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International expansion of Colombian firms: Understanding their emergence in foreign markets

Published on May 6, 2016
· DOI :10.11144/Javeriana.cao28-51.iecf
Juan Velez-Ocampo2
Estimated H-index: 2
(EAFIT University),
Maria Alejandra Gonzalez-Perez7
Estimated H-index: 7
(EAFIT University)
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Abstract
This paper aims to show that, although there is no evidence of a generalized pattern within the internationalization process of Colombian firms, there are common features in the majority of the observed firms: the election of exportations as the main entrance tool, the entrance to countries within a short geographical and psychological distance, and the development of local strategic advantages that eventually replicate abroad. A poll and a structured interview were used, including numerical and categorical variables, followed by a cross analysis of cases. It was also found that internationalization decisions operate under an ad-hoc basis and rely heavily on the experience and intuition of top decision-makers at the company level.
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  • Citations (2)
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References53
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Published on Jun 1, 2016in Journal of Business Research 4.03
Rodrigo Bandeira-de-Mello8
Estimated H-index: 8
,
Maria Tereza Leme Fleury22
Estimated H-index: 22
+ 1 AuthorsMarina Amado Bahia Gama1
Estimated H-index: 1
Existing literature addresses the concomitant internationalization path of emerging market multinationals (EMNEs) in both advanced and emerging countries. This strategy requires that ambidextrous EMNEs simultaneously explore new capabilities and exploit their home-based capabilities. However, little is known about how this process actually happens. The ambidexterity implementation in emerging multinationals was unbundled by focusing on how three key process variables unfold: operation mode, orga...
10 Citations Source Cite
Published on Nov 1, 2015
Ranell Myles1
Estimated H-index: 1
4,043 Citations
Published on Oct 7, 2014in European Business Review
Maria Alejandra Gonzalez-Perez7
Estimated H-index: 7
(EAFIT University),
Juan Velez-Ocampo2
Estimated H-index: 2
(EAFIT University)
Purpose – This paper aims to provide an examination of the ongoing internationalisation processes undertaken by 30 major multinational Colombian-owned firms. It also presents a theoretical overview and a conceptual framework for the understanding of internationalisation patterns from emerging countries’ multinational enterprises. Design/methodology/approach – This study is built based both on the results collected from comparative case studies based in the literature and empirical observations o...
12 Citations Source Cite
Published on Oct 7, 2014in European Business Review
Mauricio Losada-Otálora1
Estimated H-index: 1
(Universidad Externado de Colombia),
Lourdes Casanova7
Estimated H-index: 7
(SPbU: Saint Petersburg State University)
Purpose – The purpose of this paper is to develop an analytical framework that challenges the condescending view of multinationals of emerging countries. In this paper, it is showed that emerging multinational companies (EMNCs) developed valuable resources that leveraged their internationalization strategies. Design/methodology/approach – An exploratory approach was used to investigate the internationalization strategies of EMNCs. A qualitative study was built on secondary data sources, particul...
5 Citations Source Cite
Published on Jan 1, 2014in Harvard Deusto business review
Javier Santiso1
Estimated H-index: 1
Las economias emergentes, entre ellas America Latina, estan viviendo un notable cambio tecnologico que tiene lugar tanto en companias grandes como en startups. Ademas, se esta produciendo una internacionalizacion acelerada de los grupos latinoamericanos, algo que puede representar una importante oportunidad para Espana. Y es que nuestro pais, ademas de convertirse en un hub para startups europeas hacia America Latina, tambien podria pasar a ser un hub de entrada en Europa para startups procedent...
1 Citations
Published on Aug 1, 2012in Global Strategy Journal 2.73
Alvaro Cuervo-Cazurra32
Estimated H-index: 32
(College of Business Administration)
I analyze how the study of developing country multinational companies (DMNCs) can help extend theory. The renewed interest in DMNCs has generated a ‘Goldilocks’ debate, with one camp arguing that the analysis of DMNCs is ‘hot’ and requires new theory, another camp arguing that it is ‘cold’ and no new theory is required, and a third camp arguing that it is ‘just right’ and it can be used to extend theory. I follow this third camp and argue that the unique conditions of developing countries influe...
227 Citations Source Cite
Published on Aug 1, 2012in Global Strategy Journal 2.73
Rajneesh Narula37
Estimated H-index: 37
(University of Reading)
Applying extant IB theory, I argue that initial firm internationalisation is shaped by the interdependence and dynamic interaction between its O assets and the L assets of its home location. Regardless of nationality, the initial O assets of an infant MNE tend to be constrained by the L assets available to them, rather than by their strategy. I also contrast the modus operandi of developing country (DC) infant MNEs with those from advanced economies, highlighting the similarities and differences...
128 Citations Source Cite
Moacir de Miranda Oliveira3
Estimated H-index: 3
(USP: University of São Paulo),
Felipe Mendes Borini8
Estimated H-index: 8
(Escola Superior de Propaganda e Marketing)
Several research projects have been devoted to the study of the internationalization of Brazilian firms; however there is a lack of research related to the strategy and management of subsidiaries of Brazilian multinational corporations in other countries. This article seeks to contribute to filling this gap. An academic research study was conducted involving 30 Brazilian multinational corporations. Of the 93 subsidiaries involved, 66 foreign subsidiaries answered the questionnaires. The main res...
9 Citations Source Cite
Published on Mar 1, 2012in Journal of Business Venturing 6.33
Andreea N. Kiss6
Estimated H-index: 6
(UG: University of Groningen),
Wade Danis3
Estimated H-index: 3
(UVic: University of Victoria),
S. Tamer Cavusgil60
Estimated H-index: 60
(J. Mack Robinson College of Business)
This article systematically reviews and critically examines international entrepreneurship research in emerging economies (IEEE research), and articulates its importance, timeliness and relevance in consideration of the growing influence of emerging markets in the global economy. A systematic analysis of eighty-eight journal articles published over the last two decades reveals that IEEE research is a vibrant and rapidly growing stream of the broader international entrepreneurship (IE) domain, an...
222 Citations Source Cite
Published on Feb 1, 2012in Global Strategy Journal 2.73
Ravi Ramamurti17
Estimated H-index: 17
(NU: Northeastern University)
337 Citations Source Cite
Cited By2
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ABSTRACTWhile small and medium enterprises contribute to gross domestic product, generate crucial employment, and improve socio-economic development, unfortunately the literature on the internationalization processes of these companies remains timid and inconsistent. The following study seeks to analyze the international expansion of the Colombian company Inducascos. The research follows the structure of a case study including literature analysis and secondary data of the Colombian industrial ma...
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Published on Oct 2, 2017in Meditari Accountancy Research
Hugo A. Macias1
Estimated H-index: 1
,
Angelica Farfan-Lievano1
Estimated H-index: 1
(Pontifical Xavierian University)
Purpose The purpose of this paper is to evaluate the implementation of the integrated reporting (IR) framework in a group of Colombian enterprises. Design/methodology/approach This is a multiple-case study in six enterprises that use the IR framework. The selected enterprises, all of which were located in either Bogota or Medellin, were Argos, EEB, EPM, ISA, Nutresa and Ocensa. The authors conducted individual interviews of reporters and performed a documentary analysis. Findings The few Colombi...
18 Citations Source Cite