Abstract
Purpose: The study aims to explore the mechanisms through which the international entrepreneurial culture is implemented in born global firms. Based on the findings, the entrepreneurial capability of born globals is discussed, as well as the ways in which this capability can help them and other SMEs to overcome results of an economic recession.
Methodology: A single in-depth case study of a Latvian born global firm is used as the critical and revelatory case for a close-up exploration of the organizational capability.
Findings: Guided by Drucker’s (1985) framework of entrepreneurial management, the study highlights the aspects of the framework that are applicable to born globals. The entrepreneurial capability of born globals rests on the entrepreneurial organizational culture instilled by the founder, the practices of continuous entrepreneurial search, specific staffing practices, professional trust among the management to enable fast decision making and flexibility, and close focus on the markets and networking to sense arising opportunities.
Originality / Value: This is one of the first studies to explore the mechanisms, through which the international entrepreneurial culture is implemented in born globals. The study is also among the first to study the effects of an economic recession on born globals and the capabilities, which can help the firms to overcome these effects.
Theoretical contribution: I attempt to develop the international entrepreneurship theory and discuss implementation of the international entrepreneurial culture through organizational capabilities.
Practical contribution: The study should provide useful insights to managers of born globals and other SMEs as for organizing entrepreneurial processes in their organizations.
Methodology: A single in-depth case study of a Latvian born global firm is used as the critical and revelatory case for a close-up exploration of the organizational capability.
Findings: Guided by Drucker’s (1985) framework of entrepreneurial management, the study highlights the aspects of the framework that are applicable to born globals. The entrepreneurial capability of born globals rests on the entrepreneurial organizational culture instilled by the founder, the practices of continuous entrepreneurial search, specific staffing practices, professional trust among the management to enable fast decision making and flexibility, and close focus on the markets and networking to sense arising opportunities.
Originality / Value: This is one of the first studies to explore the mechanisms, through which the international entrepreneurial culture is implemented in born globals. The study is also among the first to study the effects of an economic recession on born globals and the capabilities, which can help the firms to overcome these effects.
Theoretical contribution: I attempt to develop the international entrepreneurship theory and discuss implementation of the international entrepreneurial culture through organizational capabilities.
Practical contribution: The study should provide useful insights to managers of born globals and other SMEs as for organizing entrepreneurial processes in their organizations.
| Originalsprog | Engelsk |
|---|---|
| Publikationsdato | 2010 |
| Status | Udgivet - 2010 |
| Begivenhed | 2010 EFMD Entrepreneurship Conference - Advancia, Paris, Frankrig Varighed: 21 feb. 2010 → 23 feb. 2010 |
Konference
| Konference | 2010 EFMD Entrepreneurship Conference |
|---|---|
| Lokation | Advancia |
| Land/Område | Frankrig |
| By | Paris |
| Periode | 21/02/2010 → 23/02/2010 |