Value creation during different development stages: What changes when an entrepreneurial firm transforms into a multinational corporation?
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2016-01-01
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Palgrave Macmillan Springer
Resumen
In this chapter, we report on transformations of an entrepreneurial firm during its internationalisation. We propose the use of a prediction/control framework to explain how an entrepreneurial firm gradually changes into a multinational corporation. During the processes of expansion the firm deploys different behaviours that indicate shifting mindsets from approaches that can be characterised as entrepreneurial to behaviours considered as managerial. Following a firm’s development from inception to its end as independent entity we discuss how the cross-roads between Entrepreneurship and International Business disciplines might create synergies beyond their own confines by establishing International Entrepreneurship as a meaningful field of study. © 2017 The Editor(s) (if applicable) and the Author(s).