Essays on Advantages and Disadvantages of International Business Theories Coursework

Download full paperFile format: .doc, available for editing

The paper "Advantages and Disadvantages of International Business Theories" is an engrossing example of coursework on business. The business  environment has become multi-dimensional in nature on the international forum. The political, social, economic, and technological aspects of any country are subjected to rapid changes over time. Post-trade liberalism, the degree of market uncertainty has substantially increased in most world economies. As a result, profit-making organizations are subjected to cut-throat competition in the market (Gionea, 2008). The managers in various organizations try to logically analyze changes of the global forces before formulating new or downsizing the existing business strategies.

However, along with empirical analysis, theoretical knowledge is also a crucial component of business management. The essay tries to theoretically and empirically estimate the advantages and disadvantages of certain international business theories. Presently, the degree of market competition and consumers’ preferences are greatly volatile in nature. Under such critical situations, companies and their native countries can become successful by appropriately assessing the rationale behind different business theories (Cawsey, Deszca, and Ingols, 2011). International Product Life Cycle Theory Raymond Vernon had introduced a theoretical model in 1966 in order to analyze the pattern of internationalization adopted by multinational organizations (Ayal, 2012).

Vernon had applied the concepts of Ricardo’ s comparative advantage theory and the conventional theory of the Product Life Cycle to build the International Product Life Cycle model (Ayal, 2012). The theory claims that trading partners in the international business world change over time. The International Product Life Cycle theory is divided into three sections. New Product This stage is initiated when a company operating in a developed nation introduces a new technologically innovative product in its native market (Ayal, 2012).

The company manufactures and sells the new product in the same nation for two primary reasons.  

References

Aaker, D. and Keller, K. 2000. Consumer evaluations of brand extensions. Journal of brand insurance, 48, pp. 317-324.

Apple Inc., 2014. Apple. Available at: < http://www.apple.com/> [Accessed 10 July 2014].

Ayal, I., 2012. International product life cycle: A reassessment and product policy implications. Journal of Marketing, 45(4), pp. 91-96.

Barney, J. B., 1991. Firm resources and sustained competitive advantage. Journal of Management, 17 (1), p. 99-120.

Bidgoli, H., 2010. The Handbook of Technology Management: Supply Chain Management, Marketing and Advertising, and Global Management. New Jersey: John Wiley & Sons.

Burns, T.R., and Gomolinska, A., 2000. The theory of socially embedded games: the mathematics of social relationships, rule complexes, and action modalities. Quality & Quantity, 34, pp. 379–406.

Cawsey, T. F., Deszca, G. and Ingols, C., 2011. Organizational change: An action-oriented toolkit. London: Sage.

Chenet, P., Tynan, C. and Money, A., 2000. The service performance gap: Testing the redeveloped causal model. European Journal of Marketing, 34(3), pp. 472-497.

Gionea, A., 2008. International Trade & Inv. New Delhi: Tata McGraw-Hill Education.

Grover, V. and Malhotra, V. K., 2010. A transaction cost framework in operations and supply chain management research: theory and measurement. Journal of Operations Management, 21, p. 457–473.

Grover, V., 2010. A transaction cost framework in operations. Journal of Operations Management, 2(1), pp. 200-210.

Head, K., 2007. Elements of multinational strategy. Berlin: Springer.

Kim, Y. K., and Lee, H. R., 2011. Customer satisfaction using low-cost carriers. Tourism Management, 32(2), pp. 235-243.

Lieberman, M. B., and Montgomery, D. B., 2002. First-mover advantages. Strategic management journal, 9, pp. 41-58.

Lozano, S., Moreno, P., Adenso-Díaz, B. and Algaba, E.,2013. Cooperative game theory approach to allocating benefits of horizontal cooperation. European Journal of Operational Research, 229, pp. 444-452.

Markides, C. and Geroski, P., 2005. Fast Second: How Smart Companies Bypass Radical Innovation to Enter and Dominate New Markets. San Francisco: John Wiley and Sons.

Markides, C. and Sosa, L., 2013. Pioneering and First Mover Advantages: The Importance of Business Models. Long Range Planning, 46, pp. 325-334.

McCarty, N., 2007. Political Game Theory: An Introduction (Analytical Methods for Social Research). Cambridge: Cambridge University Press.

Pearson, 2014. First-mover advantage. [online] Available at: [Accessed 10 July 2014].

Pettinger, T., 2013. New trade theory. [online] Available at: [Accessed 10 July 2014].

Poulsen, A. U., 2007. Information and endogenous first-mover advantages in the ultimatum game: An evolutionary approach. Journal of Economic Behaviour & Organization, 64, pp. 129-143.

Proven models, 2014. International product life cycle. [online] Available at: [Accessed 10 July 2014].

QuickMBA, 2014. Porter’s diamond of national advantage. [online] Available at: [Accessed 10 July 2014].

Tata Group, 2014. Awesomeness unveiled. [pdf] Tata Group. Available at: [Accessed 10 July 2014].

Thijssen, J. J., 2010. Pre-emption is a real options game with a first-mover advantage and player-specific uncertainty. Journal of Economic Theory, 145, pp. 2448-2462.

Zhao, Y. L., Erekson, H., Wang, T. and Song, M., 2012. Pioneering Advantages and Entrepreneurs’ First-mover Decisions: An Empirical Investigation for the United States and China. Journal of Product Innovation Management, 29, pp. 190-210.

Download full paperFile format: .doc, available for editing
Contact Us