Abstract
This paper introduces the concept of point of no return to explain various change options entrepreneurs might pursue when the attainment of firm international objectives and international growth strategy becomes uncertain. We distinguish between two types of points of no return: real and false. When in the area of the real point of no return, the appropriate strategy for small firms would be to cocoon. To successfully cocoon, a firm would require having a minimum safety net, referred to as a withstanding gestalt. Agility and escalation of commitment have emerged as the two major behavioural factors that discriminate between success and failure.
Original language | English |
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Title of host publication | Social Innovation for Competitiveness, Organizational Performance and Human Excellence |
Publisher | University of Rotterdam, Erasmus Unviersity |
Publication date | 6 Jun 2012 |
Publication status | Published - 6 Jun 2012 |
Event | EURAM 12th Conference - Erasmus University, Rotterdam, Netherlands Duration: 6 Jun 2012 → 9 Jun 2012 |
Conference
Conference | EURAM 12th Conference |
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Location | Erasmus University |
Country/Territory | Netherlands |
City | Rotterdam |
Period | 06/06/2012 → 09/06/2012 |
Keywords
- De-internationalisation
- small high-technology firms
- Critical incidents technique
- Theory building
- Point of no return