International Businesses And Knowledge Transfer Essay

International Businesses And friendship Transfer - Essay ExampleFocusing on this construct, the current discourse will be unquestionable using theory and literature relevant to outside(a)ization while focusing on the main factors crusade or contributing to knowledge transfer and development as well as highlight factors, if any, that subordinate this process. An overall conclusion will be drawn based on the findings from the entire study forwards reflecting on the entire learning and relating the same to practical experiences wherever feasible.Etemad (2013) stressed that literature points to numerous reasons wherefore businesses decide to explore international opportunities that could be related to internal and/or external factors. Internal factors atomic number 18 usually related to organizational factors such as organizational goals and objectives and external factors are related to the environmental drivers such as competition in host countries, the huge business potential in international locations/markets, changing workforce demographics and economic situations etc. Based on these factors, organizations adopt different approaches to establish their businesses in international spheres. Based on these approaches, various theories have been formulated to explain the nature and reasons of internationalization of firms, roughly of which include Vernons (1966) life-cycle theory, Johanson and Vahlnes (1977) Process theories, Bilkey and Tsars (1977) innovation-diffusion theories, the internalization theories (Buckley & Cason, 1976) and the Eclectic paradigm of multinationals by Dunning (1988) the latest additions include two models AAA-framework by Ghemawat (2007) and gateway-hub model by Prahalad and Bhattacharyya (2008).Knowledge transfer is a percent of knowledge management process, which has been comprehensively explained by Nonaka and Takeuchi (1994), and this forms the foundation of all knowledge-related studies in organizations Dalkir.