneurial aggression and presents a new method of understanding the international strategies of MNCs.",

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AB - This paper analyses entrepreneurial orientation (EO) in multinational corporations (MNCs) and develops a new typology of MNC EO based on combining R&D and asset growth investment intensities as orthogonal resource allocations. A cluster analysis of US MNCs on these two dimensions reveals three types of entrepreneurial stance: conservative, aggressive-asset growth and balanced. Internal knowledge network characteristics are shown to vary by stance, with more aggressive stances linked to knowledge governance supportive of the entrepreneurship process. In linking entrepreneurial orientation to the knowledge network of the MNC, this paper identifies factors important to the strategic management and on-going renewal of MNCs. In addition, the vector of R&D investment vs. asset growth investment is an indicator of entrepreneurial aggression and presents a new method of understanding the international strategies of MNCs.

KW - Entrepreneurial orientation

KW - Knowledge network

KW - Multinational corporation

KW - Resource allocation

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DO - 10.1016/j.respol.2009.05.007

M3 - Article

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ER -

Resource allocations, knowledge network characteristics and entrepreneurial orientation of multinational corporations

Abstract

Keywords

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