TY - JOUR
T1 - Born globals
T2 - How to reach new business space rapidly
AU - Gabrielsson, Mika
AU - Manek Kirpalani, V. H.
N1 - Funding Information:
This article has benefited from the born globals research project led by Professor Reijo Luostarinen of the Helsinki School of Economics. The project is part of the LIIKE-research program, financed by TEKES, the National Technology Agency, and the Academy of Finland.
PY - 2004
Y1 - 2004
N2 - The born global start-up lacks resources compared to the requirement of reaching world markets. Further, the extant internationalization theories may not be adequate to indicate viable channel alternatives for born globals. The conventional way of pledging personal assets, raising resources, and expanding internationally is definitely slow and this adds to the usual business risks. Thus, the major imperative emerges that the born global must utilize large channels provided by MNCs, networks, and/or the Internet to receive substantial revenues and cash flow rapidly. These channels also provide learning, technology, and evolutionary growth. Examples of the performance of born globals, with relatively similar products, originating from Israel and Finland are used to elaborate. Also, the managerial implications for born globals, and future research areas are brought out.
AB - The born global start-up lacks resources compared to the requirement of reaching world markets. Further, the extant internationalization theories may not be adequate to indicate viable channel alternatives for born globals. The conventional way of pledging personal assets, raising resources, and expanding internationally is definitely slow and this adds to the usual business risks. Thus, the major imperative emerges that the born global must utilize large channels provided by MNCs, networks, and/or the Internet to receive substantial revenues and cash flow rapidly. These channels also provide learning, technology, and evolutionary growth. Examples of the performance of born globals, with relatively similar products, originating from Israel and Finland are used to elaborate. Also, the managerial implications for born globals, and future research areas are brought out.
KW - Born globals
KW - Channels
KW - MNCs
UR - http://www.scopus.com/inward/record.url?scp=7444230975&partnerID=8YFLogxK
U2 - 10.1016/j.ibusrev.2004.03.005
DO - 10.1016/j.ibusrev.2004.03.005
M3 - Article
AN - SCOPUS:7444230975
SN - 0969-5931
VL - 13
SP - 555
EP - 571
JO - International Business Review
JF - International Business Review
IS - 5
ER -