IDEAS home Printed from https://ideas.repec.org/a/ids/ijeima/v8y2008i3p233-253.html
   My bibliography  Save this article

Globalisation of internal venture capital opportunities in developing small and medium enterprises' relationships

Author

Listed:
  • Timothy Kiessling
  • Michael Harvey

Abstract

The global market has an impact on almost all Small and Medium Enterprises (SMEs), but the high-technology industry appears to be most affected by the changes coming about due to globalisation. The industry is confronted with shorter product life cycles, blurring of industry boundaries and not knowing your competition in the face of nearly impossible sustainable competitive advantage. High-tech SMEs are now turning towards strategic alliances and the networks of these alliances to compete effectively. This paper views the importance of the network of alliances from a dynamic capabilities perspective, which builds on the Resource-Based View (RBV) of the SME. We explore the development of strong-form trust to maintain and facilitate the advantages of the network members. The use of internal venture capital is suggested to be a superior strategy to develop a network with an inherent strong-form trust. The steps in which the internal venture capitalist may be involved for this trust development is outlined: appropriate identification, funding, network inclusion, Top Management Team (TMT) inclusion and communication.

Suggested Citation

  • Timothy Kiessling & Michael Harvey, 2008. "Globalisation of internal venture capital opportunities in developing small and medium enterprises' relationships," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 8(3), pages 233-253.
    • Handle: RePEc:ids:ijeima:v:8:y:2008:i:3:p:233-253
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=19528
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Salar Gholizadeh & Reza Mohammadkazemi, 2022. "International entrepreneurial opportunity: A systematic review, meta-synthesis, and future research agenda," Journal of International Entrepreneurship, Springer, vol. 20(2), pages 218-254, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijeima:v:8:y:2008:i:3:p:233-253. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=7 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.