An exploratory study of Canadian international new venture firms' development in overseas markets

Spence, M. and Crick, D. (2009) An exploratory study of Canadian international new venture firms' development in overseas markets. Qualitative Market Research, 12 (2). pp. 208-233. ISSN 13522752 (ISSN)

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Abstract

Purpose: In the past decade, research on rapidly internationalizing firms, commonly referred to as "international new ventures" (INVs), has mainly focused on their inception phase and relatively little is known of what becomes of these firms after this period in respect of their international marketing strategies. The purpose of this paper is therefore to gain insights into how management teams within small INVs assess international opportunities and develop appropriate international marketing strategies. Design/methodology/approach: The approach employed involves interviews with key respondents in five small, independently owned firms that have a significant percentage of turnover overseas. Findings: The paper identifies that specific types of knowledge are related to growth strategies as are perceptions of market potential and the management team's vision. Practical implications: The results of this study provide further understanding of patterns of internationalization and more specifically that foreign market knowledge can be acquired in various ways and allows firms to become more highly committed to some remote markets much earlier than previously anticipated. This understanding could help policy-makers to provide more targeted and relevant support to INVs. Originality/value: Both planned and unplanned activities are evident in the research suggesting international marketing growth is not as strategically planned as a good deal of earlier research suggests. © Emerald Group Publishing Limited.

Item Type: Article
Uncontrolled Keywords: Canada, International business
Subjects: L100 Economics
N300 Finance
Divisions: UoA Collections > UoA19: Business and Management Studies
Faculty of Business, Law and Social Sciences > Birmingham City Business School > Dept. Strategy, Marketing and Economics
Depositing User: Yasser Nawaz
Date Deposited: 10 Feb 2017 15:34
Last Modified: 10 Feb 2017 15:34
URI: http://www.open-access.bcu.ac.uk/id/eprint/2494

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