Entrepreneurial Aspiration and Flexibility of Small and Medium-Sized Firms

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Entrepreneurial Aspiration and Flexibility of Small and Medium-Sized Firms

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dc.contributor.author Cao, Yangfeng
dc.contributor.author Ping Li, Peter
dc.contributor.author Skat-Rørdam, Peter
dc.date.accessioned 2013-04-15
dc.date.accessioned 2013-04-15T11:54:24Z
dc.date.available 2013-04-15T11:54:24Z
dc.date.issued 2013-04-15
dc.identifier.uri http://hdl.handle.net/10398/8679
dc.description.abstract Primarily due to the large gaps in economic and institutional contexts between the developed and emerging markets, business model innovation (BMI) at the subsidiary level plays an important role for the success of small and mediumsized firms (SMEs) from the developed markets operating in the emerging markets as top-down venture. While some studies claim that the direct involvement of headquarters (HQ) of SMEs in the activities of their subsidiaries is essential, surprisingly little is known about how HQ specifically facilitates BMI at the subsidiary level, especially in the context of top-down venture. Adopting the method of comparative and longitudinal case study, we tracked the BMI process of six SMEs from Denmark operating in China. The emergent framework indicates that entrepreneurial aspiration and flexibility at the HQ level 2 Asia Research Centre, CBS, Copenhagen Discussion Paper 2013-42 are two primary facilitators of BMI at the subsidiary level via the mechanisms of commitment and cooperation. We also found that BMI performance would influence the two facilitators in a feedback loop. Hence, we can contribute to the literatures on international entrepreneurship and strategic entrepreneurship by integrating the two previously separated research streams via their shared theme of accelerated learning. In particular, this study helps solve the puzzle concerning fast and successful international venture. en_US
dc.format.extent 56 en_US
dc.language eng en_US
dc.relation.ispartofseries Copenhagen Discussion Papers;42
dc.subject.other Business Model Innovation en_US
dc.subject.other International Strategic en_US
dc.subject.other Entrepreneurship en_US
dc.subject.other Headquarters-Subsidiary Link en_US
dc.subject.other Aspiration en_US
dc.subject.other Flexibility en_US
dc.subject.other Emerging Markets en_US
dc.title Entrepreneurial Aspiration and Flexibility of Small and Medium-Sized Firms en_US
dc.type wp en_US
dc.accessionstatus modt13apr15 lbjl en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Asia Research Centre en_US
dc.contributor.departmentshort ARC en_US
dc.contributor.departmentuk Asia Research Centre en_US
dc.contributor.departmentukshort ARC en_US
dc.publisher.city Frederiksberg en_US
dc.publisher.year 2013 en_US
dc.title.subtitle How Headquarters Facilitate Business Model Innovation at the Subsidiary Level en_US


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