Opportunity Identification and Creation as Factors of Firm Internationalisation

Objective: This paper aims to establish if, why and how, in given institutional and industry contexts, the identification and/or creation and exploitation of opportunity may result in a higher intensity of internationalisation processes in firms. Research Design & Methods: The study is based o...

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Main Author: Agnieszka Żur
Format: Article
Language:English
Published: Cracow University of Economics 2015-06-01
Series:Entrepreneurial Business and Economics Review
Subjects:
Online Access:https://eber.uek.krakow.pl/index.php/eber/article/view/79
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author Agnieszka Żur
author_facet Agnieszka Żur
author_sort Agnieszka Żur
collection DOAJ
description Objective: This paper aims to establish if, why and how, in given institutional and industry contexts, the identification and/or creation and exploitation of opportunity may result in a higher intensity of internationalisation processes in firms. Research Design & Methods: The study is based on literature review. It synthesizes fragmented pieces of research on international entrepreneurship, mainstream entrepreneurship and entrepreneurial learning theory. In-depth comparative literature studies focus on sources, forms and features of opportunities, as well as the role of both Schumpeterian and Kirznerian opportunities in internationalisation activities of firms. Findings: Findings bring together state-of-the-art research and extends it by providing a deeper understanding of the feed-back effect of entrepreneurial learning as well as highlighting the progressive nature of opportunity space in the proposed model. Implications & Recommendations: Expanding firm’s operations can be a first step towards a self-reinforcing loop relationship, tying prior experience to future behaviour and moving the entrepreneur to higher levels of international awareness and accuracy in opportunity identification. Contribution & Value Added: The article presents an integrated process-based view of opportunity antecedents and concludes with a dynamic cyclical path-dependent model of opportunity-based view of firm internationalisation. Hopefully, the proposed model can serve as a useful lens for hypotheses formulation and testing within the research on firm internationalisation determinants.
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publisher Cracow University of Economics
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series Entrepreneurial Business and Economics Review
spelling doaj-art-e2b4839aa2694019a608c7d4cd2f7e102025-08-20T03:51:58ZengCracow University of EconomicsEntrepreneurial Business and Economics Review2353-88212015-06-013210.15678/EBER.2015.03020374Opportunity Identification and Creation as Factors of Firm InternationalisationAgnieszka Żur0Cracow University of Economics Objective: This paper aims to establish if, why and how, in given institutional and industry contexts, the identification and/or creation and exploitation of opportunity may result in a higher intensity of internationalisation processes in firms. Research Design & Methods: The study is based on literature review. It synthesizes fragmented pieces of research on international entrepreneurship, mainstream entrepreneurship and entrepreneurial learning theory. In-depth comparative literature studies focus on sources, forms and features of opportunities, as well as the role of both Schumpeterian and Kirznerian opportunities in internationalisation activities of firms. Findings: Findings bring together state-of-the-art research and extends it by providing a deeper understanding of the feed-back effect of entrepreneurial learning as well as highlighting the progressive nature of opportunity space in the proposed model. Implications & Recommendations: Expanding firm’s operations can be a first step towards a self-reinforcing loop relationship, tying prior experience to future behaviour and moving the entrepreneur to higher levels of international awareness and accuracy in opportunity identification. Contribution & Value Added: The article presents an integrated process-based view of opportunity antecedents and concludes with a dynamic cyclical path-dependent model of opportunity-based view of firm internationalisation. Hopefully, the proposed model can serve as a useful lens for hypotheses formulation and testing within the research on firm internationalisation determinants. https://eber.uek.krakow.pl/index.php/eber/article/view/79opportunity identificationopportunity recognitionopportunity creationinternational entrepreneurshipinternationalisation
spellingShingle Agnieszka Żur
Opportunity Identification and Creation as Factors of Firm Internationalisation
Entrepreneurial Business and Economics Review
opportunity identification
opportunity recognition
opportunity creation
international entrepreneurship
internationalisation
title Opportunity Identification and Creation as Factors of Firm Internationalisation
title_full Opportunity Identification and Creation as Factors of Firm Internationalisation
title_fullStr Opportunity Identification and Creation as Factors of Firm Internationalisation
title_full_unstemmed Opportunity Identification and Creation as Factors of Firm Internationalisation
title_short Opportunity Identification and Creation as Factors of Firm Internationalisation
title_sort opportunity identification and creation as factors of firm internationalisation
topic opportunity identification
opportunity recognition
opportunity creation
international entrepreneurship
internationalisation
url https://eber.uek.krakow.pl/index.php/eber/article/view/79
work_keys_str_mv AT agnieszkazur opportunityidentificationandcreationasfactorsoffirminternationalisation