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"A roasted duck can still fly away": A case study of technology, nationality, culture and the rapid and early internationalization of the firm

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  • Zhang, Marina Y.
  • Dodgson, Mark
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    Abstract

    The possession of key international technical standards in some technology-based sectors can provide considerable advantages for firms wishing to internationalize rapidly and early. Avaro, a start-up Korean company, developed and owned a critical standard in the emerging international mobile payments industry. The company also enjoyed many of the other conditions conducive to successful internationalization, such as supportive international networks, encouraging government policy, attractive international market and financing opportunities and a munificent national technological and business home base. Yet the company's efforts at rapid and early internationalization failed. A multiplicity of factors explains how, despite its advantages, the company did not internationalize successfully. The paper highlights the importance of specific national and cultural factors constraining rapid and early internationalization. It argues that the nascent research field of international entrepreneurship has fully to account for the particular characteristics of technology products and markets, national business systems, and enduring cultural influences as it develops theoretical understanding of, and guides management practices in, emerging global technology markets.

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    Bibliographic Info

    Article provided by Elsevier in its journal Journal of World Business.

    Volume (Year): 42 (2007)
    Issue (Month): 3 (September)
    Pages: 336-349

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    Handle: RePEc:eee:worbus:v:42:y:2007:i:3:p:336-349

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    Related research

    Keywords: Internationalization Technology-based entrepreneurship Technical standards National and cultural influences Korea;

    References

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    Cited by:
    1. Kim, Kwanghyun & Slocum Jr., John W., 2008. "Individual differences and expatriate assignment effectiveness: The case of U.S.-based Korean expatriates," Journal of World Business, Elsevier, vol. 43(1), pages 109-126, January.
    2. Sonia Ketkar & Zoltan Acs, 2013. "Where Angels Fear to Tread: Internationalization of Emerging Country SMEs," Journal of International Entrepreneurship, Springer, vol. 11(3), pages 201-219, September.
    3. Jones, Marian V. & Coviello, Nicole & Tang, Yee Kwan, 2011. "International Entrepreneurship research (1989–2009): A domain ontology and thematic analysis," Journal of Business Venturing, Elsevier, vol. 26(6), pages 632-659.
    4. Anca Maria Stanculescu & Liliana Grigore & Andreea Mihaela Gagea & Bogdan Georgescu, 2010. "The Born Global Model For Romanian Small And Medium Enterprises Internationalization," JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA, Babes-Bolyai University, Faculty of Business.

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