New Venture Growth in International Markets: The Role of Strategic Adaptation and Networking Capabilities
International Entrepreneurship
ISBN: 978-0-76231-227-6, eISBN: 978-1-84950-356-3
Publication date: 23 September 2005
Abstract
International new ventures have been argued to seek foreign markets from inception in response to the external environment and/or motivations internal to the firm. For example, a new venture that exists in an industry that is more globally integrated is more likely to have a need to internationalize in order to remain competitive (Shrader, Oviatt, & McDougall, 2000). Similarly, those new ventures that have limited domestic growth due to the size of their home country may look elsewhere in order to gain a sufficient level of sales to survive (Zahra & George, 2002). Some of the many firm-specific motivations to internationalize might include the desire to fully exploit a unique product (Burgel & Murray, 2000; Oviatt & McDougall, 1994, 1995), capitalize on the learning advantage of newness (Autio, Sapienza, & Almeida, 2000) or take advantage of networking opportunities (Reuber & Fischer, 1997).
Citation
Fernhaber, S.A. and McDougall, P.P. (2005), "New Venture Growth in International Markets: The Role of Strategic Adaptation and Networking Capabilities", Shepherd, D.A. and Katz, J.A. (Ed.) International Entrepreneurship (Advances in Entrepreneurship, Firm Emergence and Growth, Vol. 8), Emerald Group Publishing Limited, Leeds, pp. 111-136. https://doi.org/10.1016/S1074-7540(05)08005-0
Publisher
:Emerald Group Publishing Limited
Copyright © 2005, Emerald Group Publishing Limited