International New Ventures

Abstract

There is growing research interest in firms that engage in international business (IB) very early in their histories. We consider these international new ventures (INVs) as research-worthy entities in their own right, and as providing extreme examples of internationalization that have the potential to yield deeper insights into the IB strategies of a much broader collection of firms, including the traditional multinational enterprise (MNE). In this chapter, we review the development of the literature on INVs, discuss how INV research can inform our understanding of IB strategy more generally, and suggest areas in which research into INVs can be developed and enhanced.