International growth of banks: from competence-exploiting to competence-enhancing strategies?

Like manufacturing multinational enterprises, multinational banks, although being more subject to local regulation and market preferences, are increasingly changing their international attitude. Namely, they rely on foreign activities not only as a means to exploit their own competitive advantages w...

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Bibliographic Details
Published inThe Service industries journal Vol. 30; no. 7; pp. 1007 - 1024
Main Authors Mariotti, Sergio, Piscitello, Lucia
Format Journal Article
LanguageEnglish
Published London Routledge 01.07.2010
Taylor & Francis Ltd
Subjects
Business growth
competence-enhancing strategy
competence-exploiting strategy
Competitive advantage
Core competencies
eclectic paradigm
International banking
international growth
multinational banks
Multinational corporations
Strategic management
Studies
Italy
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Summary:Like manufacturing multinational enterprises, multinational banks, although being more subject to local regulation and market preferences, are increasingly changing their international attitude. Namely, they rely on foreign activities not only as a means to exploit their own competitive advantages within foreign markets, but also to access exclusive assets, resources, and competencies that could be transferred back to the whole network to enhance and strengthen their competitive advantages. The reported research refers to data on the evolution of the Italian banks' foreign initiatives in the 1998-2004 period. Using such data, the authors investigate the determinants of the coexistence of strategies that are both competence-exploiting and competence-enhancing, using the traditional eclectic approach.
ISSN:0264-2069
1743-9507
DOI:10.1080/02642060802311278