Challenges of the Internationalization Strategy of a Technology-Based International New Venture

2019 ◽  
pp. 467-489 ◽  
Author(s):  
Luciana Costa Fernandes ◽  
Cristiana Pereira ◽  
Daniela Simões ◽  
António Carrizo Moreira
Keyword(s):  
International Markets ◽  
New Venture ◽  
International New Venture ◽  
Entry Modes ◽  
Foreign Markets ◽  
Mode Of Entry ◽  
Start Up ◽  
Relationship Orientation ◽  
Internationalization Strategy ◽  
Start Ups

The present study seeks to analyze the behavior of a technological start-up regarding its entry modes in foreign markets. It is based on the case study of a company in the field of 3D printing and takes into account the analysis of topics such as the internationalization of start-ups and modes of entry in foreign markets, considering several theories of internationalization. As the company analyzed is a start-up, the research is supported by the analysis of the characteristics present in the process of internationalization of small and medium-sized enterprises (SMEs). The study closes with the conclusion that this SME matches the profile of an International New Venture/Born Global (INV/BG), although the company takes advantage of the network-based theory and relationship orientation to enter international markets. The most used mode of entry by the company in international markets has been exporting activities.

scholarly journals The survival of business takeovers and new venture start-ups

2020 ◽  
Vol 29 (3) ◽  
pp. 797-826
Author(s):  
Guoqian Xi ◽  
Jörn Block ◽  
Frank Lasch ◽  
Frank Robert ◽  
Roy Thurik
Keyword(s):  
Life Cycle ◽  
Survival Rate ◽  
Firm Survival ◽  
Organizational Ecology ◽  
New Venture ◽  
Firm Characteristics ◽  
Entry Modes ◽  
Survival Patterns ◽  
Start Ups ◽  
The Relationship

Abstract Business takeovers and new venture start-ups are two important and distinct entry modes of entrepreneurship. They differ from resource-based and organizational ecology perspectives. We compare firm survival patterns and determinants associated with the two entry modes. From two large French datasets, we find that business takeovers have a higher survival rate than new venture start-ups. However, these differences in survival probability reduce over the entrepreneurship life cycle and when controlling for different entrepreneur and firm characteristics. Moreover, we identify differences in determinants of survival for the two groups, highlighting a distinction between the two entrepreneurship entry modes. This work contributes to the literature on the relationship between entrepreneurship entry and firm survival, thereby contributing to both entrepreneurship and firm survival research.

scholarly journals Internationalization of businesses and selection of entry modes in other markets

2017 ◽  
Vol 7 (1) ◽  
Author(s):  
Dr.Sc. Nasir Selimi ◽  
Dr.Sc. Jusuf Zekiri
Keyword(s):  
Decision Making ◽  
Political Stability ◽  
Foreign Market ◽  
International Markets ◽  
Entry Modes ◽  
Foreign Companies ◽  
Mode Of Entry ◽  
Internal And External Factors ◽  
Selection Of ◽  
Structured Questionnaire

The purpose of this study is to analyze the factors of foreign companies that have already entered Macedonia in any mode of entry by finding out the factors and motives that influenced their decision making while choosing the proper mode for that particular market. As a research methodology for collecting initial data, a structured questionnaire is used with 28 variables as factors which influence decision making of the modes of entry into the foreign market. A statistical software was used in order to evaluate the variables used in the study.  The raised hypothesis were tested using One Sample T-test. According to the obtained results, the variables political stability and the law on foreign investments seem to be as more important factors for companies that operate in Macedonia. Finally, companies need to analyze the internal and external factors from the environment in order to able to create strategies to operate in the domestic and international markets.

scholarly journals Strategic Decisions to Enhance the Internationalization of the Performing Arts and Their Sustainability: The Case of Flamenco

2020 ◽  
Vol 12 (9) ◽  
pp. 3718 ◽  
Author(s):  
María-Angeles Rastrollo-Horrillo
Keyword(s):  
Value Chain ◽  
Performing Arts ◽  
International Markets ◽  
Strategic Decisions ◽  
Entry Modes ◽  
Market Selection ◽  
Foreign Markets ◽  
Cultural Management ◽  
Cultural Sector

Determining how to operate in foreign markets is challenging for the performing arts (PA) because the particular nature of their activities necessarily entails sustainable complexities. This study aims to extend understanding of the internationalization of PA to shed light on the strategic decisions adopted by cultural agents to achieve an economic and cultural objective—generating international income while ensuring the symbolic value of cultural products rooted in local values. A longitudinal empirical case of one leading enterprise in international flamenco production with a successful history in international markets is reported here, and in-depth insights into four strategic decisions that can boost the sustainable internationalization of PA are gained: why (motivations), what (product), where (market selection), and how (entry modes). The results have theoretical and practical implications for a cultural sector with few examples of internationalization that is seeking for international markets to become sustainable while being subject to public financing cuts, strong competition, and globalization. The important role of intermediaries in bridging the gaps between different actors of the PA value chain and in assuring sustainable cultural management of the internationalization process is also identified.

scholarly journals North American entrepreneurs in Cuba: which entry mode and government affiliation strategy?

2018 ◽  
Vol 27 (3) ◽  
pp. 285-303 ◽  
Author(s):  
Natalia Vila-Lopez ◽  
Graham White
Keyword(s):  
Entry Mode ◽  
Foreign Market ◽  
International Markets ◽  
Performance Outcomes ◽  
Added Value ◽  
Entry Modes ◽  
Foreign Markets ◽  
Content Type ◽  
Final Sample ◽  
And Performance

PurposeTo have success in newly liberalized markets, firms must have a plan of action before resources are committed. What some companies do not realize is that their own entrepreneurial orientation (EO) will dictate their strategies, and performance outcomes, in both their home market and abroad. In order to maximize firm performance in newly liberalized markets (such as Cuba), firms must be able to objectively gauge their own EO. The paper aims to discuss these issues.Design/methodology/approachWithin this framework, the present paper will attempt to effectively measure the EO of decision-making managers from US companies that have an interest in entering the Cuban market. A final sample of 81 US managers accepted to collaborate. They were then split into two groups (high and low EO; with 41 and 35 managers in each group, respectively) and compared regarding three variables: entry mode strategy, government affiliation strategy, and performance outcomes.FindingsThe results show that EO is related with performance, but not with the two proposed variables of entry mode and government affiliation.Originality/valueIn sum, the added value of the paper is to link US managers’ strategies and performance in a newly liberalized market which has been seldom studied: Cuba. The fields of entry mode strategies and government affiliation decisions in this newly liberalized market remain poorly investigated. Not all firms managed by highly entrepreneurial-orientated managers will decide to enter foreign markets and, on the contrary, domestic firms which are not interested in international markets can be run by highly entrepreneurial managers. This is due, in part, to the fact that internationalization can be driven by other factors. Therefore, this paper will attempt to demonstrate if certain entry modes will perform better than others when the foreign market is a newly liberalized economy. Additionally, the importance, and effect, of governmental relationships on performance outcomes will be tested within the research.

ATTITUDE TOWARDS ENTREPRENEURSHIP EDUCATION AND NEW VENTURE CREATION

2003 ◽  
Vol 11 (04) ◽  
pp. 339-357 ◽  
Author(s):  
LENA LEE ◽  
POH-KAM WONG
Keyword(s):  
New Ventures ◽  
Entrepreneurship Education ◽  
Prima Facie ◽  
Causal Link ◽  
New Venture ◽  
Future Research ◽  
Entrepreneurial Education ◽  
Policy Makers ◽  
Start Up ◽  
Start Ups

Does an individual's positive attitude towards entrepreneurship education promote the growth of new ventures? It appears that it does. The empirical results presented in this paper support a prima facie claim that a relationship exists between attitude towards entrepreneurial education and business start-up. The aim of this paper is to investigate the hypothesised positive relationship between new venture founding and attitude towards entrepreneurial education (AEE). Limited if any research on new venture founding in the past has explored the contribution of AEE in business start-ups. A survey is carried out on a large sample (more than 15,000) of tertiary students residing in Singapore. In analysing the dataset, we have controlled for various factors in the regression analysis. Due to the limitations of our study, we are cautious not to assert any causal link between these 2 variables. The implications of the results to policy makers and educators are discussed along with suggestions for future research in order to refine our present understanding of these relationships.

scholarly journals VALORIZATION OF RESEARCH AND SCIENTIFIC INNOVATION RESULTS AS FACTOR OF SUSTAINABLE DEVELOPMENT OF AFRICAN AGRICULTURE: THE EXAMPLE OF BURKINA FASO

Afrika Focus ◽  
2019 ◽  
Vol 32 (2) ◽  
Author(s):  
Abdoulazize Banhoro ◽  
Rasmata Nana ◽  
Mahamadi Hamed Ouedraogo ◽  
Mahamadou Sawadogo
Keyword(s):  
Burkina Faso ◽  
Agricultural Development ◽  
New Technologies ◽  
International Markets ◽  
Management Plan ◽  
Research Results ◽  
Start Up ◽  
Scientific Innovation ◽  
African Agriculture ◽  
Start Ups

During the 1980s, many development partners in Africa were preoccupied by the application of research results to agricultural development. In Burkina Faso, this awareness led to set structures and mechanisms for the promotion of research results. From the synthesis of critical analyses ofthe valorization system, it appears that the valorization concept is polysemous. In addition, therehas been strong evolution in the mechanisms for promoting research results, development has also been hampered by certain shortcomings. Thus we propose, as a main track for a successful valorization policy, the creation of start-ups constituted of young professionals who possess skills that are specific and complementary. Young university-educated professionals are equipped to understand the new technologies of production and agricultural transformation. With an effective management plan the start-ups they represent could foster an effective application of research results, to improve food security and enhance the competitiveness of Burkina’s agricultural products on international markets. KEY WORDS: VALORIZATION, POLYSEMOUS, START-UP, AGRICULTURE

The influence of regional institutional setting on the performance of innovative entrepreneurship

2020 ◽  
Vol 14 (3) ◽  
pp. 639-659 ◽  
Author(s):  
Ruicheng Wang ◽  
William Chongyang Zhou
Keyword(s):  
Institutional Transformation ◽  
New Venture ◽  
Institutional Setting ◽  
Institutional Constraints ◽  
Policy Uncertainty ◽  
Content Type ◽  
Start Up ◽  
Product Sales ◽  
Comprehensive Framework ◽  
Start Ups

Purpose Two types of institutional constraints, namely, institutional voids and policy uncertainty, have been recognised and elaborated, including their influence on new venture performance. However, not enough attention has been paid to the multidimensional attribute of institutional transformation. By hinting at a relatively underexplored third type of institutional constraints, i.e. institutional fragility, this paper aims to build a comprehensive framework of institutional constraints to analyse how innovative start-up performance is influenced by institutional constraints. Design/methodology/approach Using Chinese manufacturing firms as the empirical sample, the authors use an econometric method to test the relationship between institutional constraints and the performance of innovative start-ups. Findings On the basis of a uniquely constructed database from 2005 to 2007, the authors find that institutional constraints are negatively associated with innovative start-up performance proxied by return on assets, sales growth and new product sales. Originality/value The study offers researchers and practitioners a detailed view of institutional constraints and innovative start-up performance.

scholarly journals Mode of Entry into Hybrid Entrepreneurship: New Venture Start-Up Versus Business Takeover

2017 ◽  
Author(s):  
Guoqian Xi ◽  
Jorn Hendrich Block ◽  
Frank Lasch ◽  
Frank Robert ◽  
Roy Thurik
Keyword(s):  
New Venture ◽  
Mode Of Entry ◽  
Start Up

Shortening the Learning Curve of Media Start-Ups in Accelerators

2018 ◽  
pp. 36-48 ◽  
Author(s):  
Aidin Salamzadeh ◽  
Mirjana Radovic Markovic
Keyword(s):  
Learning Curve ◽  
New Venture ◽  
New Venture Creation ◽  
Venture Creation ◽  
Working Space ◽  
Period 2 ◽  
Start Up ◽  
Support Mechanisms ◽  
Start Ups ◽  
Do So

Business accelerators are playing a key role in facilitating the process of new venture creation. Start-ups generally look for the best accelerators to make their long journey short. Media start-ups also look for a supportive mechanism to fasten their start-up experience. In this process, one of the main issues is to shorten their learning curve which is possible by use of start-up accelerators. Therefore, this chapter deals with the idea that which factors are important in this regard. To do so, first, a brief review of the support mechanisms is presented, and it is discussed that how start-up accelerators shorten the learning curve of the start-ups. Then, five media start-ups which were created in accelerators are studied. All of the cases were established after 2014, since the accelerators started working from the same year. According to the findings, there are mainly six reasons for shortening of the learning curve by start-up accelerators, including: (1) Short creation period, (2) Seminars and courses, (3) Co-working space, (4) Divided teams, (5) Cohort peers, and (6) Mentorship.

scholarly journals Institutional Change and Early-Stage Start-Up Selection: Evidence from Applicants to Venture Accelerators

2020 ◽  
Author(s):  
Valentina A. Assenova
Keyword(s):  
Developing Economies ◽  
Early Stage ◽  
High Growth ◽  
New Venture ◽  
Institutional Changes ◽  
New Firms ◽  
Institutional Reforms ◽  
Start Up ◽  
Average Probability ◽  
Start Ups

Existing research at the nexus of institutional theory and entrepreneurship suggests that lowering institutional barriers to forming, growing, and exiting new firms can affect the types of start-ups that entrepreneurs found in a region. These institutional changes could influence entrepreneurs’ perceptions of the value of partnering with venture accelerators and potentially improve these sponsors’ capacity to select high-growth start-ups to fund and develop. This study evaluates these ideas by developing and testing three hypotheses. First, institutional reforms improve entrepreneurs’ perceived value of venture accelerators for resources that affect new venture development. Second, they reduce the average probability of being selected for new applicants, due to a surge in the number and heterogeneity of new applicants within accelerators’ local ecosystems. Third, institutional reforms increase the quality of selected cohorts for accelerator managers due to increases in the average quality and human capital of new applicants. To evaluate these hypotheses, I analyze data from 13,770 applicants to venture accelerators over multiple application cycles between 2016 and 2018 in 170 countries. I use a differences-in-differences design to estimate the effects of institutional changes on start-up selection after regulatory reforms that reduced the time and procedures to start new firms, obtain credit, and resolve bankruptcy for entrepreneurs. The findings have valuable implications for how governments, especially those in emerging and developing economies, can support high-growth entrepreneurship.

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