Knowledge combination in networks: evidence from the international venturing of four small biotech firms |
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Authors: | Daniel Tolstoy |
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Institution: | (1) Department of Marketing and Strategy, Stockholm School of Economics, PO Box 6501, SE-113 83 Stockholm, Sweden |
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Abstract: | Although international forms of venturing are critical for the sustained economic growth of small firms, this phenomenon remains
surprisingly unexplored in international small business research. This study aims to contribute to this field by shedding
light on the underlying factors of the international venturing of these firms. In this endeavor, the study rests on the assumption
that knowledge combination in networks is a critical requisite for seizing business opportunities in foreign markets. Hence,
the specific purpose of this study is to investigate how knowledge combination in networks underlies the international venturing
of four small biotech firms. The findings demonstrate that international venturings are strongly shaped by proactive strategies
of identifying and implementing knowledge combinations that span across internationally dispersed network relationships. The
findings also reveal that different strategies of knowledge combination in networks are pursued depending on the nature of
the venture (namely, international product ventures and international market ventures). |
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