Risks and critical success factors in the internationalization of born global startups of industry 4.0: A social, environmental, economic, and institutional analysis

Oliva, Fábio Lotti; Teberga, Pedro Marins Freire; Testi, Lucas Israel Oliveira; Kotabe, Masaaki; Giudice, Manlio Del; Kelle, Péter; Cunha, Miguel Piña e

doi:10.1016/j.techfore.2021.121346

Cited by 36 publications

(12 citation statements)

References 167 publications

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“…Risk-taking is highly correlated with international open innovation. Since risk-taking and reactiveness tend to fall on a spectrum, there are specific correlations that stand out as particularly important (Albahri et al, 2022;Oliva et al, 2022).…”

Section: Mediating Role Of Open Innovationmentioning

confidence: 99%

The Influence of Crisis Management, Risk-Taking, and Innovation in Sustainability Practices: Empirical Evidence From Iraq

Zaidan

Khaw

Alnoor

2022

IJIKM

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Aim/Purpose: This study examines the impact of decision-making, crisis management, and decision-making on sustainability through the mediation of open innovation in the energy sector. Background: Public companies study high-performance practices, requiring overcoming basic obstacles such as financial crises that prevent the adoption and development of sustainability programs. Methodology: Due to the COVID-19 pandemic, which has led to the closure of businesses in Iraq, a survey was distributed. To facilitate responses, free consultations were offered to help complete the questionnaire quickly. Of the 435 questionnaires answered, 397 were used for further analysis. Contribution: The impact of crises that impede the energy sector from adopting sustainable environmental regulations is investigated in this study. Its identification of specific constraints to open innovation leads to the effectiveness of adopting environmentally friendly policies and reaching high levels of sustainable performance. Findings: The impacts of risk-taking, crisis management, and decision-making on sustainability have been explored. Results show that open innovation fully mediates the relationship between the factors of risk-taking, crisis management, decision-making, and sustainability. Recommendations for Practitioners: The proposed model can be used by practitioners to develop and improve sustainable innovation practices and achieve superior performance. Recommendation for Researchers: Researchers are recommended to conduct in-depth studies of the phenomenon based on theoretical and empirical foundations, especially in light of the relationship between crisis management, decision-making, and risk-taking and their impact on sustainability based on linear and non-compensatory relationships. Impact on Society: This study provides a reference for organizations with similar cultural backgrounds in adopting sustainable practices to minimize pollution in the Iraqi context. Future Research: A more in-depth study can be performed using a larger sample, which not only includes the energy industry but also other industries.

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Section: Mediating Role Of Open Innovationmentioning

confidence: 99%

The Influence of Crisis Management, Risk-Taking, and Innovation in Sustainability Practices: Empirical Evidence From Iraq

Zaidan

Khaw

Alnoor

2022

IJIKM

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“…One of them is the lack of digitalisation skills [30] and of trained staff [31], while another is the centralisation observed in the context of interoperability [1,32,33]. The volume of data and its real-time availability create new requirements in terms of technology, business management, and infrastructure [34][35][36]. In addition, a clear picture has not yet emerged of what is included in the concept of Industry 4.0 [37,38].…”

Section: State Of the Artmentioning

confidence: 99%

Industry 4.0 Case Study in Plastics Manufacturing: Bridging the Gap Between the Current State and Future Trends

Zioudas

Kourmpetis

Chamalidou

et al. 2022

Digital Manufacturing Technology

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The paper presents detailed research on bridging the gap between the theoretical and practical approach of Industry 4.0, considering a use case of the manufacturing company working in plastics production. In particular, we study an established Greek company in the textiles and plastics industry to present the current industry's technological status. Initially, we focus on the industrial process of a plastic manufacturing plant presenting the processes, methods, and equipment classification of such a factory. Subsequently, we focus on a novice method for developing or upgrading factories specializing in textiles and plastics and showcase its operational procedures. Lastly, after identifying the current state of affairs, we further expand on the key points that need change to develop the technological operations of an industry plan from Industry 3.0 to Industry 4.0. Specifically, to achieve this, we provide a detailed techno-economic proposal that suggests a trade-off between optimal quality and continuity of operations for an Industry 4.0 level factory. The technical novelty of this article lies in taking a step back and providing a top-down technological approach to the current state of affairs in machinery, supply chain, and factory operations level while suggesting cost-effective methods to increase productivity, reduce production errors and pave the way for smart manufacturing techniques.

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“…Amongst the several factors that may explain successful international entrepreneurship (Kropp et al. , 2008; Mills, 2011; Oliva et al. , 2022; Santos et al.…”

Section: Introductionmentioning

confidence: 99%

“…Amongst the several factors that may explain successful international entrepreneurship (Kropp et al, 2008;Mills, 2011;Oliva et al, 2022;Santos et al, 2021), current literature highlights the existence of two groups of factors that are internal (Agarwal and Audretsch, 2001) and external (Ebert et al, 2019) to the firm. Several studies have focussed on the importance of internal resources of born global firms (see amongst others Del Sarto et al, 2021), while others have devoted some attention to the role of external technological knowledge in these firms (Zahra, 2005;Zahra et al, 2000).…”

Section: Introductionmentioning

confidence: 99%

Openness strategies and the success of international entrepreneurship

Gimenez‐Fernandez

Ferraris

Troise

et al. 2022

IJEBR

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PurposeExternal knowledge is a key resource for the success and the survival of born global firms; however, existing models provide minimal evidence on how these firms should source this knowledge resource. Thus, the purpose of this research is to increase understanding on the impact of diverse knowledge search and knowledge formal protection in international new ventures (INVs).Design/methodology/approachThe study uses a quantitative methodology based on a sample of start-ups from the Spanish Community Innovation Survey data. Using ordinary least squares regressions on a 10-year period panel data, this research tests the moderator role of a heterogeneous base of international partners and formal knowledge appropriation strategy on the relationship between start-ups and their export performance.FindingsThe results show that compared to non-born global start-ups, born global firms benefit more from establishing relationships with a set of heterogeneous international partners. By contrast, all start-ups benefit from an extensive appropriation strategy if they establish such alliances with diverse international partners.Originality/valueThe study extends current theory on international entrepreneurship by providing a new theoretical framework for INVs of both the extensive use of formal mechanisms of knowledge protection and the access to heterogeneous and distant knowledge. This study has also several implications for knowledge management domain.

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Risks and critical success factors in the internationalization of born global startups of industry 4.0: A social, environmental, economic, and institutional analysis

Cited by 36 publications

References 167 publications

The Influence of Crisis Management, Risk-Taking, and Innovation in Sustainability Practices: Empirical Evidence From Iraq

The Influence of Crisis Management, Risk-Taking, and Innovation in Sustainability Practices: Empirical Evidence From Iraq

Industry 4.0 Case Study in Plastics Manufacturing: Bridging the Gap Between the Current State and Future Trends

Openness strategies and the success of international entrepreneurship

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