Toward a Theory of International New ventures View Full Text


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Article Info

DATE

1994-03

AUTHORS

Benjamin M. Oviatt, Patricia Phillips McDougall

ABSTRACT

The formation of organizations that are international from inception—international new ventures—is an increasingly important phenomenon that is incongruent with traditionally expected characteristics of multinational enterprises. A framework is presented that explains the phenomenon by integrating international business, entrepreneurship, and strategic management theory. That framework describes four necessary and sufficient elements for the existence of international new ventures: (1) organizational formation through internalization of some transactions, (2) strong reliance on alternative governance structures to access resources, (3) establishment of foreign location advantages, and (4) control over unique resources. More... »

PAGES

45-64

References to SciGraph publications

  • 1985. Entrepreneurship and the Dynamics of Foreign Direct Investment in THE ECONOMIC THEORY OF THE MULTINATIONAL ENTERPRISE
  • 1988-03. The Eclectic Paradigm of International Production: A Restatement and Some Possible Extensions in JOURNAL OF INTERNATIONAL BUSINESS STUDIES
  • Identifiers

    URI

    http://scigraph.springernature.com/pub.10.1057/palgrave.jibs.8490193

    DOI

    http://dx.doi.org/10.1057/palgrave.jibs.8490193

    DIMENSIONS

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