Both researchers and practitioners have paid considerable attention to the significant role of new ventures (that is, firms younger than eight years) in the global economy (Oviatt & McDougall, 1994; Zahra, Ireland & Hitt, 2000). The increasing growth of new ventures has not only added more products and services to the market and stimulated market competition, but also provided more employment o...

Online publication date: 28 July 2005 Abstract In spite of the increasing popularity of international joint ventures, managers express a high level of dissatisfaction with them. This paper argues that overemphasis on the outcome has resulted in a neglect of the social processes underlying the outcome. The paper elaborates upon the rationale for a cooperative approach towards interorganizational...

This paper contributes to strategic management research though exploring the origin and the evolution of strategy practices in entrepreneurial ventures. It is based on a case study of eight IT software and services firms in Finland. This paper demonstrates that strategy practices in new ventures are very different from each other and that their nature is dependent on the experience, education l...

The marketing performance of international joint ventures (IJVs) particularly of those in the Southeast Asian Economies has not received adequate attention from international business researchers and International Joint Ventures (IJVs) have become an important means of market entry for many firms, particularly those seeking entry into Asia. This study identifies the factors influencing the mark...

Are firms born Global? Because knowledge spillovers that lead to new venture creation are geographically constrained we believe that firms are born local. It follows that the decision to create sustainable new ventures is independent from the decision to internationalize, even if that is the ultimate goal of the firm. We explore two avenues to internationalize new ventures, a direct path descri...

Since 1980, firms have made increasing use of joint ventures, networkbased arrangements, and other forms of intermediate transacting modes for both domestic and overseas projects [2]. However, many of these cooperative initiatives have performed poorly; estimates of the failure rate sustained by multinational joint ventures, for example, range from 37-70% of all those formed [8, 10]. Can histor...

The second wave of e-ventures, i.e., newly founded companies offering communitydriven services via the Internet, is characterized by user content contribution, network effects, and altering business models due to the dynamic environment. This paper investigates issues relevant in the early stages of second wave of e-ventures. The paper describes two case studies, one the video sharing community...

The relationship between venture capital and growth is examined using an endogenous growth model incorporating dynamic contracts between entrepreneurs and venture capitalists. At each stage of financing, venture capitalists evaluate the viability of startups. If viable, VCs provide funding for the next stage. The success of a project depends on the amount of funding. The model is confronted wit...

This article discusses the importance of firm-level cultural intelligence in the context of international business ventures such as offshoring. We identify the recent movement toward global delivery models in offshoring ventures as the strategic imperative for offshoring partners to acquire and develop firm-level cultural intelligence. Drawing on Earley and Ang’s (2003) conceptualization of cul...

This paper represents a summary of primary empirical research on angel investing across the United States. Data is based on responses from 121 angel investors to a detailed survey reporting on 1,038 new venture investments and 414 exit events from those investments. These investors currently have approximately $100M invested in 624 ongoing new ventures. The one of a kind data set consists of in...