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What becomes of International New Ventures? A coevolutionary approach

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  • Zettinig, Peter
  • Benson-Rea, Maureen

Abstract

Summary This paper seeks to broaden theoretical understanding of International Entrepreneurship towards a unifying conceptual framework by addressing the fundamental question of what mechanisms secure long-run International New Venture (INV) survival and growth. We propose a coevolutionary approach that brings concepts from other fields of organisational theory to explain the strategic development of INVs. Our argument integrates conceptualisations of symbiotic systems with the abilities of INVs to explore new knowledge and to exploit existing knowledge for their long-run survival. We describe how survival is achieved by INVs acquiring legitimacy and how they use and develop superior adaptability to expand in dynamic and multiple institutional environments.

Suggested Citation

  • Zettinig, Peter & Benson-Rea, Maureen, 2008. "What becomes of International New Ventures? A coevolutionary approach," European Management Journal, Elsevier, vol. 26(6), pages 354-365, December.
    • Handle: RePEc:eee:eurman:v:26:y:2008:i:6:p:354-365
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    Citations

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    Cited by:

    1. Panibratov, Andrei & Chen, Xinchuan, 2018. "The role of informal institutions in the internationalization process of Chinese and Russian firms," Working Papers 15115, Graduate School of Management, St. Petersburg State University.
    2. Angélique Breuillot & Rachel Bocquet & Véronique Favre-Bonté, 2022. "Navigating the internationalization process: Strategic resources for early internationalizing firms," Journal of International Entrepreneurship, Springer, vol. 20(2), pages 282-315, June.
    3. Renato Cotta Mello & Angela Rocha & Jorge Ferreira Silva, 2019. "The long-term trajectory of international new ventures: A longitudinal study of software developers," Journal of International Entrepreneurship, Springer, vol. 17(2), pages 144-171, June.
    4. Odlin, Denis, 2019. "Domestic competitor influence on internationalizing SMEs as an industry evolves," Journal of World Business, Elsevier, vol. 54(2), pages 119-136.
    5. Abdulrahman Al–Aali & David J. Teece, 2014. "International Entrepreneurship and the Theory of the (Long–Lived) International Firm: A Capabilities Perspective," Entrepreneurship Theory and Practice, , vol. 38(1), pages 95-116, January.
    6. Indujeeva Peiris & Michèle Akoorie & Paresha Sinha, 2012. "International entrepreneurship: A critical analysis of studies in the past two decades and future directions for research," Journal of International Entrepreneurship, Springer, vol. 10(4), pages 279-324, December.
    7. Anika Laperrière & Martine Spence, 2015. "Enacting international opportunities: The role of organizational learning in knowledge-intensive business services," Journal of International Entrepreneurship, Springer, vol. 13(3), pages 212-241, September.
    8. Sleuwaegen, Leo & Onkelinx, Jonas, 2014. "International commitment, post-entry growth and survival of international new ventures," Journal of Business Venturing, Elsevier, vol. 29(1), pages 106-120.
    9. Thomas Thurner & Mikhail Gershman & Vitaly Roud, 2015. "Partnerships as internationalization strategy: Russian entrepreneurs between local restrictions and global opportunities," Journal of International Entrepreneurship, Springer, vol. 13(2), pages 118-137, June.
    10. Rubina Romanello & Maria Chiarvesio, 2019. "Early internationalizing firms: 2004–2018," Journal of International Entrepreneurship, Springer, vol. 17(2), pages 172-219, June.
    11. Poul Andersen & Morten Rask, 2014. "Creating legitimacy across international contexts: The role of storytelling for international new ventures," Journal of International Entrepreneurship, Springer, vol. 12(4), pages 365-388, December.
    12. Francisco Puig & Miguel González-Loureiro & Pervez N. Ghauri, 2014. "Internationalisation for Survival: The Case of New Ventures," Management International Review, Springer, vol. 54(5), pages 653-673, October.
    13. Blesa, Andreu & Ripollés, María, 2021. "Critical capabilities for widening international new ventures’ geographical scope," European Management Journal, Elsevier, vol. 39(2), pages 201-213.
    14. Joan Freixanet & Ryan Federo, 2022. "When Born Globals Grow Up: A Review and Agenda for Research on the Performance of Maturing Early Internationalizers," Management International Review, Springer, vol. 62(6), pages 817-857, December.

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