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Small Business Economics

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03-06-2019

Effectuation and internationalisation: a review and agenda for future research

Authors: Masoud Karami, Ben Wooliscroft, Lisa McNeill

Published in: Small Business Economics | Issue 3/2020

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Abstract

Effectuation theory has been increasingly applied in research examining the internationalisation of small- and medium-sized enterprises (SMEs). This study systematically reviews the SME internationalisation literature to clarify the ways effectuation theory helps international entrepreneurship (IE) scholarship respond to key questions of how international opportunities are developed. The review identified central topics of limited resources, networking, and an unplanned approach, which connect effectuation with extant internationalisation research. In so doing, the study offers two contributions. The first is an articulation of effectual mechanisms at work in IE opportunity development. The second offers insights back to effectuation theory regarding the context of IE and potential areas for improving the application of effectuation to IE research. We close with implications and an agenda for future research.

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We considered citation as a major/core if the study was only built upon effectuation theory: major for papers which used effectuation theory along with other theories and minor for papers which did not apply effectuation theory directly but had some discussion about the theory.

R-A theory is about a firm’s resources and its competitive position in the market. R-A argues that obtaining unique or hard-to-imitate resources is the basis of a firm’s competitive advantage. According to R-A theory, to gain a superior financial performance, firms should gain a comparative advantage in resources which leads to a competitive advantage. Access to other’s resources and networking play an important role in R-A theory (Hunt 2000).

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Title: Effectuation and internationalisation: a review and agenda for future research
Authors: Masoud Karami
Ben Wooliscroft
Lisa McNeill
Publication date: 03-06-2019
Publisher: Springer US
Published in: Small Business Economics / Issue 3/2020
Print ISSN: 0921-898X
Electronic ISSN: 1573-0913
DOI: https://doi.org/10.1007/s11187-019-00183-4

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