Implications of openness for international businesses
| Leveraging diversity through distance | Reducing distance through openness as social coordination mechanism |
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| Leveraging diversity through distance | Reducing distance through openness as social coordination mechanism |
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Reducing cognitive biases of HQ-centred strategies Integration of specific local subsidiary expertise Integration of external, diverse knowledge from local suppliers, institutions, stakeholders Systematic recombination of different perspectives, knowledge and skills Leveraging firm- and industry-distant knowledge Leveraging knowledge heterogeneity through geographical dispersion Engaging in new practices to Pool and exploit knowledge and resources | Openness as focus on joint interactions and exchange Aligning and pursuing collective organizational goals, resources and activities Building trust and shared understanding and aligning collective behavior Reducing cognitive and emotional distance within MNEs Increasing organizational commitment Joint sensemaking in large, globally dispersed organizations |
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