Journal Article10.1108/RIBS-07-2019-0103
Does entrepreneurs’ risk perception influence firm’s rapidity in foreign market entry through moderation of entrepreneurial decision-making approach?
Md. Nur Alam,Imtiaz Masroor,Md. Noor Un Nabi +2 more
- 11 Mar 2020
- Vol. 30, Iss: 2, pp 225-243
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TL;DR: In this article, the authors investigated the relationship between risk perception of the entrepreneurs and the rapidity in international market entry with moderation of the decision-making approach and found that the effectual approach negates the risk perception and speeds up the internationalization process of that firm.
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Abstract: The purpose of this paper is to find out whether risk perception can affect rapidity in international market entry. Also, this paper tries to find out whether the decision-making approach, effectuation, can moderate the pathway between risk tolerance and internationalization speed.,A hypothetico-deductive methodology has been used to conduct this study. Using partial least square regression, this study tested and proved two developed hypotheses based on a sample of 101 software and IT-enabled services firms in Bangladesh. The sample was selected using non-probability sampling techniques, and data were collected using a structured questionnaire developed from the extant literature.,All of the hypotheses proposed in this study have been accepted. The results show that the effectual approach of decision-making negates the risk perception of the entrepreneur and speeds up the internationalization process of that firm.,The implications of this study are inherent in the entrepreneurial cognition and decision-making approach (effectuation). This study provides an insight into risk perception and the rapidity of internationalization, which can spur future development in this field.,Rapidity in internationalization of small- and medium-sized enterprises depends on a significant number of factors, one of which is the decision-making approach. The decision-making approach followed by the firms can have an effect on the speed of internationalization. This paper connects the dots between the rapidity of entry to foreign markets with a cognitive variable, risk perception. This paper developed two hypotheses to measure the relationship between risk perception of the entrepreneurs and the rapidity in international market entry with moderation of the decision-making approach.
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Md. Noor Un Nabi,Utz Dornberger +1 more
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TL;DR: Oviatt and McDougall as discussed by the authors describe international entrepreneurship as the discovery, enactment, evaluation and exploitation of opportunities across national borders that create future goods and services, and the most visible embodiment of international entrepreneurship is the firms that are active in developing, mobilizing and exploiting resources of different types and origins.
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Saras D. Sarasvathy
- 01 Aug 2001
TL;DR: In this paper, the authors conducted a verbal protocol study of 27 expert entrepreneurs who were evaluated on effectuation as a dominant decision model in entrepreneurial decision making. But effectuation was not considered in this study.