International New Ventures

Small and young ventures play a pivotal role in generating most new jobs and innovations, and as a result they are of premier interest in improving the economic wealth across countries. In today's increasingly competitive business environment, many new ventures pursue opportunities and use resources outside the home country of origin. Interest in international entrepreneurship (IE) has surged, and as a result academic study of IE has grown rapidly in the 21st century. According to Benjamin Oviatt and Patricia McDougall, international entrepreneurship involves the discovery, enactment, evaluation, and exploitation of opportunities across national borders to create future goods and services. Research on international entrepreneurship has focused on small and young (often referred to as “born global”) ventures: business organizations that, from their inception, seek to ...