The purpose of the literature review section is to give a detailed overview of what has already been done by other scholars in relation to the general research area and one’s research problem. While some topics (and research problems) may be novel, the importance of pursuing other topics may seem less evident to the reader, calling for substantial evidence to show why they are worth exploring.
Writing this section should thus allow the author to:
The research and study skills that are key to preparing a high quality literature review are:
For many students, especially non-native speakers of English, the complexity of writing the literature review section lies in:
Here is an adapted extract from a literature review to a research proposal in the field of economics:
New Products Introduction into Foreign Markets: Empirical Investigation of an Optimal Entry Strategy |
1This research relates to the research area that focuses on new product introductions in international markets. 2A number of studies have been found that focus on strategic issues, such as introduction timing of a new product (Bayus, Jain, & Rao, 1997; Golder & Tellis, 1993; Krider & Weinberg, 1998; Shankar, 1999). 3These studies generally focus on whether one should be an early or a late entrant in a particular market (pioneer versus follower), and how the decisions of competing firms influence this timing decision… [giving a broad overview of studies]. 4Yet, these studies include only one market / country, i.e., the domestic country, and therefore do not indicate how first-mover advantages translate into an international context (Lieberman & Montgomery, 1998). [Moving on to more specific aspects of the study and reporting the results of single studies] 5A study by Mascarenhas (1997), however, does investigate first-mover advantages in an international context. It examines entries by 187 firms into 68 international markets for four offshore drilling products over an 18-year period (1966-1984), and finds that a first entry (before other foreign entrants) results in higher long-term international market share and survival. 6The major conclusion that can be drawn from this study is that first-mover advantages also hold in international markets—a conclusion that is confirmed in a study by Pan, Li, and Tse (1999). 7However, not much can be concluded about the optimal timing and sequence of entering multiple foreign markets or the factors that influence these decisions [adding criticism]. 8The only study that provides some answers to the optimal entry timing and sequencing is a study by Kalish, Mahajan, and Muller (1995). 9Using innovation diffusion models in a monopoly and competitive game theory framework, it analyzes under what market place conditions a waterfall (entering one market at a time) with respect to sprinkler strategy (entering all target markets simultaneously) is optimal. 10The results of the study suggest that in today’s market place a sprinkler strategy be strongly suggested, but that under certain circumstances, such as a very long product life cycle or weak competitors in the foreign market, a waterfall strategy may be the preferred strategy. 11This study, however, has a number of potential limitations [adding criticism]. 12First of all, it includes only two markets and two competitors in their analysis, which is not very realistic as today most large companies operate in many countries, all over the world, and face competition from both local and global players. 13Furthermore, the cross-country influences, i.e., the interaction between individuals in one country with individuals in another country, have not been explicitly included. 14In their study, Putsis, Balasubramaniam, Kaplan, and Sen (1997) have found different mixing patterns (cross-country interactions), and suggest investigating the implications of different mixing patterns on the choice between a waterfall and sprinkler strategy. 15So far, this has not yet been done [adding criticism]. 16Another limitation is that the authors test their theory with a hypothetical example. 17For real-life support they refer to a publication by Riesenbeck and Freeling (1991). 18However, this latter study does not describe the results of an empirical study about the appropriateness of either a waterfall or a sprinkler strategy, but only gives some examples of recent product introductions following a sprinkler strategy in a descriptive way. [Stating how the present study will address the gap] 19The purpose of this research is to extend this research by formulating a conceptual framework which will describe the process of a product launch in international markets and to include a complete set of variables that influence both the timing and sequencing of entering into foreign markets. 20The proposed framework should be applied to real-life, realistic data, in order to be able to provide reliable suggestions to international marketing managers who have to make global launch decisions. Adapted from: Loughborough University. (2016). New products introduction into foreign markets: Empirical investigation of an optimal entry strategy. Retrieved from http://www.lboro.ac.uk/departments/sbe/research/phd-mphil/researchstudentproposals/ |