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Internalization occurs only when firms perceive the benefits to exceed the costs. When internalization leads to foreign investment the firm may incur political and commercial risks due to unfamiliarity with the foreign environment. These are known as ‘costs of doing business abroad’, [5] arising from the ‘liability of foreignness’. [6]
Internalization may refer to: Internalization (sociology) Internalization (psychology) Internalizing disorder; Internalization (biology) Internalization theory.
Internalization is directly associated with learning within an organism (or business) and recalling what has been learned. In psychology and sociology , internalization involves the integration of attitudes, values, standards and the opinions of others into one's own identity or sense of self.
On the other hand, explicit knowledge becomes part of an individual's knowledge and will be assets for an organization. Internalization is also a process of continuous individual and collective reflection, as well as the ability to see connections and recognize patterns, and the capacity to make sense between fields, ideas, and concepts. [4]
Internalization is when people accept a belief or behavior and agree both publicly and privately. Morton Deutsch and Harold Gerard described two psychological needs that lead humans to conform to the expectations of others. These include our need to be right (informational social influence) and our need to be liked (normative social influence). [3]
The eclectic paradigm, also known as the OLI Model or OLI Framework (OLI stands for Ownership, Location, and Internalization), is a theory in economics. [1] [2] It is a further development of the internalization theory and published by John H. Dunning in 1979. [3]
[17] [18] It is a further development of the theory of internalization and published by John H. Dunning in 1993. [19] The theory of internalization itself is based on the transaction cost theory. [19] This theory says that transactions are made within an institution if the transaction costs on the free market are higher than the internal costs.
In psychology, introjection (also known as identification or internalization) [1] is the unconscious adoption of the thoughts or personality traits of others. [2] It occurs as a normal part of development, such as a child taking on parental values and attitudes. It can also be a defense mechanism in situations that arouse anxiety. [2]