International opportunity identification in the internationalisation of the firm

We study the internationalisation efforts of entrepreneurs who intentionally orchestrate opportunity identification activity in the internationalisation process. The internationalisation of the firm is a process of entering new international markets that becomes possible only after an individual wit...

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Veröffentlicht in:Journal of world business : JWB 2015-10, Vol.50 (4), p.704-717
Hauptverfasser: Muzychenko, Olga, Liesch, Peter W.
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container_title Journal of world business : JWB
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creator Muzychenko, Olga
Liesch, Peter W.
description We study the internationalisation efforts of entrepreneurs who intentionally orchestrate opportunity identification activity in the internationalisation process. The internationalisation of the firm is a process of entering new international markets that becomes possible only after an individual within the firm has identified opportunities in those markets. Using case evidence, we apply the theory of planned behaviour from social psychology to explain why some individuals identify international opportunities and overcome the liability of foreignness and the liability of outsidership inherent in a new international market entry. We offer a behavioural model of international opportunity identification, and we outline factors that determine an entrepreneur's perception of international opportunity identification to be a feasible and desirable activity.
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source Elsevier ScienceDirect Journals
subjects Entrepreneurs
Globalization
Intention
International market
International markets
International opportunity identification
Internationalisation process
Market entry
Organizational behavior
Organizational behaviour
Perception
Perceptions
Self-efficacy
Studies
Theory of planned behaviour
title International opportunity identification in the internationalisation of the firm
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