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• W1966756551 startingPage "1727" @default.
• W1966756551 abstract "This paper develops conceptual and empirical evidence for the importance of social practice institutions in the internationalisation process of management-consulting firms. Personal trust and reputation rather than price are examined as key mechanisms of foreign market entry and penetration. Empirical case studies in London, Frankfurt, and Madrid produce three findings. First, enduring client relations and client referrals facilitated most foreign firm entries and the majority of local client acquisition. Second, interview findings imply a critical assessment and reconceptualisation of trust and reputation. Empirically, goodwill trust and networked reputation are substantiated as particularly important transaction mechanisms. Third, a triangulation of interview and survey data reveals a causal relation between trust and reputation that enhanced a cumulative growth of social networks within the new host markets. This research points to the importance of social practice institutions for economic organisation and exchange across geographic distance." @default.
• W1966756551 created "2016-06-24" @default.
• W1966756551 creator A5052096134 @default.
• W1966756551 date "2005-10-01" @default.
• W1966756551 modified "2023-09-27" @default.
• W1966756551 title "Making Embeddedness Work: Social Practice Institutions in Foreign Consulting Markets" @default.
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• W1966756551 doi "https://doi.org/10.1068/a3727" @default.
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