International corporate entrepreneurship among SMEs : a test of Stevenson's notion of entrepreneurial management

Naldi, Lucia, Achtenhagen, Leona, & Davidsson, Per (2015) International corporate entrepreneurship among SMEs : a test of Stevenson's notion of entrepreneurial management. Journal Of Small Business Management, 53(3), pp. 780-800.

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Abstract

Geographical market expansion is included in various definitions of entrepreneurship as it entails the opening up of new markets (for example, Davidsson 2003). Expansion into new international markets and launch of new products in international markets are also consistent with definitions of entrepreneurship which center on the pursuit of opportunities {e.g.\Stevenson, 1983 #922;Gartner, 1993 #931}. Accordingly, the decision by managers of small, internationally active businesses to continue to internationalize can be viewed as an entrepreneurial act.

In spite of the fact that both start-ups and existing firms can behave entrepreneurially by expanding into new international markets, the attention of entrepreneurship researchers interested in international activities has largely focused on international new ventures (INVs); that is, business organizations that internationalize from inception (Oviatt, and McDougall 1994; Oviatt, and McDougall 1997). Consequently, pursuit of international opportunities by established small and medium-sized enterprises (SMEs) lacks theoretical understanding and empirical investigation through an entrepreneurship lens.

This paper contributes to the body of knowledge at the entrepreneurship-internationalization interface by testing whether Stevenson’s opportunity-based conceptualization of entrepreneurial management (Stevenson 1983; Stevenson and Gumpert 1985; Stevenson and Jarillo 1990) can explain the attainment of continued entrepreneurial outcomes by SMEs operating in foreign markets. We choose Stevenson’s conceptualization as it gauges firm-level characteristics that are theorized to facilitate the pursuit of entrepreneurial opportunities, which arguably is at the heart of SMEs’ continued venturing into international markets.

Impact and interest:

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4 citations in Web of Science®

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ID Code: 63041
Item Type: Journal Article
Refereed: Yes
Additional URLs:
Keywords: International Corporate Entrepreneurship, SMEs, Stevenson’s Entrepreneurial Management
DOI: 10.1111/jsbm.12087
ISSN: 0047-2778
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Entrepreneurship (150304)
Divisions: Current > Research Centres > Australian Centre for Entrepreneurship
Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Management
Copyright Owner: Copyright 2013 International Council for Small Business
Deposited On: 30 Sep 2013 22:37
Last Modified: 14 Sep 2015 07:32

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