Networking and internationalization ; How do networks trigger and facilitate Norwegian firms’ entry into Vietnam?
The usefulness of network in the internationalization process has been proven in numerous literatures, mainly as a supporting mechanism, compensating for the lack of experiential knowledge in the foreign market. This paper examines special roles of network in the Vietnamese market entry of Norwegian...
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Format: | Dissertation |
Sprache: | eng |
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Zusammenfassung: | The usefulness of network in the internationalization process has been proven in
numerous literatures, mainly as a supporting mechanism, compensating for the
lack of experiential knowledge in the foreign market. This paper examines special
roles of network in the Vietnamese market entry of Norwegian firms – as a
trigger and facilitator. Using a multiple case study approach, findings of this
qualitative paper illustrate the dynamics of how firms expose themselves to
market potential, sustain in foreign market and benefit from pooled resources
through interaction with their network partners, from individuals to firms and
governmental actors. Case firms were active in building network as a supplement
for market uncertainty and the lack of market knowledge.
The theoretical contribution is that the paper shows how the case companies
responded by actively drawing on their networks in order to overcome the
liabilities of foreignness within a transforming economy. The study is based on a
model where a comprehensive set of involving network actors are carefully
examined, drawn from business, personal and governmental actors. The study also
shows how networks can be expanded either through trade fairs or through
recruitment of well-connected personnel. The paper concludes with managerial
implications and suggestions for further research. |
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