This thesis reviews and compares the resource- and capability- based theory and the Nordic model, including the Uppsala and Network theories, in the context of the multinational company. It analyzes whether and where differences and commonalities between the two exist. The thesis is based on an extensive literature review, summarizes the individual approaches and findings and, as a consequence, allows drawing a conclusion. On the whole, the Nordic and the resource- and capability- based model

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... ve several differences, but also commonalities. The main difference is the fact that the latter focuses on the external environment in order to explain a firm's decisions and performance, whereas the first takes into account mostly the firm's internal resources and capabilities. As such, they represent complementary theories.