A Theoretical Model for International Entrepreneurship

Abstract

Entrepreneurship calls for two perspectives, which have been frequently evoked in the previous chapters: the individual (Entrepreneur) and the organizational (Entrepreneurial organization) one. The perspectives of resources and capabilities and the more recent related view of dynamic capabilities permit to reconcile the two dimensions. The entrepreneur/s and the top management team are a key resource, and can develop routines and capabilities in the entire organization by supporting organizational learning. The entrepreneurial organization is capable of coping with highly turbulent environments and of exploring and exploiting opportunities over time, by renewing not only their products, processes and markets, but by radically reconfiguring capabilities, when needed. This perspective is coherent with a behavioural and process view of entrepreneurship.