Framework

Four elements of an international new venture

The question it answers

What does a founder need in place for a start-up that sells abroad from day one to survive as an international new venture?

Origin
Oviatt and McDougall, 1994
Diagram type
Hub diagram
Level of analysis
Firm
Rocket lifting off from a glass light bulb, icon for entrepreneurship and innovation

Diagram

Four elements of an international new venture

INV
Internalisation of transactions
Alternative governance structures
Foreign location advantage
Unique resources

Sources

References

Listed A–Z by author surname, Harvard style. A source with a DOI links to https://doi.org/…; one without links to its page or says plainly that it has no DOI.

  1. McDougall, P.P., Shane, S. and Oviatt, B.M. (1994) ‘Explaining the formation of international new ventures: the limits of theories from international business research’, Journal of Business Venturing, 9(6), pp. 469–487.doi:10.1016/0883-9026(94)90017-5Source page
  2. Oviatt, B.M. and McDougall, P.P. (1994) ‘Toward a theory of international new ventures’, Journal of International Business Studies, 25(1), pp. 45–64.doi:10.1057/palgrave.jibs.8490193Source page