Entrepreneurial founding team exits in rapidly internationalizing SMEs: A double edged sword.

Sharon Loane, James Bell, Isobel Cunningham

Research output: Contribution to journalArticle

6 Citations (Scopus)

Abstract

Entrepreneurial founding teams (EFTs) are often essential to new venture creation and successful internationalisation. Although the composition of EFTs has been the subject of enquiry, little research exists into the exit of team members and the consequences for rapid internationalisation. We focus on EFT exits in rapidly internationalising small firms and develop categories of EFT exits. We explore the motivations and subsequent impact on internationalisation of case firms to illustrate each category/type of EFT exit. We find that exits are prevalent in the early stages of ventures, and may be either consensual or non-consensual. There are a number of motivations evident and EFT exits are often critical to continued internationalisation. We offer that EFT exits are not always negative, they can allow for the appropriate deployment of resources, extending RBV/KBV as whilst much research effort has been devoted to establishing what new resources/knowledge should flow into a firm, we show that to shed an EFT member and redeploy resources/knowledge can act as a catalyst to further internationalisation. Finally we discuss research, managerial and policy implications.KeywordsEntrepreneurial founding teams; Team exits; Rapid internationalisation; RBV; KBV; Resource redeployment
LanguageEnglish
JournalInternational Business Review
Volumeonline
DOIs
Publication statusPublished - 12 Dec 2013

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Small and medium-sized enterprises
Exit
Internationalization
Resources
Small firms
Knowledge resources
Venture
Policy implications
New venture creation
Catalyst
Knowledge flow

Keywords

  • Entrepreneurial founding teams
  • Team exits
  • Rapid internationalisation
  • RBV
  • KBV
  • Resource redeployment

Cite this

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Entrepreneurial founding team exits in rapidly internationalizing SMEs: A double edged sword. / Loane, Sharon; Bell, James; Cunningham, Isobel.

Vol. online, 12.12.2013.

Research output: Contribution to journalArticle

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AU - Loane, Sharon

AU - Bell, James

AU - Cunningham, Isobel

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AB - Entrepreneurial founding teams (EFTs) are often essential to new venture creation and successful internationalisation. Although the composition of EFTs has been the subject of enquiry, little research exists into the exit of team members and the consequences for rapid internationalisation. We focus on EFT exits in rapidly internationalising small firms and develop categories of EFT exits. We explore the motivations and subsequent impact on internationalisation of case firms to illustrate each category/type of EFT exit. We find that exits are prevalent in the early stages of ventures, and may be either consensual or non-consensual. There are a number of motivations evident and EFT exits are often critical to continued internationalisation. We offer that EFT exits are not always negative, they can allow for the appropriate deployment of resources, extending RBV/KBV as whilst much research effort has been devoted to establishing what new resources/knowledge should flow into a firm, we show that to shed an EFT member and redeploy resources/knowledge can act as a catalyst to further internationalisation. Finally we discuss research, managerial and policy implications.KeywordsEntrepreneurial founding teams; Team exits; Rapid internationalisation; RBV; KBV; Resource redeployment

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