How new ventures exploit trade-offs among international risk factors: Lessons for the accelerated internationization of the 21st century

• 成果类型: Article; Proceedings Paper
• 署名作者: Shrader, RC; Oviatt, BM; McDougall, PP
• 署名单位: University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital; University System of Georgia; Georgia State University; Indiana University System; Indiana University Bloomington
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/1556347
• 发表日期: 2000
• 页码: 1227-1247
• 关键词: GLOBAL STRATEGY; entry mode; firm; performance; management; IMPACT; entrepreneurship; determinants; PERSPECTIVES; environment

摘要

The Organisation for Economic Go-operation and Development predicts that the internationalization of businesses will accelerate in the 21st century. Our study examined how the risks of accelerated internationalization may be managed in 212 foreign market entries by 87 new ventures based in the United States. Findings suggested that ventures managed strategic international risks by exploiting simultaneous trade-offs among foreign revenue exposure, country risk, and entry made commitment in each country.