The Globalization of Innovation and Entrepreneurial Talent

Wuebker, Robert; Ács, Zoltán J.; Florida, Richard

doi:10.1007/978-1-4419-1191-9_17

Cited by 7 publications

(2 citation statements)

References 164 publications

(212 reference statements)

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“…Ben Keneally, Better Place Australia An increasing number of new business ventures with market making as their core value proposal are aiming to establish innovative business ideas at multiple locations in the global marketplace (Wuebker et al 2010). The literature on new business ventures defines market makers as business ventures that create market opportunities or discover market inadequacies by framing market exchange opportunities differently from how incumbent firms do.…”

Section: Introductionmentioning

confidence: 99%

Creating legitimacy across international contexts: The role of storytelling for international new ventures

Andersen

Rask

2014

J Int Entrep

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This paper considers the legitimacy-creating efforts of Better Place, an international new venture (INV) providing infrastructure services linking electrical vehicles and power grid networks. We analyze the debate on Better Place's attempts to communicate its business idea to constituents in Denmark, Israel, Canada, and Australia using expert interviews as well as content analysis of newspaper articles and other secondary sources. Storytelling, which is found to be central to the legitimacy-creating efforts of international business ventures, interacts with existing discourses in the diverse contexts in which it occurs. Furthermore, our study demonstrates how constituents pick up specific J Int Entrep Summary highlightsContributions: Although research into the impact of institutions on international business is a topical research area, legitimacy-creating efforts in various institutional contexts have not been discussed in any great detail in the INV literature. We believe that this paper will close a gap in our current knowledge of INV launch and development.Research questions/purpose: How do national institutional contexts influence the storytelling efforts of new business ventures seeking to legitimate novel market offerings? We study the nationwide launch and storytelling efforts of an INV to better understand the interplay between the creation of business model legitimacy and institutional context. Results/findings: Our analysis of the Better Place case suggests that: (a) storytelling is a key part of the legitimacy-creating efforts of international new ventures and (b) storytelling must be adapted to the existing discourses in the contexts in which it is applied. Theoretical implications and recommendations: First, we have contributed conceptually by framing the issue of legitimacy creation through storytelling as a relevant subject of INV research. Second, we have advanced the field methodologically by grounding our research approach in a contextualist perspective and treating storytelling as a systemic impact of institutional contexts. Third, we have contributed empirically by providing insight into storytelling in a unique case of an INV and, not least, have advanced theoretical development by proposing co-narration as a useful concept for improving our understanding of how stories are adapted when INVs try to "talk their way" into legitimacy. Practical implications and recommendations: We think that these contributions are particularly relevant to managers. Increasing awareness and understanding of the configurational aspects of storytelling may increase managers' ability to create awareness and legitimacy among critical constituents in the market contexts they seek to enter.

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Section: Introductionmentioning

confidence: 99%

Creating legitimacy across international contexts: The role of storytelling for international new ventures

Andersen

Rask

2014

J Int Entrep

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“…The concentration of students, researchers and entrepreneurs in large centres stimulates new technology development through simplified interaction, knowledge spillovers, diversification and other agglomeration effects (Bossetti, et al, 2015; Florida et al, 2017; Zemtsov & Kotsemir, 2019). Therefore, highly qualified entrepreneurs and innovators are some of the most significant resources in a new economy (Joo et al, 2013; Kerr, 2013; Moretti, 2012; Wuebker et al, 2010). However, the lagging regions are losing human capital and opportunities for their development (Liu & Shen, 2014a, 2014b).…”

Section: Introductionmentioning

confidence: 99%

Attracting highly skilled migrants to the Russian regions

Баринова

Rochhia

Земцов

2022

Regional Science Policy & Practice

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The study aims at identifying the role of traditional and new factors that contribute to attracting highly educated workers. We summarized the key literature facts and performed econometric analyses on previously unused data on both internal and external migration with higher education in the Russian regions from 2008 to 2019. Our methodology differs from traditional models based on migration flows between destinations and focuses on characteristics of receiving regions. We showed that densely populated metropolitan areas with broader labour markets opportunities stimulate highly skilled mobility; higher income, new vacancies and housing availability are among significant traditional factors. However, migrants with higher education

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Geographic, Network, and Competitor Social Cues: Evidence from U.S. Venture Capitalists Internationalization Decisions

Vedula

Matusik

2017

Strategic Entrepreneurship

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Research summary: We examine how social cues drive strategic decision making under uncertainty, specifically in the context of U.S. VC firms' first internationalization decisions. We compare the relative impacts of cues from: (a) geographically proximal firms, (b) syndicate partners, and (c) VCs investing in the same industries as the focal firm. Over the 23-year period from 1990 to 2012, we find that cues from geographically proximal peers are important, while syndicate partner actions play a significant but smaller role in driving focal firm internationalization decisions. Analogous, firm-specific experience in the form of nonlocal (but domestic) investing attenuates the effect of geographically proximal peers. Our findings have important implications on how the nature of information from social cues affects imitation decisions.Managerial summary: The U.S. venture capital industry has globalized rapidly over the past two decades, but the decision to invest abroad is still a highly uncertain one, particularly for firms with no prior global experience. We examine the extent to which such initial internationalization decisions are driven by social cues, comparing the relative impacts of social cues from: (a) geographically proximal firms, (b) syndicate partners, and (c) VCs investing in the same industries as the focal firm. We find that the foreign investment decisions of geographically proximal peers have the strongest impact, while syndicate partner actions play a smaller role. The impacts of geographically proximal peers are also weaker for firms that have analogous experience, in the form of nonlocal (but domestic) investing.

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The Globalization of Innovation and Entrepreneurial Talent

Cited by 7 publications

References 164 publications

Creating legitimacy across international contexts: The role of storytelling for international new ventures

Creating legitimacy across international contexts: The role of storytelling for international new ventures

Attracting highly skilled migrants to the Russian regions

Geographic, Network, and Competitor Social Cues: Evidence from U.S. Venture Capitalists Internationalization Decisions

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