Market-political ambidexterity during institutional transitions

摘要

Why were foreign firms such as Shell in Russia, Ford in Brazil, and Huawei and ZTE in the United States frustrated? Why were domestic firms such as Tata in India also frustrated? Why were foreign firms such as Dell in Brazil and domestic firms such as Infosys in India maneuvered successfully during institutional transitions? While numerous answers can be entertained, we believe that market-political ambidexterity holds a key to answer these intriguing questions. Overall, the concept of market-political ambidexterity serves to counterbalance the impression-implicit or explicit-that 'markets have triumphed' during institutional transitions. In conclusion, if this article can contain only one message, we would like it to be a sense of the staggering power of the forces associated with both market competition and government influences during institutional transitions, and of firms' necessity to master skills in managing both sets of market-based and nonmarket-based competition simultaneously.