Born Global Firms and the Embeddedness of Entrepreneurial Ecosystems
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Abstract
The swift international expansion of born global firms has drawn considerable interest in modern entrepreneurial studies. This thesis investigates how entrepreneurial ecosystems are intertwined with the success and progression of born global firms. Specifically, it looks at how local entrepreneurial ecosystems influence the growth and international strategies of these firms. The study includes an analysis of three wellestablished born global firms from different regions, identifying crucial ecosystem elements such as venture capital access, support networks, mentorship, and innovation infrastructure that significantly affect these firms' trajectories.
This research uses a mixed-methods approach, combining qualitative case studies with quantitative analyses to offer a thorough understanding of the dynamics involved. Data collection involved semi-structured interviews with senior executives from the threeborn global firms, alongside ecosystem stakeholders, supplemented by a comprehensive review of secondary sources, including industry reports and academic literature.
The findings indicate that born global firms thrive when embedded in dynamic entrepreneurial ecosystems that provide not only financial resources but also essential social and intellectual capital. The study emphasizes the need for policy measures that enhance local ecosystems to support the global ambitions of new enterprises. Additionally, it highlights the interconnected nature of global entrepreneurial networks and the role of digital technologies in facilitating entry into international markets.
This thesis enhances the theoretical framework of international entrepreneurship by linking entrepreneurial ecosystem theory with born global literature. It provides practical insights for policymakers, ecosystem developers, and entrepreneurs by pinpointing best practices and strategic interventions that promote the international growth of startups. The research ultimately advocates for a comprehensive approach to ecosystem development, stressing the necessity of integrated support systems that address the unique challenges faced by born global firms.
In addition, our study underscores the critical role of entrepreneurial ecosystems, which provide resources such as funding, mentorship, and infrastructure, fostering innovation and facilitating market entry. Ecosystems with supportive regulatory frameworks significantly reduce international expansion barriers, enhancing the efficiency of market entry strategies. Furthermore, it also offers valuable insights for policymakers and business leaders aiming to support born global firms in their internationalization efforts, emphasizing the importance of tailored strategies and robust entrepreneurial ecosystems