Introduction

Abstract

Internationalization of business activities has become one of the main fields of interest in management research, influencing a broad range of academic areas such as strategic management, organizational science, operations management or economic institutions. One of the central questions for academia and management regarding internationalization of business activities has been addressed by Porter: “Why do some social groups, economic institutions, and nations advance and prosper?” (1990: xi). In order to examine why some do and some do not advance and prosper, research has highly advanced in terms of theoretical concepts and insights improving knowledge of how to manage the internationalization of business activities during the last decades.