International New Ventures Essay -- International Business

IntroductionThe article A Theory of planetary raw Ventures A Decade of look by Zahra (2005) is based on findings based on research sparked by the rub down of Oviatt and McDougall (1994) Toward a Theory of International New Ventures. In this article, Zahra (2005) builds on the authors research framework, highlighting aspects which expand on the original article and pointing out those which petition re-examination in the light of accumulating empirical findings. The term international entrepreneurship as real by Oviatt and McDougall (1994) brings international business theory into an integrated model of International New Ventures (INVs) with an approach based on unique resources and network relationships facilitated by information and communication technology. Defined as a business composition formed for the purpose of deriving significant competitive advantage from the use of goods and services of resources and sale of outputs in multiple countries, INVs play an integral role in todays spherical economy as recent global conditions have made the INV form of organization competitive (Oviatt and McDougall, 1994).Literature refreshThe emergence of INVs is one of the defining features of modern global capitalism (Oviatt and McDougall, 1994). These INVs receipts from the globalized economy in various ways extending their technological learning by tapping into various sources of innovation and competitive advantages as found in the results of a study by Zahra, Ireland and Hitt (2000). Oviatt and McDougall (1994) identified four types of INVs using two dimensions coordination of prize chain activities and the number of countries involved namely- export/import start-ups, multinational trader, geographic focused start ups and global start-up... ....D. and Hitt, M.A (2000) International Expansion by New Venture Firms International Diversity, Mode of Market Entry, Technological Learning and capital punishment, Academy of Management Journal, 43 (5) pp. 925-950 . Business rise Premier (Online). visible(prenominal) at http//ehis.ebscohost.com.ezproxy.liv.ac.uk/ehost/ (Accessed 8 April 2012).Zahra, S. & George, G. (2002) International Entrepreneurship The Current Status of the Field and hereafter Research Agenda. In M. Hitt, D. Ireland, D. Sexton & M. Camp (Eds.). Strategic Entrepreneurship Creating an interconnected Mindset. Oxford Blackwell, 255-288.Zahra, S.A. (2005) A Theory of International New Ventures A Decade of Research, Journal of International Business Studies, 36 (1) pp. 2028. Business Source Premier (Online) Available at www.jstor.org.libproxy1.liv.ac.uk/stable/pdfplus/3875288.pdf (Accessed 10 April 2012).