All Items on the topics Australia & Innovation
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Born To Be Global: A closer look at the international venturing of Australian born global firms (Research)
Sun Dec 16 2007 | Professor Peter Liesch, Professor of International Business and Leader of the Enterprise and International Business Cluster, University of Queensland Business School; Dr Matthew Steen, Policy Adviser - Tax & competitiveness, NSW Business Chamber; Dr Stuart Middleton, University of Queensland Business School; Dr Jay Weerawardena, University of Queensland Business SchoolThis report focused on charting the experiences of 18 'born global' firms which ventured overseas shortly after their birth. In examining their successes and setbacks, the researchers were able to identify some key factors relevant to identifying and satisfying new global opportunities more adeptly, including agility, persistency and the ability to manage a range of business functions and risks simultaneously.
In analysing the business case studies, certain patterns were discerned about the character and further development of born global firms. While these insights do not constitute a template for business success, they do provide an important set of lessons for enterprises that are export ready or seeking other ways to extend their international reach.