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- Laurell, Hélène, 1970-, et al.
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The importance of industry context for new venture internationalisation: A case study from the life sciences
- 2013
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In: Journal of International Entrepreneurship. - New York : Springer-Verlag New York. - 1570-7385 .- 1573-7349. ; 11:4, s. 297-319
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Journal article (peer-reviewed)abstract
- During internationalisation, international new ventures in the life sciences industry face distinct challenges. For example, high product development costs push companies into early internationalisation to increase sales turnover and recover investments. At the same time, financial and managerial resource limitations and the demand to adjust to local regulations render internationalisation difficult. To date, relatively little is known about how different industry contexts influence new venture internationalisation processes. This paper presents an in-depth case study of the internationalisation process of a Swedish new venture from the life sciences industry to fill this gap. The findings outline factors in the industry context that affect the internationalisation process, with specific emphasis on entrepreneurs and their networks, leading to several propositions and a model of life sciences new venture internationalisation.
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- Laurell, Hélène, 1970-, et al.
(author)
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The role of networks during different epochs of the early internationalization journey in a medical technology firm
- 2010
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Conference paper (peer-reviewed)abstract
- The importance of different types (i.e. both social and economic) of networks for the internationalization of new ventures is increasingly acknowledged in academic research (e.g. Coviello, 2006). Despite this increasing attention, few studies have in detail studied the role of networks and the link between networks and internationalization journeys over time (cf. Slotte-KockandCoviello, 2010). Instead, a rather descriptive, snap-shot approach to studying networks is still common. In addition, network dynamics are likely to be different in different industries. For life-science industries such as medical-technology Stremersch and Van Dyck (2009) demand that due to the specific industry characteristics new concepts would be needed to adequately understand the dynamics of this industry.In this paper, we attempt to contribute to filling gaps in current research by reconstructing the emergence and following the development of the network ties of an international new venture during different critical epochs of its internationalization journey. We present an in-depth case study of a Swedish SME from the medical-technology industry and the development of its network relations over time. By providing a detailed account of this development, we hope to improve the understanding of how different network constellations are related to the internationalization process over time.
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