Simple word of mouth or complex resource orchestration for overcoming liabilities of foreignness

Stoyan Petrov Stoyanov, Richard Woodward

Research output: Contribution to journalMeeting abstract

Abstract

The context of transnational entrepreneurs (TEs) in Diaspora communities provides a unique opportunity to explore the process by which business actors form strategies for overcoming the liabilities of foreignness (LOF). We employ an approach based on the resource orchestration process described by Sirmon, Hitt, Ireland and Gilbert (2011) in order to answer the question how participation in Diaspora networks helps TEs diminish the LOF. Based on our analysis of an extensive set of interviews with twelve Bulgarian entrepreneurs based in London, we conclude that the resource orchestration framework, when modified to include a time dimension, helps us to explain their strategies. We find that TEs typically undergo a sequence of processes in which they leverage their Diaspora networks in order to access, acquire, and adapt knowledge and capabilities that allow them to embed themselves in the local environment and thereby reduce the LOF they face.
LanguageEnglish
Article number10690
Number of pages1
JournalAcademy of Management Proceedings
Volume2014
Issue number1
DOIs
Publication statusPublished - 2014

Fingerprint

Word-of-mouth
Orchestration
Resources
Entrepreneurs
Liability of foreignness
Diaspora
Ireland
Leverage
Participation

Keywords

  • foreignness
  • knowledge
  • liabilities

Cite this

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title = "Simple word of mouth or complex resource orchestration for overcoming liabilities of foreignness",
abstract = "The context of transnational entrepreneurs (TEs) in Diaspora communities provides a unique opportunity to explore the process by which business actors form strategies for overcoming the liabilities of foreignness (LOF). We employ an approach based on the resource orchestration process described by Sirmon, Hitt, Ireland and Gilbert (2011) in order to answer the question how participation in Diaspora networks helps TEs diminish the LOF. Based on our analysis of an extensive set of interviews with twelve Bulgarian entrepreneurs based in London, we conclude that the resource orchestration framework, when modified to include a time dimension, helps us to explain their strategies. We find that TEs typically undergo a sequence of processes in which they leverage their Diaspora networks in order to access, acquire, and adapt knowledge and capabilities that allow them to embed themselves in the local environment and thereby reduce the LOF they face.",
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Simple word of mouth or complex resource orchestration for overcoming liabilities of foreignness. / Stoyanov, Stoyan Petrov; Woodward, Richard.

In: Academy of Management Proceedings, Vol. 2014, No. 1, 10690, 2014.

Research output: Contribution to journalMeeting abstract

TY - JOUR

T1 - Simple word of mouth or complex resource orchestration for overcoming liabilities of foreignness

AU - Stoyanov, Stoyan Petrov

AU - Woodward, Richard

PY - 2014

Y1 - 2014

N2 - The context of transnational entrepreneurs (TEs) in Diaspora communities provides a unique opportunity to explore the process by which business actors form strategies for overcoming the liabilities of foreignness (LOF). We employ an approach based on the resource orchestration process described by Sirmon, Hitt, Ireland and Gilbert (2011) in order to answer the question how participation in Diaspora networks helps TEs diminish the LOF. Based on our analysis of an extensive set of interviews with twelve Bulgarian entrepreneurs based in London, we conclude that the resource orchestration framework, when modified to include a time dimension, helps us to explain their strategies. We find that TEs typically undergo a sequence of processes in which they leverage their Diaspora networks in order to access, acquire, and adapt knowledge and capabilities that allow them to embed themselves in the local environment and thereby reduce the LOF they face.

AB - The context of transnational entrepreneurs (TEs) in Diaspora communities provides a unique opportunity to explore the process by which business actors form strategies for overcoming the liabilities of foreignness (LOF). We employ an approach based on the resource orchestration process described by Sirmon, Hitt, Ireland and Gilbert (2011) in order to answer the question how participation in Diaspora networks helps TEs diminish the LOF. Based on our analysis of an extensive set of interviews with twelve Bulgarian entrepreneurs based in London, we conclude that the resource orchestration framework, when modified to include a time dimension, helps us to explain their strategies. We find that TEs typically undergo a sequence of processes in which they leverage their Diaspora networks in order to access, acquire, and adapt knowledge and capabilities that allow them to embed themselves in the local environment and thereby reduce the LOF they face.

KW - foreignness

KW - knowledge

KW - liabilities

UR - http://proceedings.aom.org/content/2014/1/10690

UR - http://strathprints.strath.ac.uk/52243/

U2 - 10.5465/AMBPP.2014.211

DO - 10.5465/AMBPP.2014.211

M3 - Meeting abstract

VL - 2014

JO - Academy of Management Proceedings

T2 - Academy of Management Proceedings

JF - Academy of Management Proceedings

SN - 0065-0668

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