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

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.
- 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
- 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