Lessons learned from Brazilian multinationals' internationalization strategies

被引:16
作者
Parente, Ronaldo C. [1 ]
Cyrino, Alvaro Bruno [2 ]
Spohr, Nicole [2 ]
de Vasconcelos, Flavio Carvalho [2 ]
机构
[1] Florida Int Univ, Miami, FL 33199 USA
[2] Escola Brasileira Adm Publ & Empresas EBAPE, FGV, BR-22250900 Rio De Janeiro, RJ, Brazil
关键词
Brazilian emerging multinationals; Emerging markets; Institutions; Global crisis; Internationalization strategies;
D O I
10.1016/j.bushor.2013.04.003
中图分类号
F [经济];
学科分类号
02 ;
摘要
Internationalization of emerging market multinationals is a recent phenomenon gaining importance in the global economy. This foreign expansion of a new breed of companies has challenged established theories and practices in the field of international business (Cuervo-Cazurra, 2007). This article addresses the issue of whether or not there is something to learn from these emerging market companies and their foreign expansion. Focusing on the international trajectories of four Brazilian multinationals (i.e., Odebrecht, Embraer, Stefanini, and Marcopolo), this study analyzes their strategies and managerial processes during and after the recent economic crisis with regards to internationalization. Our qualitative fieldwork suggests that the trajectories of these Brazilian multinationals are quite unstructured and evolve as a reaction to the opportunities they face in international markets. It seems all four companies in our sample shared a strong entrepreneurial spirit and a high motivation to expand their international operations despite the crisis and the obstacles they faced. Our findings and suggestions in terms of lessons learned should provide valuable implications for multinational managers from other emerging markets by providing a better understanding of how Brazilian multinationals expand internationally, deal with economic crisis, and manage relationships with local and foreign institutions. (C) 2013 Kelley School of Business, Indiana University. Published by Elsevier Inc. All rights reserved.
引用
收藏
页码:453 / 463
页数:11
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