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

Loane, Sharon, Bell, James and Cunningham, Isobel (2013) Entrepreneurial founding team exits in rapidly internationalizing SMEs: A double edged sword. International Business Review, online . [Journal article]

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URL: http://www.sciencedirect.com/science/article/pii/S096959311300156X

DOI: http://dx.doi.org/10.1016/j.ibusrev.2013.11.006

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

Item Type:Journal article
Keywords:Entrepreneurial founding teams; Team exits; Rapid internationalisation; RBV; KBV; Resource redeployment
Faculties and Schools:Ulster Business School > Department of International Business
Ulster Business School
Research Institutes and Groups:Business and Management Research Institute
ID Code:28282
Deposited By: Dr Sharon Loane
Deposited On:17 Dec 2013 09:15
Last Modified:17 Dec 2013 09:15

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