Research On The Factors Of Resource Reconfiguration In The Internationalization Process Of Latecomer Enterprises

With the development of economic globalization, an increasing number of latecomer enterprises have started to implement the international strategy. For latecomer enterprises, it is undoubtedly a huge challenge to compete against leading firms in the complicated international market. Heterogeneous resource is the source of the core competence and competitive advantage, and gaining resources within a global range, recombining and reallocating resources is of great significance for latecomer enterprises to improve international competitiveness. Thus, based on the sample cases of globalized Chinese enterprises, this paper aims to find out the key factors impacting resources reconfiguration during the internationalization process.On the basis of literature research and theoretical analysis, this paper adopts the grounded theory to build a theoretical model about factors influencing the resources reconfiguration. Firstly, after extensively collecting data and information, we explore each one of the key elements in the process of resource reconfiguration through open coding, axial coding and selective coding three stages. Then, combining the original data about the cases, defines natures of those elements and build the key factors model of resource reconfiguration. The model shows, existing resources advantage as the condition factor, driving force of the external environment as the catalyst, international entrepreneurship as the intermediary factor, international network construction and the transformation of the organization and management method as the dominant factor.Further, we analyze the resource reconfiguration strategies, resource matching-selection resource sequencing-integration and resource synergy-innovation. They can promote the resources acquisition, transfer and absorption more effectively and create new resources continuously.Under the background of internationalization, this paper studies the antecedents of resource reconfiguration, and the conclusions have practical guiding significance for latecomer enterprises to achieve international development.