By Julia Christofor, Tobias Kollmann

With the continued dispersion of the worldwide electronic community and function advancements of knowledge and conversation applied sciences, resource-poor start-ups with on-line company types have emerges in huge numbers. those companies may be able to installation their competitve benefits throughout their state forums early of their life-cycle and have interaction in overseas trade at a quick velocity. A elevated immediacy among the corporations and the glabally obtainable buyer is saw.

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Additional info for Antecedents of Venture Firms' Internationalization: A Conjoint Analysis of International Entrepreneurship in the Net Economy

Example text

1. 1. 2. 3. 4. 2. 2. 3. 1. 2. 3. 5. Directions for Future Research Structure of the study In part 7 the obtained cluster solution is described. First, the cluster characteristics are identified by measuring the t-value and by describing the weights of the active cluster variables for each group. To this end, the members of each group are characterized based on the active cluster variables, which are the dimensions of entrepreneurial orientation: Risk-taking, proactiveness and innovativeness. Descriptions of the cluster members based on the cluster characteristics and the corresponding internationalization propensity preference models then follow.

For example, firms within the boundaries of the regional trade agreement MERCOSUR (Mercado Común del Sur) between Brazil, Argentina, Uruguay, Venezuela, and Paraguay may implement a sprinkler strategy, where a group of Latin American countries may be entered simultaneously. In other region, where the mobile industry is growing, such as Western Europe, USA and Asia may be entered simultaneously. Keegan (1999) argues that the reasons behind such a strategic approach, which is, backed by high-speed expansion, may be the increasingly short product and technology cycles.

However, not all E-Ventures internationalize, although the characteristics needed are given (Spence, 2003): In a study by Dienst (2003) 90% of the born globals surveyed in Germany stated that they revoked their internationalization endeavors and gave up foreign subsidiaries to cater to the domestic market (Dienst, 2003, p. 541). This phenomenon, although E-Ventures dispose of the characteristics of Born Globals, challenges the general assumptions of the international new ventures theory. Moreover, there are assumed to be some influencing factors, which prevent other E-Ventures, although the prerequisites are provided, from internationalizing, while other firms internationalize upon inception and successfully overcome their organizational liabilities based on age, size and technology7.

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