See attached article.
Explain how the article builds on the seminal work of Oviatt and McDougall in their paper, Toward a Theory of International New Ventures, published in 1994. Describe and analyse the factors identified in the Zahra article as giving competitive advantage to new firms in the globalized economy. Do you agree that these are the key factors underlying success in the international business environment? Give reasons for your answer
I have identified what I believe are the key factors from Oviatt and McDougall. Please read over these and add your impressions as to why they might be key and how they can affect success or lack of it for either the established firm or the new ventures as identified in the article.
Two key factors about new firms is their spread of knowledge and managerial skills.
One of the key insights of Oviatt and McDougall is that firms do not need their own resources to internationalize. These entrepreneurial firms are defined by actions not resources. Emphasizing these actions and not resources means that Oviatt and McDougall focused on how the companies competed in the international markets.
Where and how to protect their culture within the organization and all the knowledge, innovative abilities, and inner relationships helped to define the new framework they established.
One of the key issues of the Oviatt ...
The expert describes and analyzes the factors identified for a globalized economy.