Abstract
In this chapter, we report on transformations of an entrepreneurial firm during its internationalisation. We propose the use of a prediction/control framework to explain how an entrepreneurial firm gradually changes into a multinational corporation. During the processes of expansion the firm deploys different behaviours that indicate shifting mindsets from approaches that can be characterised as entrepreneurial to behaviours considered as managerial. Following a firm’s development from inception to its end as independent entit,y we discuss how the cross-roads between Entrepreneurship and International Business disciplines might create synergies beyond their own confines by establishing International Entrepreneurship as a meaningful field of study.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsReferences
Aldrich, H. E. (2001). Who wants to be an evolutionary theorist: Remarks on the occasion of the Year 2000 OMT distinguished scholarly career award presentation. Journal of Management Inquiry, 10(2), 115–127.
Autio, E., Sapienza, H. J., & Almeida, J. G. (2000). Effects of age at entry, knowledge intensity and imitability on international growth. Academy of Management Journal, 43(5), 909–924.
Coviello, N. E. (2006). The network dynamics of international new ventures. Journal of International Business Studies, 37(5), 713–732.
Dunning, J. H. (1988). International production and the multinational enterprise. London: George Allen & Unwin.
Endres, A. M., & Woods, C. R. (2009). Schumpeter’s conduct model of the dynamic entrepreneur: Scope and distinctiveness. Journal of Evolutionary Economics, (online first). doi:10.1007/s00191-009-0159-3.
Hamel, G., & Prahalad, C. K. (1991). Corporate imagination and expeditionary marketing. Harvard Business Review, 69(4), 81–92.
Johanson, J., & Vahlne, J-E. (1977). The Internationalization Process of the Firm—A Model of Knowledge Development and Increasing Foreign Market Commitments. Journal of International Business Studies, 8(1), 23–32.
Johanson, J., & Vahlne, J.-E. (2003). Business relationship learning and commitment in the internationalisation process. Journal of International Entrepreneurship, 1(1), 83–101.
Jones, M. V., & Coviello, N. E. (2005). Internationalisation: Conceptualising an entrepreneurial process of behaviour in time. Journal of International Business Studies, 35(3), 284–304.
Keupp, M. M., & Gassmann, O. (2009). The past and the future of international entrepreneurship: A review and suggestions for developing the field. Journal of Management, 35(3), 600–633.
Lewin, A. Y., Long, C. P., & Carroll, T. N. (1999). The coevolution of new organizational forms. Organization Science, 10(5), 535–550.
March, J. G. (1991). Exploration and exploitation in organizational learning. Organization Science, 2(1), 71–87.
Matthews, J. A., & Zander, I. (2007). The international entrepreneurial dynamics of accelerated internationalisation. Journal of International Business Studies, 38, 1–17.
McKelvey, B. (1997). Quasi-natural organization science. Organization Science, 8(4), 352–380.
Mintzberg, H. (1994). The rise and fall of strategic planning: Reconceiving roles for planning, plans, planners. New York: Free Press.
Oviatt, B. M., & McDougall, P. P. (1994). Toward a theory of international new ventures. Journal of International Business Studies, 25(1), 45–64.
Porter, M. E. (1980). Competitive strategy: Techniques for analyzing industries and competitors. New York: Free Press.
Sandberg, B., Hurmerinta, L., & Zettinig, P. (2013). Highly innovative and extremely entrepreneurial individuals: What are these rare birds made of? European Journal of Innovation Management, 16(2), 227–242.
Sarasvathy, S. D. (2001). Causation and effectuation: Toward a theoretical shift from economic inevitability to entrepreneurial contingency. Academy of Management Review, 26(2), 243–263.
Sarasvathy, S. D., & Dew, N. (2005). Entrepreneurial logics for a technology of foolishness. Scandinavian Journal of Management, 21, 385–406.
Sarasvathy, S. D., Dew, N., Read, S., & Wiltbank, R. (2008). Designing organisations that design environments: Lessons from entrepreneurial expertise. Organization Studies, 29(3), 331–350.
Schumpeter, J. (1934). The theory of economic development. Cambridge, MA: Harvard.
Stevenson, H. H., & Gumpert, D. E. (1985). The heart of entrepreneurship. Harvard Business Review, 2, 85–94.
Teece, D. J., Pisano, G., & Shuen, A. (1997). Dynamic capabilities and strategic management. Strategic Management Journal, 18(7), 509–533.
Van de Ven, A. H., & Engleman, R. M. (2004). Event- and outcome-driven explanations of entrepreneurship. Journal of Business Venturing, 19, 343–358.
Wiltbank, R., Dew, N., Read, S., & Sarasvathy, S. D. (2006). What to do next? The case for non-predictive strategy. Strategic Management Journal, 27, 981–998.
Zahra, S. A. (2005). The theory of international new ventures: A decade of research. Journal of International Business Studies, 36(1), 20–29.
Zahra, S. A., & George, G. (2002). International entrepreneurship: The current status of the field and future research agenda. In M. Hitt, D. Ireland, D. Sexton, & M. Camp (Eds.), Strategic entrepreneurship: Creating an integrated mindset strategic management series (pp. 255–288). Oxford: Blackwell.
Zettinig, P., & Benson-Rea, M. (2008). What becomes of international new ventures? A coevolutionary approach. European Management Journal, 26, 345–365.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2017 The Editor(s) (if applicable) and the Author(s)
About this chapter
Cite this chapter
Zettinig, P., Sandberg, B., Fuerst, S. (2017). Value Creation During Different Development Stages: What Changes When an Entrepreneurial Firm Transforms into a Multinational Corporation?. In: Marinova, S., Larimo, J., Nummela, N. (eds) Value Creation in International Business. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-39369-8_5
Download citation
DOI: https://doi.org/10.1007/978-3-319-39369-8_5
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-319-39368-1
Online ISBN: 978-3-319-39369-8
eBook Packages: Business and ManagementBusiness and Management (R0)