Week 46: Oviatt , McDougall : Defining International Entrepreneurship Flashcards
What is international entrepreneurship?
A: The discovery, evaluation, and exploitation of opportunities across national borders to create goods and services.
Q: What are the key aspects of international entrepreneurship?
A: Cross-border behavior, comparative study of entrepreneurial activities, and the born global phenomenon.
Q: What does the model of internationalization speed explain?
A: It explains the factors that influence how quickly entrepreneurial firms expand internationally.
Q: What are the four forces influencing the speed of internationalization?
A: Enabling forces, motivating forces, mediating forces, and moderating forces.
Q: What are enabling forces in internationalization?
A: Factors like technology and infrastructure that make internationalization possible by reducing barriers.
Q: What are motivating forces in internationalization?
A: Drivers like competition and market dynamics that push firms to internationalize quickly.
Q: What are mediating forces in internationalization?
A: Entrepreneurs’ experience, traits, and decision-making that influence how they interpret and act on opportunities.
Q: What are moderating forces in internationalization?
A: Factors like knowledge and networks that shape the relationship between opportunities and speed of internationalization.
Q: What are the three key aspects of internationalization speed?
A: Initial entry speed: The time it takes for a firm to enter its first foreign market after identifying an opportunity.
Country scope speed: How quickly a firm expands to multiple countries after entering its first foreign market.
Commitment Speed: The pace at which a firm increases its foreign revenue or involvement in international markets.
How do networks influence internationalization?
Strong ties build trust, weak ties provide diverse information, and brokers connect networks, enabling faster international growth.
