International Investment Strategies Utilized by International New Ventures: The Role of Exogenous and Endogenous Uncertainty

2018 ◽  
Vol 48 (2) ◽  
pp. 140-156 ◽  
Author(s):  
Tamar Almor
Keyword(s):  
New Ventures ◽  
International Investment ◽  
International New Ventures ◽  
Investment Strategies ◽  
Endogenous Uncertainty

The role of formal industry clusters in the internationalization of new ventures

2014 ◽  
Vol 26 (5) ◽  
pp. 449-470 ◽  
Author(s):  
Ana Colovic ◽  
Olivier Lamotte
Keyword(s):  
Design Methodology ◽  
New Ventures ◽  
Global Markets ◽  
International New Ventures ◽  
Internationalization Process ◽  
Structured Interviews ◽  
Cluster Management ◽  
Intermediary Organization ◽  
Content Type

Purpose – The purpose of this study is to investigate the internationalization of international new ventures (INVs). Specifically, this research explores the ways in which a formal cluster can facilitate the internationalization process of these firms. Design/methodology/approach – The authors studied how four INVs benefitted from the actions of two clusters in France – Systematic and Mov’eo – as they internationalized. They conducted semi-structured interviews with the CEOs and other representatives of the INVs and with the members of the cluster management teams. Findings – The findings indicate that clusters can facilitate the internationalization of INVs by providing resources, networking opportunities and legitimacy to help them reach global markets and by increasing the speed of internationalization. Originality/value – By analyzing the specific role that a formal cluster plays in the internationalization of INVs, this research contributes to the literature examining the link between location and INV internationalization. The authors argue that the cluster’s role can be considered as that of an intermediary organization helping INVs to expand globally.

The Hybrid Structures of International New Ventures

2008 ◽  
Vol 9 (1) ◽  
pp. 33-42 ◽  
Author(s):  
Magne Sivert Berg ◽  
Arild Aspelund ◽  
Roger Sørheim
Keyword(s):  
Social Capital ◽  
New Ventures ◽  
International Market ◽  
Social Capital Theory ◽  
Hybrid Structures ◽  
International New Ventures ◽  
International Governance ◽  
Capital Theory ◽  
Market Expansion

This paper gives a social capital perspective on the internationalization process of new firms. The point of departure is international new ventures (INVs) and their frequent use of hybrid structures for government of international activities. The purpose is to shed new light on the INV phenomenon by studying the role of social relationships in the establishment, management and performance of international governance structures and access to resources for international market expansion. By combining knowledge from the international entrepreneurship literature with social capital theory, the authors construct several propositions on the relationship between properties of social capital embedded in the new firm and their ability to form effective international market channels and deliver high long-term performance. This conceptual study suggests that social capital is indeed conducive to the overall performance of INVs. However, empirical research is desirable – and, based on the propositions from this study, the authors propose a research agenda emphasizing the need for a longitudinal study of INV organizations with regard to the role of social capital in attracting and controlling international market resources.

scholarly journals Exploring the Role of Industry Structure in New Venture Internationalization

2007 ◽  
Vol 31 (4) ◽  
pp. 517-542 ◽  
Author(s):  
Stephanie A. Fernhaber ◽  
Patricia P. McDougall ◽  
Benjamin M. Oviatt
Keyword(s):  
International Business ◽  
New Ventures ◽  
Theoretical Framework ◽  
Industry Structure ◽  
New Venture ◽  
International New Ventures ◽  
Industrial Economics ◽  
New Venture Internationalization

While we have gained considerable knowledge since the late 1980s regarding the phenomena of international new ventures, less is known about the influence of industry structure on these ventures. In the present paper, we draw on literature from industrial economics, international business and entrepreneurship to identify industry structure variables that fit within the theoretical framework of international new ventures. We then offer propositions as to how the identified industry structure variables individually and jointly influence the likelihood of new venture internationalization.

The role of organisational culture in the internationalisation of new ventures

2018 ◽  
Vol 35 (5) ◽  
pp. 806-832 ◽  
Author(s):  
Nishant Kumar ◽  
Dharam Deo Sharma
Keyword(s):  
New Ventures ◽  
Critical Role ◽  
Positive Influence ◽  
Organisational Culture ◽  
Superior Performance ◽  
International New Ventures ◽  
Continuous Learning ◽  
Content Type ◽  
Process Innovations

Purpose The purpose of this paper is to explore how organisational culture affects the internationalisation proclivity of international new ventures (INVs). Design/methodology/approach In this paper, a resource advantage (R-A) framework is adopted to examine how organisational culture can be a resource for INVs to leverage efficiently and/or effectively in order to make up for their challenges in internationalisation and create value for their international customers. In doing so, this study makes use of examples of five INVs from India, which have successfully achieved international business prowess and superior performance immediately after their foundation. Findings The findings reveal that an organisational culture including continuous learning, creativity and innovation, collaboration and sharing, and customer-centricity as traits have a positive influence on INV internationalisation proclivity. Most importantly, fostering a culture of collaboration and sharing can help INVs address resource limitations and augment opportunity discovery in the international market. Furthermore, INVs can benefit more from the “learning advantages of newness” by nurturing continuous learning as part of their culture. Research limitations/implications A key limitation of this study is that all the firms selected here are from a single country, India, and it may have effects on the way firms leverage these cultural traits. Practical implications Founders of INVs should develop organisational arrangements that encourage openness, creativity, and allows employees to contribute freely and fearlessly through new ideas, process innovations, and so on, and firms should recognise such contributions regularly. INVs can adopt policies and develop mechanisms that encourage employees to share knowledge and resources freely with others in the organisation. Social implications Growth of INVs is closely linked to job creation and economic progress. Policy makers in emerging economies can benefit from this study by developing infrastructure and creating social conditions that support the survival and growth of INVs. Adopting the findings of this study could possibly help INVs succeed in international markets and avoid failures, and thus save societal resources. Originality/value The paper highlights the critical role of organisational culture in INVs’ internationalisation thrust. The paper develops testable propositions that delineate both the main effects as well as the other effects of organisational culture on INV internationalisation.

The Internationalization of New Ventures

2002 ◽  
Vol 3 (3) ◽  
pp. 191-200 ◽  
Author(s):  
María Ripollés ◽  
Martina Menguzzato ◽  
María Iborra
Keyword(s):  
Early Stage ◽  
New Ventures ◽  
Research Topic ◽  
International New Ventures ◽  
Internationalization Process ◽  
Entrepreneurial Networks ◽  
Intangible Resources ◽  
Open Research ◽  
Definition Of

International new ventures (INV) are firms that trade out of their national borders from an early stage. The traditional internationalization stage models have not considered this issue. In this context, the existence of INV represents an important open research topic and merits attention. The internationalization of these ventures is a complex phenomenon and many perspectives are needed to understand it. The purpose of the research discussed here, however, is to present an entrepreneurial perspective to understand this process. From this perspective the authors analyse how these ventures can obtain the necessary tangible and intangible resources to face the internationalization process. They demonstrate the role of entrepreneurial networks in the internationalization of these types of ventures. Empirical research enables the authors to offer a more complete definition of international new ventures and to describe the characteristics of their entrepreneurial networks and the importance of those networks in the creation of such firms.

scholarly journals Speed of Use of Social Media as an Antecedent of Speed of Business Internationalization

2020 ◽  
Vol 28 (1) ◽  
pp. 142-166
Author(s):  
Josep Rialp-Criado ◽  
María-del-Carmen Alarcón-del-Amo ◽  
Alex Rialp
Keyword(s):  
Social Media ◽  
New Ventures ◽  
Group Analysis ◽  
International New Ventures ◽  
Use Of Social Media ◽  
The Relationship ◽  
Business To Business ◽  
Interesting Area ◽  
Positive Effect

Despite various advances in international business and entrepreneurship literatures and increasing interest in speed of internationalization mainly among international entrepreneurship scholars, the relationship between the use of social media and the internationalization speed of the firm remains poorly investigated. This article presents the reflective construct “speed of use of social media” and proves its positive effect on the third order formative construct “speed of internationalization.” Furthermore, using multi-group analysis, the article demonstrates that this effect is moderated by the industry where the company performs (business-to-customer vs. business-to-business) and its export intensity, but not by the size of the firm. The results obtained open an interesting area for further research in the role of Web 2.0 and social networking in future knowledge management systems of international new ventures companies.

scholarly journals How does internationalization begin? The role of age at entry and export experience in the early stages of the process

2020 ◽  
Vol 23 (2) ◽  
pp. 107-119
Author(s):  
Jose C Casillas ◽  
Francisco J Acedo ◽  
M Ángeles Rodríguez-Serrano
Keyword(s):  
New Ventures ◽  
Jel Classification ◽  
International New Ventures ◽  
Internationalization Process ◽  
Trade Off ◽  
Early Stages ◽  
Dynamic Perspective ◽  
Prior Literature ◽  
International Behavior

This article deals with two important concepts in the prior literature on the internationalization process: age at entry and export experience. Against previous research, we analyze how both of them influence simultaneously international behavior in the early stages of the internationalization process as a trade-off. For that aim, we analyze the influence of both variables on international behavior in the early stages of the internationalization process, from a dynamic perspective, looking at initial export behavior and speed during this period. We analyze export development process of 106 Spanish small and medium-sized enterprises (SMEs), most of them international new ventures, in their first 8 years of export activity, combining the effect of age at entry and experiential learning during this period, finding that age at entry and export experience exert not only a direct effect but also a moderation influence on initial export development, observing a trade-off between such influence as experience grows. JEL CLASSIFICATION: M16

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