International Entrepreneurship (IE) is distinguished through elements of behavioural traits that drive entrepreneurial actions towards foreign markets. International Entrepreneurship Orientation (IEO) describes the entrepreneurial culture of internationally active firms, with five main dimensions being prominent in the literature; innovativeness, risk-taking, proactiveness, autonomy, and competitive aggressiveness.
It is widely accepted that international activity is a key component of entrepreneurship, since many entrepreneurs perceive international opportunity from inception of their new business venture. Meanwhile, cultural factors have always been regarded a valuable medium for explaining entrepreneurship and internationalisation models. It determines the attitudes of individuals and firms to initiate entrepreneurial activity.
Over the years, scholars have endeavoured to shed light on the motivations and trends of internationalisation, and why some firms have more international activities than others. They cite cultural differences of firms as a major driver of international entrepreneurial behaviour.
In this course the group of students will critically assess the role of culture in international entrepreneurship and the resulting impacts on the internationalisation of multinational firms, through evaluating the relationships between national culture, International Entrepreneurship Orientation (IEO), and international business activities.
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