Entrepreneurial Risk Management: A literature review of entrepreneurial research and analysis of Risk Management in International New Ventures

Valum, Anders

4. Term

Economics and Business Administration (International Business Economics), Master

2015

This thesis examines how International New Ventures (INVs) and Born Global firms manage risks during the early stages of internationalization. It draws on a focused literature review of international entrepreneurship studies published in 2012–2013 (19 articles from the IE-scholars database) and compares their insights with a field-tested risk management framework from the theoretical literature. The review finds broad alignment: effective firms combine proactive and reactive approaches, seek alternative paths to reduce exposure, prepare for risk events, leverage networks and partnerships to transfer or mitigate risk, focus on market needs to avoid missteps, and maintain adaptable business structures and market presence, accepting only risks that can be borne or shared. The study is limited by its two-year scope and single database. It offers useful guidance for scholars and practitioners and highlights the need for broader, longer-term reviews in future research.

Dette speciale undersøger, hvordan Internationale Nye Virksomheder (INV) og Born Global-virksomheder håndterer risici i de tidlige faser af internationalisering. Det bygger på en fokuseret litteraturgennemgang af internationale entreprenørskabsstudier udgivet i 2012 og 2013 (19 artikler fra IE-scholars databasen) og sammenholder deres indsigter med en praksisafprøvet risikostyringsramme fra teorilitteraturen. Gennemgangen peger på bred enighed: effektive virksomheder kombinerer proaktive og reaktive tilgange, søger alternative veje til at reducere eksponering, forbereder sig på risikohændelser, udnytter netværk og partnerskaber til at overføre eller afbøde risiko, fokuserer på markedsbehov for at undgå fejltagelser og bevarer en tilpasningsdygtig forretningsstruktur og markedsnærvær, så de kun påtager sig risici, der kan bæres eller deles. Studiet er begrænset af sin toårige tidsramme og én database. Det giver nyttig viden til forskere og praktikere og peger på behovet for bredere og længerevarende gennemgange i fremtidig forskning.

[This apstract has been generated with the help of AI directly from the project full text]

International New Ventures ; Born Globals ; Risk Management ; literature review

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