What Technology Startups Must Get Right to Globalize Early and Rapidly
Upon or shortly after inception, growth-oriented technology startups must operate in a market that is global. Management teams and investors of technology startups can benefit from approaches and models that can help them operate in a global market early and rapidly. How well a technology startup ad...
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| Format: | Article |
| Language: | English |
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Carleton University
2012-10-01
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| Series: | Technology Innovation Management Review |
| Subjects: | |
| Online Access: | http://timreview.ca/sites/default/files/article_PDF/Bailetti_TIMReview_October2012.pdf |
| _version_ | 1828949179564556288 |
|---|---|
| author | Tony Bailetti |
| author_facet | Tony Bailetti |
| author_sort | Tony Bailetti |
| collection | DOAJ |
| description | Upon or shortly after inception, growth-oriented technology startups must operate in a market that is global. Management teams and investors of technology startups can benefit from approaches and models that can help them operate in a global market early and rapidly. How well a technology startup addresses the realities of globalization will determine its success. A better understanding of what management teams and investors of technology startups must get right to globalize their startups is needed. This article is an attempt to meet this need. In this article, lessons that have been extracted from six literature streams and from information on 21 startups founded in 12 countries are used to identify the six elements that a startup must get right to globalize early and rapidly. These six elements are: i) Problem scope, ii) Stakeholders’ commitments, iii) Collaborative entrepreneurship, iv) Relational capital, v) Legitimacy, and vi) Global capability. The main contribution of this article is that it throws the spotlight on the need to develop prescriptive rules and practitioner-oriented models that can help a technology startup operate globally from an early stage. |
| first_indexed | 2024-12-14T06:02:17Z |
| format | Article |
| id | doaj.art-5bb9917b9b154042b3ac83c9af5bbb86 |
| institution | Directory Open Access Journal |
| issn | 1927-0321 |
| language | English |
| last_indexed | 2024-12-14T06:02:17Z |
| publishDate | 2012-10-01 |
| publisher | Carleton University |
| record_format | Article |
| series | Technology Innovation Management Review |
| spelling | doaj.art-5bb9917b9b154042b3ac83c9af5bbb862022-12-21T23:14:24ZengCarleton UniversityTechnology Innovation Management Review1927-03212012-10-01October 2012: Born Global516What Technology Startups Must Get Right to Globalize Early and RapidlyTony BailettiUpon or shortly after inception, growth-oriented technology startups must operate in a market that is global. Management teams and investors of technology startups can benefit from approaches and models that can help them operate in a global market early and rapidly. How well a technology startup addresses the realities of globalization will determine its success. A better understanding of what management teams and investors of technology startups must get right to globalize their startups is needed. This article is an attempt to meet this need. In this article, lessons that have been extracted from six literature streams and from information on 21 startups founded in 12 countries are used to identify the six elements that a startup must get right to globalize early and rapidly. These six elements are: i) Problem scope, ii) Stakeholders’ commitments, iii) Collaborative entrepreneurship, iv) Relational capital, v) Legitimacy, and vi) Global capability. The main contribution of this article is that it throws the spotlight on the need to develop prescriptive rules and practitioner-oriented models that can help a technology startup operate globally from an early stage.http://timreview.ca/sites/default/files/article_PDF/Bailetti_TIMReview_October2012.pdf born globaleffectuation logicentrepreneursentrepreneurshipglobal startupsglobalizationgradual internationalizationinternalizationinternational new venturesinternationalizationmultinationalrapid internationalizationstartups |
| spellingShingle | Tony Bailetti What Technology Startups Must Get Right to Globalize Early and Rapidly Technology Innovation Management Review born global effectuation logic entrepreneurs entrepreneurship global startups globalization gradual internationalization internalization international new ventures internationalization multinational rapid internationalization startups |
| title | What Technology Startups Must Get Right to Globalize Early and Rapidly |
| title_full | What Technology Startups Must Get Right to Globalize Early and Rapidly |
| title_fullStr | What Technology Startups Must Get Right to Globalize Early and Rapidly |
| title_full_unstemmed | What Technology Startups Must Get Right to Globalize Early and Rapidly |
| title_short | What Technology Startups Must Get Right to Globalize Early and Rapidly |
| title_sort | what technology startups must get right to globalize early and rapidly |
| topic | born global effectuation logic entrepreneurs entrepreneurship global startups globalization gradual internationalization internalization international new ventures internationalization multinational rapid internationalization startups |
| url | http://timreview.ca/sites/default/files/article_PDF/Bailetti_TIMReview_October2012.pdf |
| work_keys_str_mv | AT tonybailetti whattechnologystartupsmustgetrighttoglobalizeearlyandrapidly |