Workshop Series: Lawrence Welch
Abstract: Re-internationalisation represents a research challenge for the internationalisation process and international entrepreneurship fields.
Many companies withdraw from international operations, go through an international time-out period and later re-enter the international arena. Little is known about this process, and whether re-internationalisers behave differently from those starting out for the first time. The limited, sketchy evidence is considered and it is argued that some re-internationalisers will go into the reentry process with a significant international heritage from previous activities, including relevant knowledge and networks, enabling faster re-entry and take-off.
However, other firms will have exited in such negative circumstances that international re-entry initially is rejected as an option, and may be slow to respond to new international opportunities. Much depends on what happens during the international time-out period, particularly in terms of changes in management and/or ownership; the nature and strength of new reentry influences; and how the re-entry process unfolds.
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Professor Lawrence S. Welch, Melbourne Business School.
Professor Welch has published extensively on issues pertaining to internationalisation and international business operation methods in journals such as Management International Review and the Journal of International Business Studies and is a member of the editorial boards of Management International Review, International Business Review and the Journal of International Entrepreneurship. His co-authored book, Foreign Operation Methods: Theory, Analysis, Strategy, was published in 2007 by Edward Elgar. His research has involved extensive collaboration with Nordic colleagues over more than three decades. Also, he has spent long periods undertaking research and teaching in Nordic business schools, particularly at the Norwegian School of Management BI, Helsinki School of Economics (now part of Aalto University) and Copenhagen Business School.