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Profiling The International New Venture -A Literature Review Of The Empirical Evidence, Natasha Evers

The ITB Journal

International New Ventures (INVs) are defined as "business organisations that, from inception, seek to derive significant competitive advantage from the use of resources and the sale of outputs in multiple countries" (McDougall et al., 1994: 470). Globalisation, the dismantling of trade barriers, and the pervasive impact of new technologies have created unprecedented opportunities for young firms to go international early in their life cycle. This is also evidenced by the large number of long established firms that have recently internationalised. In light of these global trends, size of the firm is no longer a key determinant of internationalisation as it …