International Business Studies

Question: Discuss about the International Business Studies. Answer: The central theme of the article is innovation, knowledge and capabilities that highlights about the strategy and performance of the firm. The article examines the born-international firms that acts as early adopters of internationalization. The role of innovative culture as well as organizational capabilities is explored in this article. The observable facts related to early internationalization are also investigated along with the importance of numerous major organizational capabilities. The critical linkages among entrepreneurial orientation are also discussed that acts as major organizational capabilities in born-international global success. The article highlights that the distinguishing feature of most of the firms is their global origin that are illustrated by the global focus of the management. It also highlights the early adoption of internalization under the external global business is mostly driven by two major trends that have substantially decreased the costs of transaction of foreign market development. The major function of the internal capabilities of the firm is the capability to internationalize early and become successful in foreign markets. The article provides an overview about the fact that innovation takes place from two key sources that includes internal RD as well as simulation of the innovation of other firms. RD mostly supports the opening of new markets as well as reinvention of the functions of firms. The outcome of the managerial knowledge of the firm is their superior performance. Larger conventional firms mostly experience considerable bureaucratization that obstructs their ground-breaking acti vities. However, a negligible work has been attempted on the widespread emergence of born global (Coviello 2015). A holistic outlook of the firm is also recommended by the RBV under which the synchronized exploitation of resources and abilities provides the groundwork in order to create and market commodities. The article proposes that born global are greatly innovative organizations whose ownership of the foundational abilities of global entrepreneurial orientation and global marketing orientation provoke the expansion of a precise collection of managerial strategies. The aim of the author is to illustrate an evolutionary economics structure that illustrates strongly innovative characteristics of born-global firms. This in turn supports trade in developing a particular type of knowledge that leads to organizational development. The resource-based viewpoint highlights that the primary resources of the firm are imperative in different business environments as they offer steady basis for strategy development (Hagen and Zucchella 2014). The approach that is used for this research is mostly quantitative because; the respondent firms that illustrate a range of industries that produces several products such as medical devices and treatment of waste water. According to the research that has been conducted, the firm has 190 workers that generated more than $32 million in overall sales. It also shows that overseas customers accounts for more than 41 percent of total sales where the firms targets an average of 20 countries at the median. The author conducted an exploratory factor breakdown that is used to identify and eradicate potentially difficult items. The objective is to link innovation to the observable fact of early adoption of internationalization. However, the qualitative test of the study highlights the fact that entrepreneurs who pursue foreign ventures mostly forms born global (Knight and Cavusgil 2004). In order to provide an empirical support for the conceptual framework that is planned, the author also carried out a cross-industry field survey in order to gather primary data. A outline questionnaire was also circulated among four global trade scholars. They in turn provided commentary that led to additional modification of the instrument. The scale for global entrepreneurial orientation was based on the scale devised by the author. The article clearly states that born globals are able to develop due to leveraging quality and technical brilliance. The findings in the article are constant with the research in Australia. The writing style suits the intended audience as it written by an expert author. The author clearly stated about innovation and knowledge that acts as the central theme for the article. In the next section, the author clearly states about conceptual foundations that provides an ability to internationalize and become successful in foreign cost. The several empirical studies on the effects of the size of the firm are also demonstrated clearly. The delineation of major capabilities and linkages are also performed by the author where an in-depth interview has been conducted by taking 33 professionals into account (Gabrielsson et al., 2008). The topic sentence that is used to highlight supportive arguments is organizational routines and administrative heritage. As opined by an author the major dimension of born-global firms is they emerge to lack the extremely rooted managerial heritage. In older firms, entrenched structure tends to limit strategic choice. Earlier born globals tends toward a background and planned approaches considerably more suitable for opening in overseas markets. On the other hand, it has been argued that well-established firms have systemized routines that are expensive to alter and restrict the ability of the firm to innovate. In summary, this article provides imperative research about several contributions that includes investigation of phenomenon of early internationalization among an exclusive breed of global organization. The article also highlights about the importance of several major organizational capabilities. It illustrates the fact that globalization is linked with rising homogenization of purchaser preferences around the world. Exploratory case studies or hypothesis is mostly required to carry out a further research or discussion in the field. The exploratory case study examines several observable fact that is characterized by a lack of comprehensive initial research. It mostly involves a qualitative research that includes a case study. This is likely to provide an in-depth understanding about born-global firms by conducting interviews with managers of trades in Denmark and USA. It is then required to compare the born globals of the US and Danish in order to elucidate major divergences. References Coviello, N., 2015. Re-thinking research on born globals.Journal of International Business Studies,46(1), pp.17-26. Economist.com .2017.,[online] Available at: https://www.economist.com/news/briefing/21715653-biggest-business-idea-past-three-decades-deep-trouble-retreat-global [Accessed 24 Mar. 2017]. Gabrielsson, M., Kirpalani, V., Dimitratos, P., Solberg, C. and Zucchella, A. (2008). Born globals: Propositions to help advance the theory.International Business Review, 17(4), pp.385-401. Hagen, B. and Zucchella, A., 2014. Born global or born to run? The long-term growth of born global firms.Management International Review,54(4), pp.497-525. Knight, G.A. and Cavusgil, S.T., 2004. Innovation, organizational capabilities, and the born-global firm.Journal of international business studies,35(2), pp.124-141.