Finnish Perspectives of International Entrepreneurship

Reijo K. Luostarinen · Mika Gabrielsson

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International Business and FDI Entrepreneurship Studies and Influences Migration, Ethnicity, and Economy

Abstract

In recent years, the born global (BG) companyhas begun to gain prevalence in the world market.However, the limitedresearch that exists regarding born globals indicates that they act differentlythan other global firms.This study illuminates the characteristics,locations, motivations, development, and challenges of BGs. An explanation of the born globalphenomenon is provided, includingcomparisons to other internationalized firms and discussion of the evolution ofBGs.The typical locations of BGs are examined, including their impact onsmall and open economies.The factors that motivate the creation of BGsare investigated and discussed, and the many strategies theyutilize.Using the data from a pilot study of 30 Finnish BGs, sevenhypotheses regarding the strategizing of these firmsare created.Therationale behind each hypothesis is considered. In closing, the future challenges to BG success are explored.Thechallenges and obstacles include entrepreneurial, governmental andresearch/teaching challenges, each of which is discussed in detail.(AKP)

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