International Entrepreneurship

9 important questions on International Entrepreneurship

Effectuation - attitude toward outsiders

Open for and contingent on involvement of other people

Causation - view on risk and resources

Well-defined business plan and seeks large investments that allow maximizing expected returns

Effectuation - view on risk and resources

Highlights inherent unpredictability of environment, small-step investments are made
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Three types of managerial choices

Policy choices, asset choices and governance choices

When cultural distance for US increase,

Internal local control. Moderate risk-taking propensity and high energy level decrease

How are new ventures created

Translation of an existing organizational form from a different institutional setting

Entrepreneurs are faced with 2 legitimacy pressures,

Local-level legitimacy and category-level legitimacy

Why hard to get it right the second time

Due to optimist and overconfidence

Benefits for public firms

Operational expansion, name recognition, and reduction of cost of capital

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