The institutional environment in the home country of a firm is a basis for its organization and management and its strategy overall. It shapes the individual constitution and thus the organizational constitution in the regulative, normative and cognitive dimension.
To conclude, in order to become successful international it is necessary to understand the host countries institutional environment and the differences between the host and the home country. With this knowledge base a firm needs to evaluate if it needs to tangible and intangible resources. Afterwards, it needs to choose an entry mode with respect to the resource allocation it needs.
Table of Contents
1 Introduction
2 Definition of the Home Country Institutional Environment
3 Influence of Institutions on Firm Strategies
4 Differences of Instiutional Environment between Developed and Emerging Economies
4.1 Differences of Institutional Environment between Developed and Emerging Economies - Formal Institutions
4.1.1 Institutional Change
4.1.2 Collaboration
4.2 Differences of Institutional Environment between Developed and Emerging Economies – Informal Institutions
5 Influence of Institutions on the Entry Mode Choice in International Strategy
6 Conclusion
Reference List
- Quote paper
- Laura Weil (Author), 2013, Role of Home Country Institutional Environment in International Strategy, Munich, GRIN Verlag, https://www.grin.com/document/263990
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