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Becoming a multinational enterprise: Using industry recipes to achieve rapid multinationalization
Author(s)
Date Issued
2018-05
Date Available
2019-03-26T11:50:20Z
Abstract
We aim to build a greater understanding of how young entrepreneurial firms internationalize fast through foreign subsidiaries to become a multinational enterprise (MNE). Despite the prevalence of fast-paced international expansion, theory development on how it is achieved through high-commitment entry modes has been scarce. Our work substantially addresses this gap by conceptualizing how rapid multinationalization occurs. Using qualitative case studies, we explore eight young entrepreneurial firms operating in the software-as-a-service (SaaS) industry aspiring to achieve early market dominance internationally through rapid multinationalization. Drawing on the concept of industry recipes, we explain how recipe heuristics and recipe augmentation enable rapid multinationalization and showcase the economic and knowledge acquisition logics which underpin these endeavors. This study introduces internationalization via industry recipe, explains the micro-level regulation of internationalization speed, and contributes to aligning international entrepreneurship and MNE perspectives on internationalization.
Other Sponsorship
Technology Management Research Center (TMRC), Rutgers University and College of Business, University College Dublin
Type of Material
Journal Article
Publisher
Palgrave Macmillan
Journal
Journal of International Business Studies
Volume
49
Issue
4
Start Page
473
End Page
495
Copyright (Published Version)
Academy of International Business 2018
Language
English
Status of Item
Peer reviewed
This item is made available under a Creative Commons License
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Monaghan_&_Tippmann_2018_JIBS_Becoming_a_Multinational_Enterprise.docx
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75.11 KB
Format
Owning collection
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