The Internationalisation Process Of Nigerian Firms Essay

Contribution to Knowledge The internationalisation process of Nigerian firms took different path. The manufacturing had invested in a close distance country where market opportunities are identified and other had initial expansion abroad was to follow their Nigerian customers that were present in the neighbouring country. 1. Theoretical Contributions The findings indicate the internationalisation process of Nigerian firms deviate from the main stream theoretical claim such as Uppsala model. It can be said that Nigerian firms internationalise to close proximity country not close psychic distance in their early stage of their internationalisation as they follow their clients to render services across border. Proximity not due to Psychic Distance as alleged in Uppsala Model but to the presence of home countries customers presence in the host countries. Home institution factors had also play a role in the rapid growth of the firms due to the recapitalisation requirements by the Government and this allow the firms to bring in capital and to utilise that capital wisely and embark in foreign expansion. (OLI) The recapitalisation and stock listing gave the firms more resources and capacities to be in a better position to compete better in a foreign market this is in line with Ownership capabilities of OLI theory, 2. Literature Contribution: This study contribute to knowledge to fill the gap in literature as bringing understanding in to on-going debate on (EM)Show MoreRelatedThe Internationalisation Process Of Nigerian Firms907 Words   |  4 Pagesthe internationalisation process of Nigerian firms empirically as this is one of the few studies that have taken this approach in the context of the study using seven case firms. As agreed with the case firms and the University of Huddersfield ethics committee, a pseudonym approach is applied to keep the real names of the firms anonymous; the 7 Nigerian case firms pseudonym is ADG, BDM, CCR, DET, ENA, FCW and GAB. In comparison to other large emerging markets and developed economies Nigerian firmsRead MoreThe Internationalisation Of Emerging Market Multinationals ( Emncs )1621 Words   |  7 PagesThe study of the internationalisation of emerging market multinationals (EMNCs) has gained prominence in the last two decades, as a result of increase d internationalisation of firms from emerging markets (EM). These internationalisation phenomena have resulted in a surge of interest from international business (IB) scholars (Cavusgil,1980; Hoskisson, Eden, Lau, Wright, 2000; Jormanainen Koveshnikov, 2012). 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The individual case firm’s analysis is divided into four main sections, namely - the general overview of the firm’s specific business sectors, the case firm background and domestic expansion process and international expansion. Drawing from multiple data sources coupled with semi-structure in-depthRead MoreImport And Local Production Of Cement Importation9782 Words   |  40 Pagesout-dated manufacturing technology, high-interest rates and exchange rate fluctuations. These factors have contributed to the manufacturing overhead both in terms of the high cost of raw materials and other inputs in the manufacturing and distribution process. Also, the easy access and low cost of acquiring an import license in comparison with difficulty in import license acquisition for manufacturing equipment spare parts also discouraged local manufacturing (Mojekwu, Idowu, Sode, 2013). 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The firm’s evolution, expansion and internationalisation is an example and a proof of a good government economic policy that propelled a visionary businessman with entrepreneurial abilities to build one of the largest†¦multinational firm in SSA (Interviewee Alpha_g1 September 2015). The firm’s domestic expansion had contributed to a large extent to the increased levels of industrial development and the economic growth of