The Phenomenon of International New Ventures: A Review

Abstract

This paper reviews the literature on internationalization process of international new ventures (or born global firms) which internationalize its operations much early in their journey, and in some cases right from inception. Internationalization behaviors of these firms do not match with the explanation of internationalization processes, explained by traditional internationalization theories. These firms internationalize at a much accelerated rate compared to internationalization pace of large firms. This paper discusses the factors which influences internationalization of these firms. A framework highlighting the relationship between the important factors and the dimensions of internationalization of international new ventures is also discussed.