A1 Refereed original research article in a scientific journal
Do technology-focused fast internationalizers' performance measures change as they mature?
Authors: Freeman Susan, Vissak Tiia, Nummela Niina, Trudgen Ryan
Publisher: Elsevier (Commercial Publisher)
Publication year: 2023
Journal: International Business Review
eISSN: 1873-6149
DOI: https://doi.org/10.1016/j.ibusrev.2023.102168
Web address : https://doi.org/10.1016/j.ibusrev.2023.102168
Self-archived copy’s web address: https://research.utu.fi/converis/portal/detail/Publication/180020715
We examine how technology-focused innovation-based fast internationalizers’ (TIFIs’) performance measures change as they mature. Based on 42 interviews with Australian entrepreneurs and industry experts, we show that young TIFIs employ exploratory strategies for developing cutting-edge solutions and prefer using subjective measures for assessing their export performance. Later, becoming more complex organizations, employing exploitative strategies, they use additional objective, profit-based measures. The implications of destructive forces (e.g., COVID-19) to the performance of these firms were modest. Due to being digitally-based industry disruptors, they remain focused on innovation as the source of their independence and survival. Their creativity drives constant change/disruption to industries, requiring back-and-forth movement among exploratory and exploitative strategies, integrating subjective and objective performance measure simultaneously, as their new-to-the-world solutions are developed to withhold ‘creative destruction’ over time.
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