The dynamics of experiential learning: Microprocesses and adaptation in a professional service INV |
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Authors: | Thorsten Bunz Lucrezia Casulli Marian V Jones Andreas Bausch |
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Affiliation: | 1. Strategic and International Management, Justus Liebig University, Licher Strasse 62, 35394 Giessen, Germany;2. Hunter Centre for Entrepreneurship, University of Strathclyde Business School, 199 Cathedral Street, Glasgow, G4 0QU, Scotland, UK;3. International Enterprise, Sheffield University Management School, Conduit Road, Sheffield, S10 1FL, England, UK |
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Abstract: | In international new ventures (INVs), experiential learning happens in quick succession and across a wide number of diverse contexts. Yet, we lack an empirical understanding of the microprocesses through which INVs learn and adapt in their foreign expansion. Understanding those microprocesses is important because timely adaptation can save the venture time and resources, thus promoting sustainable growth. In this study, we investigate the dynamics of experiential learning and adaptation in the internationalisation process of an INV in the professional service sector. Findings from our study illustrate that the firm applies deliberate experiential learning by developing, revising, and finalising criteria for important dimensions in the international growth process, and adapts its internationalisation practices accordingly. We further show that deliberate experiential learning is predicated on an actively and closely monitored learning process, involving critical evaluation, adjustment of criteria, and acceptance of affordable mistakes, as opposed to learning by default. |
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Keywords: | International new venture Experiential learning Internationalization process Professional service firm Human capital Dynamic capabilities |
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