Working Paper Series Choosing a Growth Path: Internationalization, Product Diversification or Both? Fragkiskos Filippaios Kent Business School N iron H ashai Jerusalem School of Business Administration Tamar Almor School of Business Administration Israel Marina Papanastassiou C openhagen Business School Ruth Rama Institute of Economics and Geography Spain Kent Business School Working Paper N o.125 May 2006 ISSN 1748-7595 (Online)