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Toward a Theory of International New ventures

Toward a Theory of International New ventures Abstract The formation of organizations that are international from inception—international new ventures—is an increasingly important phenomenon that is incongruent with traditionally expected characteristics of multinational enterprises. A framework is presented that explains the phenomenon by integrating international business, entrepreneurship, and strategic management theory. That framework describes four necessary and sufficient elements for the existence of international new ventures: (1) organizational formation through internalization of some transactions, (2) strong reliance on alternative governance structures to access resources, (3) establishment of foreign location advantages, and (4) control over unique resources. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of International Business Studies Springer Journals

Toward a Theory of International New ventures

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References (51)

Publisher
Springer Journals
Copyright
1994 Academy of International Business
ISSN
0047-2506
eISSN
1478-6990
DOI
10.1057/palgrave.jibs.8490193
Publisher site
See Article on Publisher Site

Abstract

Abstract The formation of organizations that are international from inception—international new ventures—is an increasingly important phenomenon that is incongruent with traditionally expected characteristics of multinational enterprises. A framework is presented that explains the phenomenon by integrating international business, entrepreneurship, and strategic management theory. That framework describes four necessary and sufficient elements for the existence of international new ventures: (1) organizational formation through internalization of some transactions, (2) strong reliance on alternative governance structures to access resources, (3) establishment of foreign location advantages, and (4) control over unique resources.

Journal

Journal of International Business StudiesSpringer Journals

Published: Mar 1, 1994

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